Statoil pulls out of Alaska
The Norwegian oil company is halting its activities in the Chukchi Sea off the coast of Alaska and is closing its office in Anchorage. It is not worthwhile to develop the assets in light of the difficult market outlook, says Statoil.
BY DANIEL LOGAN BERG-MUNCH
The low oil price and the hard-pressed investment environment have pushed Statoil to drop its activities in Alaska.
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