Statoil will exit Alaska, following Shell

A map of Norwegian oil company Statoil’s leases in the Chukchi Sea. (Courtesy of Statoil)
Another major oil company has announced it will exit Alaska’s Arctic waters.
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Norwegian oil company Statoil said Tuesday (Nov. 17) that it will end exploration efforts in the Chukchi Sea and close its Anchorage office. The decision comes just two months after Shell ended its quest to drill in the Arctic Ocean, citing disappointing results at its first well.
Statoil Spokesman Peter