{"id":5159,"date":"2015-02-02T06:52:49","date_gmt":"2015-02-02T11:52:49","guid":{"rendered":"http:\/\/olduvai.ca\/?p=5159"},"modified":"2015-02-02T06:52:49","modified_gmt":"2015-02-02T11:52:49","slug":"arctic-oil-on-life-support","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=5159","title":{"rendered":"Arctic Oil On Life Support"},"content":{"rendered":"

Arctic Oil On Life Support<\/a><\/h3>\n

Oil companies have eyed the Arctic for years. With an\u00a0estimated<\/a>\u00a090 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.<\/p>\n

As drilling technology advances, conventional oil reserves become harder to find, and climate change contributes to melting sea ice, the Arctic has moved up on the list of priorities in oil company board rooms.<\/p>\n

That had companies moving north \u2013 Royal Dutch Shell off the coast of Alaska, Statoil in the Norwegian Arctic, and ExxonMobil in conjunction with Russia\u2019s Rosneft in the Russian far north.<\/p>\n

But achieving the goals of tapping the extensive oil reserves in the Arctic has been much harder than previously thought. Shell\u2019s mishaps have been well-documented. The Anglo-Dutch company failed to achieve permits on time, had its drill ships\u00a0run aground<\/a>, and saw its\u00a0oil spill containment dome<\/a>\u00a0\u201ccrushed like a beer can\u201d during testing. That delayed drilling for several consecutive years.<\/p>\n

<\/div>\n

…click on the above link to read the rest of the article…<\/p>\n","protected":false},"excerpt":{"rendered":"

Arctic Oil On Life Support Oil companies have eyed the Arctic for years. With an\u00a0estimated\u00a090 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 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[2037,1018,3121,2667,1041,1775,3122,3022,694,2515],"class_list":["post-5159","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-alaska","tag-arctic","tag-arctic-drilling","tag-arctic-oil","tag-exxonmobil","tag-oil-price-collapse","tag-rosneft","tag-royal-dutch-shell","tag-russia","tag-statoil"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5159"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5159\/revisions"}],"predecessor-version":[{"id":5160,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5159\/revisions\/5160"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}