U.S. agency approves Shell Arctic oil drilling plan

Reuters: Royal Dutch Shell's long-stymied Arctic drilling program inched ahead on Thursday, as the U.S. offshore drilling regulator approved the company's oil exploration plan for Alaska's Beaufort Sea. Shell's plan would allow the company to drill up to four shallow water exploratory wells off Alaska's northern coast beginning in July 2012. The approval comes more than a year after BP's massive oil spill in the Gulf of Mexico upended Obama administration plans to expand offshore drilling and underscores......

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