By Ramsey Cox
The Hill reported that the oil company would stop drilling after spill-containment equipment on the Arctic Challenger barge was damaged. Shell is required to have that equipment ready for deployment.
Instead of starting the drilling this year, Shell said it would begin as many wells — called ‘top holes’ — as the season allows. The top holes drilled would expedite work next season.
According to Murkowski’s statement, the Arctic waters off Alaska’s northern coast contain an estimated 27 billion barrels of oil and 132 trillion cubic feet of natural gas.