Statoil Ends Arctic Oil Drilling Program

Eldonita de Ivan Martínez
2015-11-18 13:57:13

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Oslo, November 18 (RHC)-- The Norwegian oil company Statoil has announced that it is ending its Arctic oil drilling program, even though its stakes in the Arctic don’t expire until 2020.

The move comes after Shell walked away from its oil drilling program in the Arctic after spending $7 billion.



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