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US cancels plans to allow Arctic oil drilling

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Washington: The US government has cancelled plans to allow oil drilling along the Arctic coasts of Alaska for the next two years, the interior department announced.

The decision signifies the elimination of offshore lease sales for oil drilling rights in the Chukchi and Beaufort Seas, and comes less than a month after the Shell oil company decided to suspend its exploration for crude and natural gas on the Alaska coast, EFE reported on Saturday.

On September 28, the Anglo-Dutch oil company announced the suspension of its plans in Alaska due to some “disappointing” results from an important oil well in the sea off Chukotka, that unfortunately coincided with a time when the price of crude was at its lowest in recent years.

“Shell will now cease further exploration activity in offshore Alaska for the foreseeable future,” the oil company said at the time. “This decision reflects both the Burger J well result, the high costs associated with the project, and the challenging and unpredictable federal regulatory environment in offshore Alaska.”

“In light of Shell’s announcement, the amount of acreage already under lease and current market conditions, it does not make sense to prepare for lease sales in the Arctic in the next year and a half,” interior secretary Sally Jewell said.

The Barack Obama administration also decided to refuse the requests of Shell and Norway’s Statoil to move to a later date the lease contracts in the Arctic they obtained from the government of George W. Bush.

The two offshore lease sales that the US had planned for the next two years were the one in 2016 for drilling rights in the Chukchi Sea and the other in 2017 for the Beaufort Sea.

Despite the hold on bidding during the next two years, the interior department still has plans for possible lease sales for drilling rights in the Arctic for the years 2020 and 2022.

The final decision in those two cases will be up to the US president elected in 2016.

Meanwhile, environmentalists have opposed all plans to drill for oil in the Arctic, warning that such operations could harm polar bears and seals.

(IANS)

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Apple Music On Lead Over Its Rival Spotify In All Market: Report

Trial users were not part of the comparison, the report added.

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Apple Music now has more than 45 million subscribers world-wide, with an additional 5-10 million free trial users.
Apple Music now has more than 45 million subscribers world-wide, with an additional 5-10 million free trial users. Pixabay

With more than 20 million paying users in the US, Apple Music has just taken the lead over its rival Spotify in an all-important market, the media reported.

Spotify still leads outside of the US, tallying 75 million subscribers as part of its first earnings report in May.

“The source, a US-based, major distributor, shared a report detailing the subscriber tallies of several streaming music services, including Apple Music, Spotify, Tidal, and Sirius XM. That report now ranks Apple Music as first in the US, at least among primarily on-demand music streaming services,” the Digital Music News recently reported.

Spotify Music still leads outside of the US, tallying 75 million subscribers as part of its first earnings report in May.
Spotify Music still leads outside of the US, tallying 75 million subscribers as part of its first earnings report in May. Pixabay

The data for 2018 also shows that Apple is experiencing a far stronger rate-of-growth in the US, suggesting a wider lead over the coming months.

Trial users were not part of the comparison, the report added.

Apple Music now has more than 45 million subscribers world-wide, with an additional 5-10 million free trial users.

Also read: 6.5-Inch Colorful iPhones To be Launched This Year By Apple

The iPhone maker’s free trials last about three months while Spotify says it has more than 70 million paying subscribers globally, with roughly 160 million overall users. (IANS)

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