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Statoil chief casts doubt on Arctic oil production potential

Posted on 31 October 2013

Statoil’s chief executive played up the Norwegian oil company’s positions in what he called “the workable Arctic”, in Norway and eastern Canada, while casting doubt over imminent success in other parts of the polar region.
Arctic oil exploration has been hit by a series of bad headlines after Royal Dutch Shell and Cairn Energy spent billions of dollars with disappointing results in Alaska and Greenland respectively……………………………….Full Article: Source


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