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Shell Moves Australia Head to U.S. Arctic Program

Royal Dutch Shell PLC (RDSB) is moving its Australian head to run operations in the U.S. Arctic Ocean, a person familiar with the matter said Tuesday, as the oil major attempts to recover from a series of drilling setbacks in the icy north.Ann Pickard, who has been overseeing billions of dollars of investments in Australian gas-export projects, will take up a new role in the U.S. on June 1, the person said.The reshuffle comes after Shell's planned summer drilling program in the U.S. Arctic Ocean was cancelled due to severe damage to rigs capable of operating in harsh conditions. It was the second consecutive year that the company wasn't able to drill in the region, having been frustrated before by bad weather and mechanical and regulatory challenges.Shell's Arctic drilling plans form an important plank in its efforts to replace falling output elsewhere. They also underscore the difficulty that big energy companies face in finding significant deposits of conventional oil as easy-to-acce...

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