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…