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Conoco halts offshore drilling in Alaskan Arctic

2013-04-11 15:37:00| Climate Ark Climate Change & Global Warming Newsfeed

Agence France-Presse: US oil giant ConocoPhillips on Wednesday announced it is suspending its offshore Alaska drilling program in the Alaskan Arctic due to changing regulations. Two months after a similar move by Shell, ConocoPhillips cited "evolving" federal regulatory requirements in putting on hold its 2014 exploration drilling plans in the Chukchi Sea on Alaska's northern coast. "While we are confident in our own expertise and ability to safely conduct offshore Arctic operations, we believe that more time is...

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