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Oil and the Arctic: what is at stake![]() ![]() Paris (AFP) Dec 21, 2016 A US-Canadian move to block new leases for oil or gas drilling in sovereign Arctic waters is designed to protect an area already severely disrupted by climate change. A quick tour of the Arctic and what is at stake: - THE ARCTIC - The Arctic Circle, which starts 66.5 degrees north of the equator, marks an area where on at least one day of the year there will be no light or no night - and that period is longer, the further north you go. It covers more than 20 million square kilometres ( ... read more |
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![]() Texas, the No. 1 oil producer in the United States, reported crude oil production edged slightly lower than the previous month based on preliminary data. ... more ![]() ![]() Following an uptick in oil production, and after boasting of legacy output this week, Norway's Statoil said one of its fields has passed 2 billion barrels. ... more ![]() ![]() A subsidiary of oilfield services company Schlumberger said it landed contracts to help manage operations in the U.S. waters of the Gulf of Mexico. ... more ![]() ![]() Saudi Arabia said it was making progress on economic reforms aimed at correcting a deficit, with both oil and non-oil revenue increasing in 2017. ... more |
Previous Issues | Dec 22 | Dec 21 | Dec 20 | Dec 19 | Dec 16 |
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![]() Only when crude oil markets balance out in the second half of next year can major players starting talking about market recovery, Russia's oil minister said. ... more ![]() ![]() Growth reported Thursday in the U.S. economy helped lift oil prices out of a hole after falling in response to reports of a build in crude oil stockpiles. ... more ![]() ![]() A national oil company in Libya said two major oil fields are now reconnected to pipeline infrastructure and oil is flowing freely for the first time in years. ... more ![]() ![]() French energy company Total said it was building up its prospects in South America in a partnership that gives it access to some of Brazil's biggest oil fields. ... more ![]() ![]() The oil discharged into the Gulf of Mexico following the explosion and sinking of the Deepwater Horizon (DWH) rig in 2010 contaminated more than 1,000 square miles of seafloor. The complexity of the ... more |
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![]() ![]() Obama moves to tie Trump's hands on Arctic, Atlantic drilling ![]() ![]() An oil field on the Norwegian continental shelf reached its 1 billionth barrel and has at least eight years left for production, energy company Statoil said. ... more ![]() ![]() An expected draw on U.S. crude oil inventories help erased a brief downturn for crude oil prices, but momentum could be influenced by year-end movements. ... more |
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