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Shell places huge bet on Arctic Oil riches

2015-07-08 06:54:33| Oil & Gas - Topix.net

Royal Dutch Shell PLC is days away from drilling in the Arctic Ocean--betting it can find enough oil to justify the huge risks that keep almost every other competitor out of those icy waters. The company is hauling two massive rigs--the Polar Pioneer and the Noble Discoverer--more than 2,000 miles up and around the Alaska coast to the Chukchi Sea, where it plans to begin work the third week of July.

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