Rhetoric VS. Reality
Policy-makers are talking a lot about energy and energy policy. What fallows are some of the most frequently heard claims and proposals, along with realities that need to be considered when evaluating these claims.
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Norwegian oil company boosts its Alaska offshore holdings
January 25, 2010
Anchorage Daily News
The Associated Press
OSLO, Norway -- Norwegian oil company Statoil ASA said Monday that its U.S. subsidiary has acquired a 25 percent share in 50 Conoco Phillips oil leases in the Chukchi Sea off Northwest Alaska in exchange for an undisclosed sum and shares in Statoil's Gulf of Mexico operations.
The move, which makes Statoil the fourth largest offshore presence in Alaska, is intended to improve the Norwegian company's experience in the area, Statoil spokeswoman Mari Dotterud said. The region is of growing interest to oil companies as retreating Arctic ice makes it easier to drill.
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