Italian firm Eni poised to begin Arctic oil quest as Shell quits Alaska
by Harry Davies from on (#P0QB)
Italian oil giant's $5.5bn project in Norwegian Arctic set to launch by the end of the year
Italian oil giant Eni has vowed to press ahead with oil production in the Arctic by the end of the year, undeterred by Shell's decision to abandon its quest for Arctic oil.
As environmentalists celebrated Shell's retreat from the Chukchi Sea this week, Eni is meanwhile making final preparations to a $5.5bn (3.6bn) project in the Norwegian Arctic.
