North America
October 5, 2015
Fossil Fuels | Oil
Policy Brief
Shell Cites Restrictive Regulations In Ceasing Arctic Drilling Operations
High Operating Costs And Unpredictable Regulatory Environment Hinder Arctic Energy Exploration
Key Takeaways: Royal Dutch Shell will close its Arctic drilling activities, demonstrating the increasing complexity of Arctic operational conditions Declining oil prices create unfavorable environment for capital-intensive offshore drilling projects Finalized regulations and revised timelines that reflect challenging Arctic conditions are needed to foster Arctic oil and gas development in the future Insight for…