4 Energy Stock Stories Making a Commotion
Royal Dutch Shell (NYSE:RDSA): Closing price $66.72
Shell officials on Thursday said the company plans to make another, dramatically scaled-back attempt to find crude in the Arctic after a headline-grabbing 2012 season that left the firm with air pollution penalties and equipment failures. However, first the firm is getting ready to scrap the floating Kulluk conical drilling unit, which smashed aground near an Alaskan island on December 31 following a five-day struggle to tow the vessel through a storm. This time, Shell has contracted Transocean’s semi-submersible drilling unit, Polar Pioneer, to replace the Kulluk as soon as early next year.