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Arctic Resources Race
The Arctic resources race is the competition between global entities for newly available natural resources of the Arctic. Under the United Nations Convention on the Law of the Sea, United Nations Convention of the Law of the Sea, five nations have the legal right to exploit the Arctic's natural resources within their exclusive economic zones: Canada, Russia, Denmark, Norway, and the United States (though the U.S. has yet to ratify the treaty, it considers the treaty to be customary international law and abides by it). In the early 21st century, controversies about the Arctic region and its resources created greater potential for conflicts between nations that have long had conflicting Territorial claims in the Arctic, territorial claims and differing opinions of how to manage the area. The Arctic region is also home to an estimated 400,000 Circumpolar peoples, indigenous people. If the ice continues to melt at the current rate, then these indigenous people are at risk of being displ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Natural Resources Of The Arctic
The natural resources of the Arctic are the mineral and animal natural resources which provide or have potential to provide utility or economic benefit to humans. The Arctic contains significant amounts of minerals, boreal forests, marine life, and fresh water. Hydrocarbons The United States Geological Survey estimates that 22 percent of the world's oil and natural gas could be located beneath the Arctic. Russia's undiscovered petroleum is estimated between 67 billion tons of oil equivalent (BTOE) according to the United States Geological Survey and 142 BTOE according to the Russian Academy of Sciences (in 2011, the world consumed 13 BTOE of energy, 31% from oil and 21% from natural gas). Russia's vast energy resources account for 52% of the Arctic totals and Norway's for 12%. Norway, which has been extracting petroleum in the North Sea since the 1970s, in the 2010s expected new discoveries in the Barents Sea. As of 2013 Russia was exporting 88% of crude oil via pipelines, with a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russian Arctic
The Extreme North or Far North (russian: Крайний Север, Дальний Север) is a large part of Russia located mainly north of the Arctic Circle and boasting enormous mineral and natural resources. Its total area is about , comprising about one-third of Russia's total area. Formally, the regions of the Extreme North comprise the whole of Chukotka Autonomous Okrug, Kamchatka Krai, Magadan Oblast, Murmansk Oblast and Sakha, as well as certain parts and cities of Arkhangelsk Oblast, Irkutsk Oblast, Khabarovsk Krai, Komi Republic, Krasnoyarsk Krai, Republic of Karelia, Sakhalin Oblast, Tuva, Tyumen Oblast, as well as all islands of the Arctic Ocean, its seas, the Bering Sea, and the Sea of Okhotsk. Due to the harsh conditions of the area, people who work there have traditionally been entitled by the Russian government to higher wages than workers of other regions. As a result of the climate and environment, the indigenous peoples of the area have developed certa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Dutch Shell
Shell plc is a British multinational oil and gas company headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange (LSE) and secondary listings on Euronext Amsterdam and the New York Stock Exchange. It is one of the oil and gas "supermajors" and by revenue and profits is consistently one of the largest companies in the world. Measured by both its own emissions, and the emissions of all the fossil fuels it sells, Shell was the ninth-largest corporate producer of greenhouse gas emissions in the period 1988–2015. Shell was formed in 1907 through the merger of Royal Dutch Petroleum Company of the Netherlands and The "Shell" Transport and Trading Company of the United Kingdom. The combined company rapidly became the leading competitor of the American Standard Oil and by 1920 Shell was the largest producer of oil in the world. Shell first entered the chemicals industry in 1929. Shell was one of the " Seven Sisters" whi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Statoil
Equinor ASA (formerly Statoil and StatoilHydro) is a Norwegian state owned enterprise, state-owned multinational energy company headquartered in Stavanger. It is primarily a petroleum company, petroleum company, operating in 36 countries with additional investments in renewable energy. In the 2020 Forbes Global 2000, Equinor was ranked as the 169th-largest public company in the world. the company has 21,126 employees. The current company was formed by the 2007 merger of History of Statoil (1972–2007), Statoil with the Hydro Oil & Gas, oil and gas division of Norsk Hydro. As of 2017, the Government of Norway is the largest shareholder with 67% of the shares, while the rest is public stock. The ownership interest is managed by the Ministry of Petroleum and Energy (Norway), Norwegian Ministry of Petroleum and Energy. The company is headquartered and led from Stavanger, while most of their international operations are currently led from Fornebu, outside Oslo. The name ''Equinor'' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goliat Field
Goliat field is an offshore oil field in the Norwegian sector of the Barents Sea. It is located northwest of Hammerfest. The license is owned by Vår Energi AS (operator, 65%) and Equinor ASA (35%). It was awarded in 1997. Oil was discovered in 2000. The field development concept was approved by the Government of Norway on 8 May 2009. The field will be developed by using Goliat FPSO, a floating production storage and offloading unit A floating production storage and offloading (FPSO) unit is a floating vessel used by the offshore oil and gas industry for the production and processing of hydrocarbons, and for the storage of oil. An FPSO vessel is designed to receive h .... Goliat field has two main formations (Kobbe and Realgrunnen) and two minor formations (Snadd and Klappmyss). Recoverable reserves are . The production was expected to start in summer 2015 on Goliat oil platform, but this was delayed. Production started in April 2016. Goliat is the nor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gazprom
