Arctic Oil & Gas News

China’s CNOOC starts preparation work to explore for oil and gas offshore Iceland, posted on Platts McGraw Hill Financial China’s CNOOC International Ltd has started preparation work for oil and gas exploration in Iceland’s offshore Dreki Area, an official with CNOOC’s Investor Relations Department said Friday.  [Read More…]   Greenland: Mining Rush Welcomed, Won’t Favor…

Arctic Oil & Gas News

Norway to build modern icebreaker for oil, gas exploration in Arctic by 2016, posted on The Voice of Russia The Kronprins Haakon modern icebreaker for exploration of resources in the Arctic will be ready by 2016, Norway’s Minister of Fishery Elisabeth Aspaker said at the opening of the Arctic Borders international conference in Tromso, Norway.…

Arctic Oil & Gas News

Statoil Boosts Arctic Holdings with Greenland License by James Stafford, posted on OilPrice.com Norway’s Statoil has been awarded a frontier exploration license for Block 6 offshore north-east Greenland, in the Arctic Ocean, with partners ConocoPhillips and Nunaoil. Statoil is seeking to position itself long-term in the Arctic and sub-Arctic regions, and some estimates hold Greenland’s…