- Statoil (STO) says it may walk away from exploration in western Greenland, as its head of exploration says the licenses are costly and STO is being choosier where it explores.
- Royal Dutch Shell (RDS.A, RDS.B) is the operator on two of STO’s west Greenland licenses; Cairn Energy (OTCPK:CRNCY) operates the Pitu license, owned 30% by STO, and said today it is still considering plans to drill it.