Arctic Oil Exploration Gains Momentum
The challenging Beaufort Sea has been gaining attention from oil and gas producers and explorers looking to make a mega-play discover that makes billion-dollar drilling programs worthwhile.
Articles Tagged "Arctic"
Oil Exploration in Nunavut
Nunavut is bound to have some piece of the estimated 160 billion barrels of crude oil believed to be locked up in the Arctic – the challenge is finding it.
Exxon Tie Up Deal With Rosneft To Explore Russian Arctic
After BP-Rosneft deal falls through, Exxon score a major coup with partnership that grants them access to untapped reserves that could top 110 billion barrels of oil equivalent.
Northwest gassage?
If you have been following the business pages lately, you have likely seen reports about the new United States Geological Survey report that has come up with a mean estimate of “1,670 trillion cubic feet of natural gas” in the Arctic Ocean. Additionally, the mean estimates predict “90 billion barrels of oil” and “44 billion barrels of natural gas liquids” undiscovered.
