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Vol. 13, No. 18 Week of May 04, 2008
Providing coverage of Alaska and northern Canada's oil and gas industry


$2.64 trillion please

Developing Russia’s Arctic offshore oil and gas will require trillions of dollars

Alan Bailey

Petroleum News

According to Russian estimates, Russia’s Arctic Ocean shelf could hold 580 billion barrels of oil equivalent in place, with a substantial component of that resource consisting of natural gas. That would amount to 25 percent of the world’s remaining hydrocarbon potential, Professor Anatoly Zolotukhin....

    [additional news subjects in this story]

Reserves replacement needed

Thousands of geologists, engineers needed

Harsh environment

Global climate is cooling

Business opportunities in Russia’s Arctic


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