Bloomberg reported that the United States Interior Department will review the oil and gas exploration in the Arctic waters in Alaska, a move that was prompted by the mishaps that took place in the Royal Dutch Shell Plc (LON:RDSA) drilling rig recently.
As quoted in the market news:
Tommy Beaudreau, director of Interior’s Bureau of Ocean Energy Management, will lead the review, the department said.
“As part of our Department’s oversight responsibilities, our review will look at Shell’s management and operations in the Beaufort and Chukchi seas,” Beaudreau said in the statement. “We will assess Shell’s performance in the Arctic’s challenging environment.”