Royal Dutch Shell

Royal Dutch Shell started oil drilling in the Chukchi Sea, just 70 miles off the coast of northwest Alaska. The company, however, has begun just preparatory oil drilling for the well in the Arctic after waiting 4 long years since it paid roughly $2.8 billion to the federal government for petroleum leases in the Chukchi Sea. Shell’s officials hope that the preliminary work in Alaska will lead to a bonanza which will help expand company’s businesses as well as extend Alaska’s oil economy.