Energy

Australian oil company buys into Arctic Alaska fields

Oil Search Ltd. said Wednesday that it had acquired Alaska North Slope properties from Denver-based Armstrong Oil and Gas, including a stake in the newly discovered Nanushuk field near the Colville River Delta.

Doubts remain about Norway’s ability to earn money from Arctic oil

Controversies about Norway’s oil-drillings off the coast of Finnmark continue as Minister of Petroleum and Energy, Terje Søviknes, this week failed to answer questions about when the country will get a net cash flow from the Goliat oil field.

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