Norway Plans Record Number Of Arctic Oil Exploration Blocks

By Tsvetana Paraskova Norway’s government announced initial plans on Monday to open a record number of oil exploration blocks in the Barents Sea, sparking renewed criticism from environmental groups. Norway’s Ministry of Petroleum and Energy is proposing 102 blocks in the 24th licensing round, of which nine blocks are in the Norwegian Sea, and a record-high 93 blocks – in the Barents Sea. A considerable number of the blocks proposed in the Barents Sea are located north of the northernmost oil discovery in Norway. Norway will announce the final blocks…

Read Full Article Here

For more great articles: OilPrice.com Daily News Update

(Visited 9 times, 1 visits today)

Comments

comments



© 2014 RenewaNews