Shell hopeful on Arctic drilling despite setback

Published September 30, 2012 4:06pm ET



ANCHORAGE, Alaska (AP) — The stars lined up — almost — for Shell Oil to drill exploratory wells this year in waters off Alaska’s north coast.

The Arctic Ocean was on record pace for low sea ice. The Obama administration gave a qualified green light to drilling. Two drill ships and a flotilla of support vessels were staged off prospects.

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