Subscribe free to our newsletters via your
. Oil and Gas News .




OIL AND GAS
Statoil completes exploration season in Barents Sea
by Daniel J. Graeber
Stavanger, Norway (UPI) Nov 7, 2014


disclaimer: image is for illustration purposes only

Though few commercial discoveries were made, Norwegian energy company Statoil said Friday it showed it can work safely in remote parts of the Barents Sea.

Statoil announced it completed its exploration season in remote arctic waters of the Barents Sea, one of the more prolific campaigns in the company's history.

Irene Reummelhoff, senior vice president for exploration on the Norwegian continental shelf, said the campaign resulted in fewer commercial discoveries than expected, though the program still had its victories.

"We have tested a great variety of geological plays in frontier areas and dramatically increased our knowledge with the huge amount of subsurface data we have collected," she said in a statement. "We have also demonstrated that we can operate in a safe and efficient manner in the remote parts of the Barents Sea."

Activists with the environmental group Greenpeace had said the limited success of Statoil's program indicated the campaign in frontier waters of the Barents Sea wasn't worth the risk.

Many of the discoveries declared by Statoil in untested waters were characterized as small. Greenpeace said much of Statoil's campaign was endangering a vulnerable seabird habitat.

"Statoil should concentrate its resources on preparing the company for a carbon free future and not burn them on trying to extract expensive and dangerous arctic oil," Truls Gulowsen, program manager for Greenpeace in Norway, said in a statement sent to UPI. "Statoil's Arctic venture is simply useless adventurism to the detriment of the climate and the environment."

More than a dozen Greenpeace demonstrators took part in a protest against Statoil's drilling plans for arctic waters by boarding the Transocean rig Spitsbergen in May. Around half of them surrendered their campaign voluntarily and Statoil said the seven activists who remained behind were arrested by Norwegian police

Reummelhoff said the company would analyze data collected from the frontier campaign to decide how to move forward in the region.

"Exploring in the Barents Sea is not a sprint, but a marathon," she said. "It is about long-term thinking, stamina and systematic building of knowledge."


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








OIL AND GAS
Syrian army retakes Shaer gas field from IS: state TV
Damascus (AFP) Nov 06, 2014
Syrian troops backed by pro-regime militiamen recaptured the Shaer gas field in central Homs Thursday, state television reported, a week after Islamic State group jihadists overran parts of it. Citing a military source, state television said the forces had recaptured the field and the surrounding area. The report was also confirmed by the Syrian Observatory for Human Rights monitoring group. ... read more


OIL AND GAS
Limiting short-lived pollutants cannot buy time on CO2 mitigation

British electric grid may shut factories if strained in winter

Climate: EU set for 24% emissions cut by 2020

Durable foul-release coatings control invasive mussel attachment

OIL AND GAS
New way to make batteries safer

Rice chemists gain edge in next-gen energy

A new generation of storage ring

Chinese power companies pursue smart grids

OIL AND GAS
DARPA's EZ BAA Cuts Red Tape to Speed Funding of New Biotech Ideas

New process transforms wood, crop waste into valuable chemicals

Engineered bacteria pumps out higher quantity of renewable fuel

Boosting Biogasoline Production in Microbes

OIL AND GAS
Drone suspects detained near French nuclear plant released

China's largest uranium mine reports more deposits

Germany faces suits worth billions over nuclear phase-out

Chernobyl NPP: building the future of nuclear power safety

OIL AND GAS
France, US lead alarm at climate report

Time running out to reach 2 C target: UN climate panel

Past Climate Change Was Caused by the Ocean, Not Just the Atmosphere

UN climate summit will fail unless US sets big goal: EU

OIL AND GAS
Dongfeng, Huawei partner for Internet-enabled cars

Electric car revs to world record in Switzerland

Hyundai, Kia to pay $100 million over fuel economy suit

Toyota racing to record profit, but China flashing red signal

OIL AND GAS
Iraq top diplomat in Turkey to heal wounds post-Maliki

Shiites mark holy day in defiance of jihadists

US prepares to send military advisers to western Iraq

Shiites head to Iraq's Karbala under jihadist threat

OIL AND GAS



The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.