Big Oil's dream of drilling off the Arctic coast of Alaska may be ending

The conical drilling unit Kulluk sits grounded 40 miles southwest of Kodiak City, Alaska. See Also You can add Norway's state oil company to the list of petro-giants that have abandoned their dreams of finding black gold in the icy white Arctic. Statoil is walking away from a block of leases it has held in the remote Chukchi Sea off Alaska,...