ANCHORAGE, Alaska (AP) A Shell oil-drilling ship that ran aground near a remote Alaska island has been refloated, officials said early Monday.

NPR: Grounded Shell Oil-Drilling Ship Refloated

By reducing the company's fuel costs and refocusing investment in the oil and gas divisions, AP Moller Maesrk hopes for a future with less volatility and calmer seas.

CNN: Shipping giant looks to China to combat downturn

Anticipating the potential backlash of stellar profits amid a stalling recovery and a hurting consumer, the company tried to distance itself from oil and gas prices, according to AP.

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Members of the Congress Party will head the ministries of defence, foreign affairs and oil, while opposition politicians will lead the ministries of interior, finance and information, AP reports.

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