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Shell seeks to preserve U.S. drilling rights in Arctic Ocean

2015-12-16 19:50:37| Energy - Topix.net

Royal Dutch Shell is fighting to preserve U.S. drilling rights in Arctic waters three months after halting exploration indefinitely there because it failed to find meaningful oil or natural gas deposits. Europe's largest oil company filed a notice of appeal Tuesday challenging the Interior Department's Oct. 29 rejection of the company's requests to stop the clock on Arctic oil and gas leases that otherwise expire between 2017 and 2020.

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