Shell's (RDS.A, RDS.B) decision to delay until next year its plans to explore for oil in...

|By:, SA News Editor

Shell's (RDS.A, RDS.B) decision to delay until next year its plans to explore for oil in Alaska's Arctic offshore is "disappointing news" as the drilling campaign was a "major potential catalyst for the stock this year." Environmental groups gloat, but Shell's decision actually enhances its credibility, an energy fund manager says. "Shell wants to get it right... up there, you don't get a second chance."