No "showstoppers" yet for Shell Arctic drilling plans, regulator says

Jun. 17, 2015 10:56 AM ETShell plc (SHEL)SHELBy: Carl Surran, SA News Editor15 Comments
  • Royal Dutch Shell's (RDS.A, RDS.B) Arctic drilling plans are moving inexorably closer to reality, as offshore drilling regulators this week approved more permits (I, II) for the project and are now vetting Shell’s specific plans for boring two exploratory oil wells.
  • The director of the U.S. Bureau of Safety and Environmental Enforcement say the agency just received additional details from Shell on one permit application and is waiting for more information on the second, but there is "nothing to indicate any showstoppers at this point."
  • The two drilling permits at Shell’s Burger prospect are among the last remaining federal authorizations the company needs to launch its planned drilling next month.
  • Shell’s emergency equipment for capping and containing a blown-out well in shallow Arctic waters also has been certified, but officials with the Coast Guard and the Interior Departmens safety bureau are watching as a critical component of the Arctic containment system is now being deployed in waters near Everett, Wash.

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