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Drilling in the Canadian Arctic turned out to be challenging and expensive, particularly in the offshore where drilling required innovative technology. Short operating seasons complicated logistics for companies who had to contend with the additional risk of variable ice conditions. [1]
According to Biden, the environmental dangers of new offshore oil and gas drilling — and the knock-on effects for the fishing, recreation and tourism industries — outweigh the potential energy ...
The question of whether to drill for oil in the Arctic National Wildlife Refuge (ANWR) has been an ongoing political controversy in the United States since 1977. [1] As of 2017, Republicans have attempted to allow drilling in ANWR almost fifty times, finally being successful with the passage of the Tax Cuts and Jobs Act of 2017. [2]
Biden used the same authority in 2021 to restore protections for part of the Northern Bering Sea and again in 2023 to bar offshore drilling on 2.8 million acres in the Arctic Ocean.
Prirazlomnoye field is an Arctic offshore oilfield located in the Pechora Sea, south of Novaya Zemlya, Russia, the first commercial offshore oil development in the Russian Arctic sector. The field development is based on the single stationary Prirazlomnaya platform, which is the first Arctic-class ice-resistant oil platform in the world.
Photo credit: ConocoPhillips So far, Shell has spent $5 billion on its Arctic offshore drilling program. That investment has yet to turn up any oil, or deliver any returns to its investors. It's ...
Offshore drilling is a mechanical process where a wellbore is drilled below the seabed. ... the Arctic Ocean off the coasts of Alaska and Canada's Northwest ...
(Reuters) - President Joe Biden is set to ban new offshore oil and gas development across 625 million acres (250 million hectares) of U.S. coastal territory, Bloomberg News reported on Friday. The ...