In its latest monthly publication “Shell World,” Royal Dutch Shell plc (ADR) (NYSE:RDS.A) has quoted the International Energy Agency as estimating the company’s global deepwater oil reserves to be around 675 billion barrels. The oil giant stated in the publication that it has enjoyed several successful projects over the decades and some breakthrough achievements regarding global deepwater during the current year.
Royal Dutch Shell Plc (ADR) (RDS.A) approached the US government yesterday, for permission to drill in the Arctic, off the coast of Alaska. The Anglo-Dutch giant could resume exploration activities again next year if the approval is granted.
Royal Dutch Shell Plc will not drill for oil in Alaska’s Arctic seas this year, the company said on Wednesday, in a widely expected decision that follows a series of high-profile setbacks in 2012.
Both critics and supporters of Shell’s controversial Arctic offshore foray welcomed its decision to give up on drilling there for 2013, while the company tries to get its drillships ready and answers to U.S. federal investigators.