Cairn Energy formally launched its summer oil drilling program off the west coast of Greenland May 24, as the environmental group Greenpeace stepped up protests of the oil company’s Arctic activity.
Scottish-based Cairn Energy PLC claims it can safely explore for oil off Greenland's western coast. Last August the company announced that drilling in the area had detected the presence of either oil or gas beneath the seafloor.
Now Greenpeace launched a campaign and forces CEO Bill Gammell to publish their Greenland oil spill response plan. Concerned citizens are invited to send a personal email right from the ...-> continue reading
Just a few days ago the Arctic Council met in Nuuk, Greenland. What appeared as an innocent ‘talk-shop’ may have pulled the trigger. The presence of Hillary Clinton and Ken Salazar made clear the US have an eye on the Arctic resources.
An important outcome of the Council was the agreement on SAR missions between the relevant countries, United States, Russia, Canada, Iceland, Denmark, Norway, Finland and Sweden. Now investments in an area of 13 million square miles of ocean around North Pole are less risky and therefore less expensive.
USGS estimated some 90 billion barrels of oil, 1,669 ...-> continue reading
Yesterday the Stena Polaris, a 183m long P-MAX tanker with ice class 1A arrived in Yeosu, South Korea, with a cargo of 44,000 tons of naphtha. The journey started in Ust Luga, Russia in the Gulf of Finland mid September.
Erik Hånell, President & CEO of Stena Bulk sees "the voyage with the Stena Polaris as the beginning of a long and far-reaching collaboration with Hyundai Glovis".
Also in the news:
foreignpolicy.com: High North or High Tension?