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UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
China's CNOOC teams up with Icelandic company to explore for oil in the Arctic
CNOOC, the Chinese oil company, is to explore for oil in the Arctic in partnership with a small Icelandic energy company Eykon Energy to bid for licences to look for oil off the northeast coast of Iceland, Eykon needed an international partner if it wanted to succeed in its bid for a licence to explore around Jan Mayen. Iceland has unique importance to China as it attempts to gain a foothold in the Arctic, where melting ice is opening passages for shipping and could create a boom in extraction of resources such as gas, oil, diamonds, gold and iron.
Abstract details
Journal title: Daily Telegraph
Countries: Iceland -
Organisation: China National Offshore Oil Corporation|Eykon Energy
Subjects: Oil and gas extraction, Primary energy production, Offshore oil and gas, Offshore production
