Cold Front

Freedman, Michael
November 2006
Forbes Asia;11/13/2006, Vol. 2 Issue 19, p88
The article focuses on the plan of Statoil to find oil and gas sources in the Arctic. Geologists say at least 25 percent of the world's undiscovered oil and gas reserves could lie underneath these icy waters, a claim that has spurred a race to the Arctic by oil companies like Eni, Total and ConocoPhillips, followed quickly by oil services firms and ship manufacturers. Snøhvit has 6.8 trillion cubic feet of natural gas, but it is situated 90 miles offshore and 1,000 feet underwater.


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