Sky News: Oil Firms ‘Will Overcome Arctic Challenges’

Despite hostile conditions and intense environmental opposition, the Arctic is set to become a key global oil supplier as demand for fossil fuels continues to rise, analysts have said.

The region’s role in meeting future energy needs has been highlighted once again with news that Edinbugh-based Cairn Energy had found “early indications of a working hydrocarbon system” with its first well in Greenland.
But while the indications look positive for locating oil and gas, retrieving it will present huge difficulties for oil and gas producers.

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