Cairn Energy's Stena Forth Drillship. Cairn EnergyFrom Popular Mechanics:
Massive deposits could one day make Inuits the Saudis of the north.
They've found oil in Greenland. The success of a massive deep-water drilling rig operated by Cairn Energy, a Scottish company, could mean that the world's newest oil-and-gas rush is underway, this time in one of the globe's most remote, rugged and pristine locations. For Americans used to hearing about huge fossil fuel deposits in Venezuela, Nigeria, Saudi Arabia, Russia and other locations that are politically unstable or intermittently antagonistic toward the West, this could come as welcome news. Greenland is a lightly inhabited arctic wilderness administered for now by the unthreatening Scandinavian country of Denmark. The territory is counting on oil and mineral development to fund a gradual move toward independence, and the discovery is being cheered in Nuuk, Greenland's capital.
Read more ....
No comments:
Post a Comment