Chron.com (blog) | Shell freezes Arctic oil quest after $7 billion bid yields 'disappointing' results Chron.com (blog) Shell's exploratory oil well in the Chukchi Sea north of Alaska encountered “indications of oil and gas” but the company said they were “not sufficient to warrant further exploration” — a significant blow for the Anglo-Dutch firm that had hoped to ... Shell Exits Arctic as Oil Slump Forces Industry to Retrench Shell has frozen its Arctic oil drilling – but it's still hungry for fossil fuels Shell Oil Abandons Controversial Drilling Off Alaska's Shore |