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Prior to today's announcement, Shell accounted for nearly 10% of UK related dividend income.
In its Jan . 9announcement, Shell said it was cooperating with the Securities and Exchange Commission in the United States.
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The Interior Department's announcement said Shell had "committed to provide" the capping stack and an oil collection system.
"Today's announcement from Shell that it will not drill for oil in the Arctic Ocean for the foreseeable future underscores the reality that drilling in this harsh and sensitive Alaskan environment is not worth the risk," Sen. Edward J. Markey (D-Mass). said in a statement Monday.
The Shell announcement comes during concern over the BP oil leak in the Gulf of Mexico, which has put the oil and gas industry under increasing scrutiny.
Shell's announcement comes after a ruling last week by Britain's takeover panel, which said the rival bidders would have to enter a formal auction process on Monday if no decision had been made.
"Shell's announcement to me is another clarion call to the state and those managing the Permanent Fund that we need a new model of managing our funds and we need to diversify the Alaska economy," Williams said.
Shell's announcement came as oil futures rose in New York above $70 a barrel this week, and might provide the market with a small measure of comfort that large quantities of oil would soon be returning.
In its latest announcement of job losses, Shell said its deal with BG "should enhance our free cash flow" and be "a springboard to change Shell into a simpler and more profitable company".
This week, Walmart, the largest grocery retailer in the U.S., took a positive step with its announcement to stop carrying shell eggs from hens raised in battery cages by 2025.
Hours after the Israeli announcement this morning, tanks shelled a Palestinian checkpoint in the West Bank city of Ramallah and pushed into a Palestinian area in southern Gaza.
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