Shell prepares offshore Arctic exploration plan

ANCHORAGE, Alaska — A spokesman for Shell Alaska said the company in the next few weeks will submit an Arctic offshore exploration plan but hasn’t decided whether it will move forward with drilling next year.

Curtis Smith said the company is “putting the building blocks in place” for an upcoming exploration season but hasn’t made a final decision.

He said if Shell drills in 2014, it will be in the Chukchi Sea only, and not the Beaufort Sea.

The plans were made public during Royal Dutch Shell PLC’s third-quarter earnings announcement.

Shell drilled in both the Chukchi and the Beaufort in 2012 but suffered serious setbacks, culminating with the grounding of a drill vessel near Kodiak.

The company subsequently decided it would not drill in 2013.

More in Herald Business Journal

Get ready for the era of hypersonic flight — at Mach 5

The Pentagon sees hypersonic weaponry as a potential game changer.

Safe saves Everett Office Furniture’s future after fire

The business was able to reopen because vital paperwork was preserved.

Why real estate investors are watching self-driving cars closely

With decisions on real estate made years in advance, could self-driving cars change how we live?

More than 60 Boeing 737s per month: Can suppliers keep up?

There was lots of talk this week about the prudence and pressures of soaring production rates.

Developer proposes an 18-story building in Lynnwood

It would be the second-tallest in the county and include apartments with retail space.

Snohomish County business licenses

PLEASE NOTE: Business license information is obtained monthly from the Washington Secretary… Continue reading

New Everett mayor speaks out about business in city, region

Q&A: Cassie Franklin on what can be done to get Boeing to build the 797 here and attract new industries.

Aerospace analyst explains how he’ll help state’s Boeing bid

Richard Aboulafia will deliver a report on Washington’s strengths and weaknesses in landing the 797.

Air passenger traffic growing faster than airplane capacity

“Our customers are in a good place,” a Boeing marketing executive says of the airlines.

Most Read