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

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…