Royal Dutch Shell is gearing up for a key test of its Arctic equipment this month as the oil major’s plans to drill off Alaska suffer fresh setbacks

Posco and China Steel have bought a stake in a mining company from ArcelorMittal but the deal will do little to solve steel industry’s weaknesses

The Kulluk, which was being towed south to Seattle after drilling in the Beaufort Sea, ran aground on Sitkalidak Island in the Gulf of Alaska