Shell has yet to drill a single well in the Arctic and may not in 2013.

FT: ” Shell’s ambitious plans to explore for oil in the Arctic this year are clouding over again. Peter Voser, chief executive, said the two drilling rigs the company is deploying offshore Alaska are both out of action.”“One, the Kulluk, sustained damage after it ran aground off the coast of Alaska on New Year’s eve, while the other, the Noble Discoverer, requires upgrades. He declined to say whether they would be ready in time for the 2013 drilling season.”