OULU: Scientists are now looking into the potential for electricity production wined from geothermal energy reservoirs in Svalbard. Further, they are considering the possibility of combining this with carbon dioxide capture and storage.
The company EMGS intends to conduct electromagnetic scanning of more than 3000 square kilometres of the Barents Sea. The studies will make the oil companies more precise knowledge about resources in the area, the company says.
In a surprise move, the Norwegian government yesterday halted plans for the collection of seismic data in the Lofoten waters in northern Norway. Sensitive relations with the fish industry in the region is the reason, the minister of oil and energy admits
A researcher at the University of Oslo believes Norway should establish a new state-owned oil company for Arctic projects. The new company could help secure better control with exploration in the vulnerable Arctic waters, he argues.