Tag "Barents Sea"

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Europe Natural resources and energy

Norway still optimistic over Arctic oil

The drastic fall in oil prices has made petroleum explorations in the Barents Sea seemingly unprofitable. Yet, despite severe economic, technological and environmental concerns, the Norwegian government pushes for increased activities,

Economics International

Northeast Passage to revolutionize global shipping

Developing the Northeast Passage could revitalize Arctic regions, allow the shipping industry to bypass politically unstable areas and reduce travel costs and carbon emissions. But the project is dependent on

International Natural resources and energy

Russia plans to win the Arctic race

Russia’s behavior in the Arctic reveals a strong prioritization of national economy and energy security at the expense of environmental sustainability. This behavior has an important effect on the region, to