Latest Petroleum exploration in the Arctic Stories
'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.
Some one-third of the planetâ€™s undiscovered natural gas reserves are likely located in territories belonging to Russia, said a recent report from researchers at the US Geological Survey.
Arctic Oil & Gas Corp.
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.
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.
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 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.
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.
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.
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.
- Emitting flashes of light; glittering.