Quantcast

Latest Petroleum exploration in the Arctic Stories

2009-06-03 07:00:00

'Doyle's Dome #7' Expected to Initially Produce More Than 200 Barrels a Day COLORADO SPRINGS, Colo., June 3 /PRNewswire/ -- American Energy Resources, an established industry player in the mid-continent region for oil and gas exploration and drilling, announced today it has discovered a secondary significant oil reserve in Lane County, Kansas. The oil well, known as Doyle's Dome #7, is an offset well to the Doyle's Dome #1 well, which was drilled in August 2008. Doyle's Dome #1 had an...

1c46060d3e5436fa9655319caea58f091
2009-05-29 07:55:00

Some one-third of the planet's undiscovered natural gas reserves are likely located in territories belonging to Russia, said a recent report from researchers at the U.S. Geological Survey. "These findings suggest that in the future the"¦pre-eminence of Russian strategic control of gas resources in particular is likely to be accentuated and extended," said the study's lead author, Donald L. Gautier. Russia is already the world's dominant producer of natural gas, and these untapped...

2008-08-11 15:01:12

Arctic Oil & Gas Corp. (PINKSHEETS: AOAG), a petroleum exploration company, is pleased to announce that The Company is a co-applicant for a group of offshore OCS and State leases in the Santa Barbara Channel covering known oil-gas deposits estimated to contain between 250 million to 500 million barrels of oil and gas equivalent. These resources have minimal geological risks being identified plays in known petroleum fields. Eventually securing the leases will be subject to the State and...

2008-07-25 18:00:51

AROUND 90 billion barrels of oil and a third of the world's undiscovered natural gas lie beneath an area north of the Arctic Circle, according to a new survey. It accounts for about a fifth of the world's recoverable oil and natural gas reserves; 13% of the oil, 30% of natural gas and 20% of natural gas liquids. The US Geological Survey called the region, which includes parts of the United States, Russia and Canada, "the largest unexplored prospective area for petroleum remaining on...

2008-07-25 12:01:14

By Jad Mouawad The Arctic may contain as much as a fifth of the potential oil and natural gas reserves in the world, according to the U.S. Geological Survey, which has unveiled the largest-ever survey of petroleum resources north of the Arctic Circle. Oil companies have long suspected that the Arctic contained substantial energy resources, and have been spending billions recently to get their hands on tracts for exploration. As melting ice caps have opened up prospects that were once...

2008-07-25 12:01:14

By Jad Mouawad The race for petroleum resources above the Arctic Circle is likely to speed up in coming years, as the polar ice cap melts and access to oil and gas reserves in many other places around the world becomes more challenging. The lure of the Arctic as oil's next big frontier was vindicated this week as a major geological survey found the region might hold as much as a fifth of the world's yet to-be-discovered oil and natural gas reserves. Many of these new resources,...

1e389cc149e4f2b5d48080f68f6a3e401
2008-07-24 15:15:00

The U.S. Geological Survey said the Arctic may be brimming with 90 billion barrels of oil, more than all the known reserves of Nigeria, Kazakhstan and Mexico combined, and enough to supply U.S. demand for 12 years. The agency said one-third of the undiscovered oil is in Alaskan territory. A study released Thursday found by contrast; a geologic formation beneath the North Pole claimed by Russian scientists last year probably holds just 1.2 percent of the Arctic's crude. Energy giants Royal...

2008-07-24 09:01:06

By Joe Carroll Bloomberg News The Arctic may hold 90 billion barrels of oil, more than all the known reserves of Nigeria, Kazakhstan and Mexico combined, and enough to supply U.S. demand for 12 years, the U.S. Geological Survey said. One-third of the undiscovered oil is in Alaskan territory, the agency found in a study released Wednesday. By contrast, a geologic formation beneath the North Pole claimed by Russian scientists last year probably holds just 1.2 percent of the Arctic's crude,...

2008-07-23 21:00:33

WASHINGTON _ An estimated 90 billion barrels of undiscovered but technically recoverable oil _ three years of world consumption _ lie north of the Arctic Circle, the U.S. Geological Survey reported Wednesday. While the oil, along with vast quantities of natural gas, will be extremely difficult to tap, the promise is enough to make the frozen north the new _ and maybe last _ frontier for world energy producers. Undiscovered oil and gas are thought to be present based on geology and...

2008-07-23 18:00:48

The U.S. Geological Survey estimated the Arctic holds 13 percent of the world's undiscovered oil and 30 percent of its undiscovered gas, a report said. The report, the first U.S. government estimates of energy reserves in the area, could intensify the race for control of the polar regions among the United States, Russia, Norway, Canada, and Denmark, the Financial Times reported Wednesday. The reserves include 90 billion barrels of oil and 1.699 billion cubic feet of natural gas - a larger...


Word of the Day
glogg
  • Scandinavian punch made of claret and aquavit with spices and raisins and orange peel and sugar.
This word comes from the Swedish 'glogg,' which is an alteration of 'glodgat,' mulled (wine).
Related