Shell's return: Shell Oil was a familiar presence in the Alaska oil industry through the latter part of the last century. The company left the state in 1998, but returned again with renewed interest following a successful series of bids for 80-plus leases.

Alaska Business Monthly › Vol. 22 Nbr. 10, October 2006

Author: Colby, Nicole A. Bonham

Linked as:

< Previous

Next >

Extract

Shell's return: Shell Oil was a familiar presence in the Alaska oil industry through the latter part of the last century. The company left the state in 1998, but returned again with renewed interest following a successful series of bids for 80-plus leases.

Though the oil industry was shocked this summer with the announcement by British Petroleum that it would shut down half of its Prudhoe Bay crude oil production to remedy corroded pipelines, a top Shell Oil executive says the situation is not systemic and does not warrant a revisit of U.S. pipeline regulations.

"The regulations are appropriate," Shell Oil Co...

See the full content of this document