For the past six years, Royal Dutch Shell has been seeking permission to drill in the Artic waters off of the coast of Alaska in the Chukchi Sea.  Over those years, the company has spent nearly $4 billion without drilling a single well.  The company recently scored a small victory when an appeals board of the Environmental Protection Agency rejected four challenges filed by Alaska Native entities... 

Europe’s largest oil company, Royal Dutch Shell PLC, posted profits of nearly $7 billion for the third quarter of 2011.  The profit increase was attributed to higher prices for oil and one-time gains.  The reported profit of $6.98 billion was up from $3.46 billion in the third quarter of 2010.  Revenues for the same quarter rose 33% to $127 billion. Various one time gains, such as the sale of...