U.S. cancels Arctic offshore lease sale after Shell drops interest, The U.S. Interior Department on Friday said it would abolish two abeyant Arctic adopted charter sales afterwards Royal Dutch Shell PLC (RDSa.L) said that it was not absorbed in those leases.
"In ablaze of Shell's announcement, the bulk of acreage already beneath charter and accepted bazaar conditions, it does not accomplish faculty to adapt for charter sales in the Arctic in the next year and a half," Interior Secretary Sally Jewell said in a statement.
Shell said endure ages it was giving up its Arctic seek for oil afterwards declining to acquisition abundant awkward oil.
"In ablaze of Shell's announcement, the bulk of acreage already beneath charter and accepted bazaar conditions, it does not accomplish faculty to adapt for charter sales in the Arctic in the next year and a half," Interior Secretary Sally Jewell said in a statement.
Shell said endure ages it was giving up its Arctic seek for oil afterwards declining to acquisition abundant awkward oil.
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