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Oil Major: 70% Of Crude Can Be Left In The Ground

November 25, 2017

Oil Major: 70% Of Crude Can Be Left In The Ground Canada’s oil sands are too dirty to be produced, and should probably stay in the ground. That has long been the sentiment of environmental groups, but it is also gaining acceptance even among some of the largest oil companies in the world. “A lot […]

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Norway Doubles Down On Arctic Oil

February 20, 2017

Norway Doubles Down On Arctic Oil While Canada and the U.S. ban Arctic drilling for oil and gas motivated by environmental concerns, and majors such as Shell pull out of their Arctic projects due to financial pressures, Norwegian energy companies are planning to increase drilling in the country’s Arctic shelf in the Barents Sea. It […]

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Obama Slams The Door On Future U.S. Arctic Drilling

October 20, 2015

Obama Slams The Door On Future U.S. Arctic Drilling The Obama administration officially shut the door on Arctic drilling, a move that could prevent any new drilling for years to come. The U.S. Department of Interior announced on October 16 that it would cancel two lease sales for offshore acreage, which had been scheduled to take place […]

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What On Earth Are We Doing Looking For Oil In The Arctic?

February 18, 2015

What On Earth Are We Doing Looking For Oil In The Arctic? Shell is back in; Statoil is pensive, but eager; and Russia is pushing ahead. Low prices have stunted exploration, but the Arctic is still a hotbed (read: marginally warm-bed) of activity. With so much to lose in the fragile and costly environment, why are we there? […]

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Arctic Oil On Life Support

February 2, 2015

Arctic Oil On Life Support Oil companies have eyed the Arctic for years. With an estimated 90 billion barrels of oil lying north of the Arctic Circle, the circumpolar north is arguably the last corner of the globe that is still almost entirely unexplored. As drilling technology advances, conventional oil reserves become harder to find, and climate […]

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Arctic Explorers Retreat From Hostile Waters With Oil Prices Low

January 14, 2015

Arctic Explorers Retreat From Hostile Waters With Oil Prices Low When Statoil ASA (STL) acquired the last of three licenses off Greenland’s west coast in January 2012, oil at more than $110 a barrel made exploring the iceberg-ridden waters an attractive proposition. Less than two years later, the price of oil had been cut by almost half and […]

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Oil Losses Force Norway to Consider Measures to Back Economy

January 9, 2015

Oil Losses Force Norway to Consider Measures to Back Economy Norway is considering tapping reserve funds to shield westernEurope’s biggest oil producer from the worst slump in crude prices in more than half a decade. Prime Minister Erna Solberg said the government is now “on alert” to respond to the rout. “If the economic situation requires […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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