Arctic Oil & Gas News

Russia Chooses ‘Soft’ Approach To The Arctic – Analysis by Igor Alexeev, posted on the Eurasia Review Recent initiatives in the Arctic Council show that Arctic nations have chosen business as a universal language of rapprochement. Russia’s limited military presence should be viewed as an opportunity to build a safer economic environment without prejudicing the…

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…