Arctic Oil & Gas News

Norway Oil Fund Ban Proves No Hurdle for Arctic Coal Mining by Saleha Mohsin, posted on Bloomberg Businessweek As lawmakers in Oslo debate whether to ban their $840 billion sovereign wealth fund from investing in coal companies, the country has opened a new coal mine in the Arctic Svalbard archipelago.  [Read More…]   Asian Giants…

Arctic Oil & Gas News

Guest: Shell, the U.S. not prepared for risks of drilling in Arctic Ocean by Dan Ritzman, posted on The Seattle Times America’s Arctic is a place like no other. Its unique conditions — extreme weather, long periods of darkness and its remoteness — make it both harsh and fragile. It’s a place often underestimated, especially…

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.…