Current RDS.B Stock Info

Arctic Offshore Leases Cancelled Through 2017; Shell, Statoil Fail to Extend Leases
The Chukchi Sea’s 29 billion barrels (U.S. Bureau of Ocean Energy Management’s estimate of BOE) will have to wait for better times.

The U.S. Department of Interior announced last Friday that it will put a halt to future auctions for the current leasing program, which runs through 2017. In its announcement, the DOI said it would cancel the two potential Arctic offshore lease sales scheduled for the remainder of the leasing program due to “current market condi...

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