High Oil Prices Help Industry Absorb Rising Exploration Costs

For an industry already grappling with labour shortages and hikes in raw material prices, the surge in the cost of oil rigs in recent years is a further, unwelcome complication.
Rig costs have been going up by as much as 430 per cent in some cases, and it is not hard to see why.
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Suit Seeks To Block Oil Search Off Alaska

A coalition of environmental organizations and Inupiaq native groups filed suit in federal court in Anchorage on Thursday to force the Interior Department to do a new analysis of the environmental consequences of oil and gas exploration in the Chukchi Sea, off northwestern Alaska.
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