Search for Arctic oil

14.11.2013 China, Norway May Jointly Look for Arctic Oil

Norway is deciding whether to team up with China to explore for oil in Iceland, Reuters reported on November 13, citing Icelandic authorities said, setting up a rare cooperation for the two since a diplomatic row over the award of the 2010 Nobel Peace Prize to Chinese di

12.11.2013 Russia to Produce First Arctic Oil in December

Russia’s first offshore ice-resistant fixed platform Prirazlomnaya will start commercial oil production in the Pechora Sea in the Arctic in December, Itar-Tass has reported, citing the press service of the Nenetsky autonomous area.