PJSC Gazprom ( rus, Газпром, , ɡɐzˈprom) is a Russian majority state-owned multinational energy corporation headquartered in the Lakhta Center in Saint Petersburg. As of 2019, with sales over $120 billion, it was ranked as the largest publicly listed natural gas company in the world and the largest company in Russia by revenue. In the 2020 ''Forbes'' Global 2000, Gazprom was ranked as the 32nd largest public company in the world. The Gazprom name is a contraction of the Russian words ''gazovaya promyshlennost'' (, gas industry). In January 2022, Gazprom displaced Sberbank from the first place in the list of the largest companies in Russia by market capitalization. Gazprom is vertically integrated and is active in every area of the gas industry, including exploration and production, refining, transport, distribution and marketing, and power generation. In 2018, Gazprom produced twelve percent of the global output of natural gas, producing 497.6 billion cubic meters ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pechora Sea
Pechora Sea (russian: link=no, Печо́рское мо́ре, or Pechorskoye More), is a sea at the northwest of Russia, the southeastern part of the Barents Sea The Barents Sea ( , also ; no, Barentshavet, ; russian: Баренцево море, Barentsevo More) is a marginal sea of the Arctic Ocean, located off the northern coasts of Norway and Russia and divided between Norwegian and Russian territo .... The western border of the sea is off Kolguyev, Kolguyev Island, while the eastern border is the western coasts of Vaygach Island and the Yugorsky Peninsula, and the northern border the southern end of Novaya Zemlya. The Pechora Sea is quite shallow, its average depth being only 6 m. The deepest point reaches 210 m. In the southern part of the sea runs the eastward-flowing Kolguyev Current. There are a few islands close to the coast, the largest of which is Dolgiy Island. The Pechora Sea is blocked by floating ice from November to June. The main river entering the sea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prirazlomnaya
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. Commercial drilling was planned to begin in early 2012, however it was delayed at least until the Spring of 2013 due to protester's "safety concerns". Safety concerns have been raised about Prirazlomnoye platform, citing use of decommissioned equipment (the 1984 TLP upper section of the rig), however Gazprom's oil spill response plan for Prirazlomnaya was renewed in 2014, and most questions found its answers. The Arctic Prirazlomnoye field produced the 10 millionth barrel of Russian North Arctic Oil in March 2016. History The field was discovered in 1989. In 1993, the development license was issued to Rosshelf, a subsidiary of Gazprom, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brookings Institution
The Brookings Institution, often stylized as simply Brookings, is an American research group founded in 1916. Located on Think Tank Row in Washington, D.C., the organization conducts research and education in the social sciences, primarily in economics (and tax policy), metropolitan policy, governance, foreign policy, global economy, and economic development. Its stated mission is to "provide innovative and practical recommendations that advance three broad goals: strengthen American democracy; foster the economic and social welfare, security and opportunity of all Americans; and secure a more open, safe, prosperous, and cooperative international system." Brookings has five research programs at its Washington campus: Economic Studies, Foreign Policy, Governance Studies, Global Economy and Development, and Metropolitan Policy. It also established and operated three international centers in Doha, Qatar (Brookings Doha Center); Beijing, China (Brookings-Tsinghua Center for Public P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Reserves
An oil is any polarity (chemistry), nonpolar chemical substance that is composed primarily of Hydrocarbon, hydrocarbons and is hydrophobe, hydrophobic (does not mix with water) & lipophilicity, lipophilic (mixes with other oils). Oils are usually flammable and surfactant, surface active. Most oils are unsaturated lipids that are liquid at room temperature. The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal fats, animal, vegetable oil, vegetable, or petrochemical in origin, and may be Volatility (chemistry), volatile or non-volatile. They are used for food (e.g., olive oil), fuel (e.g., heating oil), medical purposes (e.g., mineral oil), lubrication (e.g. motor oil), and the manufacture of many types of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies and rituals as purifying agents. Etymology First attested in English 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barents Sea
The Barents Sea ( , also ; no, Barentshavet, ; russian: Баренцево море, Barentsevo More) is a marginal sea of the Arctic Ocean, located off the northern coasts of Norway and Russia and divided between Norwegian and Russian territorial waters.World Wildlife Fund, 2008. It was known among Russians in the Middle Ages as the Murman Sea ("Norse Sea"); the current name of the sea is after the historical Netherlands, Dutch navigator Willem Barentsz. The Barents Sea is a rather shallow Continental shelf, shelf sea, with an average depth of , and it is an important site for both fishing and hydrocarbon exploration.O. G. Austvik, 2006. It is bordered by the Kola Peninsula to the south, the shelf edge towards the Norwegian Sea to the west, and the archipelagos of Svalbard to the northwest, Franz Josef Land to the northeast and Novaya Zemlya to the east. The islands of Novaya Zemlya, an extension of the northern end of the Ural Mountains, separate the Barents Sea from the Kar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fennoscandia
__NOTOC__ Fennoscandia (Finnish language, Finnish, Swedish language, Swedish and no, Fennoskandia, nocat=1; russian: Фенноскандия, Fennoskandiya) or the Fennoscandian Peninsula is the geographical peninsula in Europe, which includes the Scandinavian Peninsula, Scandinavian and Kola Peninsula, Kola peninsulas, mainland Finland, and Karelia. Administratively this roughly encompasses the mainlands of Finland, Norway and Sweden, as well as Murmansk Oblast, much of the Republic of Karelia, and parts of northern Leningrad Oblast in Russia. Its name comes from the Latin words ''Fennia'' (Finland) and ''Scandia'' (Scandinavian). The term was first used by the Finnish geologist Wilhelm Ramsay in 1898. Geologically, the area is distinct because its bedrock is Archean granite and gneiss with very little limestone, in contrast to adjacent areas in Europe. The similar term Fenno-Scandinavia is sometimes used as a synonym for Fennoscandia. Both terms are sometimes used in Englis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
