04/11/2013at 15:15

The Barents Sea new hot-spot for the oil industry

The Barents Sea is not only the most accessible region in the Arctic. It is also the new hot-spot for companies looking to get at the new resources in the region.

by DANIEL LOGAN

The open parts of the Barents Sea account for 1.5 times as much as the explored regions of the North Sea, but they are nowhere near as thoroughly explored. Now the big oil companies, with Shell, Statoil, and Conoco in the lead, are lining up to get access to the resources, says Offshore.no, which points at the Barents Sea as new, major oil hot-spot.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

IMO: Northern Sea Route the most important arctic route
For subscribers
Norwegian Dof Subsea awarded billion dollar contract
For subscribers
Analyst casts doubt over Arctic routes
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Front page now

Maersk CEO Vincent Clerc (left) and MSC CEO Søren Toft are following very different strategic directions. | Photo: Jacob Gronholt-pedersen/reuters/ritzau Scanpix og Jason Decrow/ap/ritzau Scanpix

Container

Maersk could be heading for a price war with MSC

After a profit of historic proportions in 2022, Maersk is facing a new reality this year, entailing a potential price war unleashed by the carrier’s partner in the disbanded 2M alliance, MSC, predicts Drewry.

For subscribers

Krisen på fragtmarkedet styrker DSV's position i forhold til rederierne: ”I og med at vi er en af de store aftagere af søfragt, har vi også et samarbejde med rederierne, som er strategisk og forankret i direktionen,” siger DSV's topchef, Jens Bjørn Andersen. | Foto: Lars Krabbe/Foto: Lars Krabbe/Ritzau Scanpix

Logistics

DSV to support box carriers that provided help during Covid chaos

For subscribers

Tanker

Countdown to clash over Euronav's board composition has begun

For subscribers

Maersk is heading for its second record profit, setting a new benchmark in Danish business history. | Foto: Jonas Walzberg/AP/Ritzau Scanpix

Container

Maersk on track to achieve record profit for second consecutive year

For subscribers

Offshore

Danish authorities suspending 23GW of offshore wind projects

For subscribers

Container

Maersk redirects traffic following earthquake

For subscribers

Fredriksen company raises funds for arbitration case against shipyard

Fredriksen-owned drilling contractor Northern Drilling has raised USD 10m to finance an arbitration case against a DSME yard in relation to annulled contracts.

For subscribers

Offshore

There aren't enough ships to install giant wind turbines across Asia

Offshore wind ambitions are big in Asia, but the region’s countries are faced with an increasing lack of vessels for wind turbine installation at sea.

For subscribers

Ports

European ports launch offshore wind collaboration

Last year marked the beginning of a new European collaboration, which has now prompted six wind ports to sign a deal on realizing offshore wind ambitions.

For subscribers