The Arctic -- spanning Russia, Norway, Greenland, the U.S. and - TopicsExpress



          

The Arctic -- spanning Russia, Norway, Greenland, the U.S. and Canada -- accounts for more than 20 percent of the world’s undiscovered oil and gas resources, including an estimated 134 billion barrels of crude and other liquids and 1,669 trillion cubic feet of natural gas, according to the U.S. Geological Survey. That’s almost as much oil as Iraq’s proved reserves at the end of 2013 and 50 percent more gas than Russia had booked, BP Plc (BP/)’s Statistical Review of World Energy shows. After spending $6 billion searching for oil off Alaska over the past eight years, Royal Dutch Shell Plc (RDSA) in October asked for an extension of licenses as setbacks including a stranded oil rig and lawsuits risk delaying drilling further. Cairn Energy Plc (CNE) spent $1 billion exploring Greenland’s west coast in 2010 and 2011 without making commercial discoveries, and OAO Gazprom (OGZD) has shelved its Shtokman gas field in the Barents Sea indefinitely on cost challenges.
Posted on: Fri, 16 Jan 2015 01:00:59 +0000

Trending Topics



391">Were nothing more than shadows Light scatter of the dying
Different Technologies & Their Founders... 1. Google: Larry Page &
Followup to Bekmode Remodeling rip off - After Beckmode took
Fashion / Glamour Shoot - Now! Good morning. Ive just finished
Am I right plz comment We always think and ask that what Pakistan
Looking to purchase a home in NJ but dont have much or any down
♥ Shiseido Black Mineral Mask From Japan ♥ Shiseido Blackhead

Recently Viewed Topics




© 2015