Shell Arctic drilling 'risky' - ex-BP boss Lord Browne

Drilling for oil in the Arctic may harm Shell's reputation and cost it dear, the former BP boss Lord Browne has said. Shell has just started preliminary drilling in Alaska’s Chukchi Sea after several setbacks.

Shell's profit warning linked to cost of drilling in Arctic waters

The costs of a trouble-prone drilling programme in Arctic waters off Alaska have contributed to Shell being forced to issue a shock profit warning which has shaken investor confidence.