Arcticportal News
Statoil considers to leave West Greenland
Shipping News
Written by Federica   
Tuesday, 28 January 2014 08:23

A pipeline in the Arctic (Photo: Getty Image) Pipelines (Photo: Getty Image) Norway’s biggest energy company Statoil is considering quitting west Greenland in an effort to cut costs. The exploration licences are something the company is thinking about giving up as they are extremely expensive. Head of exploration

Tim Dodson explained that Statoil plans to be pickier about where it explores in the future because of factors such as cost and risk profile.

If the company opts to exit the region it would come as a blow to Greenland, which wants Statoil help it pump its first crude oil. Greenland has been left disappointed in the past, with Cairn Energy Plc spending in the region of $1bn in 2011 but failing to make any discoveries.

Statoil revealed earlier in the month that it was looking to reduce its spending in the long-run after outlaying a record $19bn in 2013. However, Dodson said that the company would spend about the same on exploration this year as it did last year.

Rising costs coupled with lower profitability are hindering producers. Last week, Royal Dutch Shell Plc issued its first profit warning in 10 years with earnings in the fourth quarter down from a year earlier.

Shell operates two of Statoil’s exploration licences in west Greenland, while Cairn Energy operates the 30 per cent Statoil-owned licence in Pitu, where it is currently considering drilling.

Source: IceNews

Additionally, click here to read more about Statoil explorations in East Greenland

 
What happened to the winter?
Shipping News
Written by Federica   
Monday, 27 January 2014 11:13

Mild weather and rain melted much of the snow in south-central Alaska (Photo: Getty Images) Mild weather and rain melted much of the snow (Photo: Getty Images)

A ridge of high pressure over western North America is allowing warm air from the subtropics to flow all the way up to Alaska, bringing with it unprecedented heat to places like Fairbanks, which has seen temperatures as high as 6°C. Normally, the daytime high is around -17°C.

 

The antics of the jet stream, a major weather engine across the US, have been the culprit behind the much talked-about 'polar vortex', which has sent Arctic weather as far south as the US Gulf Coast and given Texans a chance to play in the snow.

 

While weather stations in the Lower 48 have broken or tied more than 2,600 records for cold this winter so far, Alaska has broken or tied more than 20 daily temperature records for warmth.

 

Too warm to sled

Warm weather has shut down ski slopes and caused some road problems. It is also jeopardising a centrepiece of Alaskan culture and commerce.

 

A qualifying race for Alaska's Iditarod Trail Sled Dog Race, the annual long-distance sledge dog race run in early March from Anchorage to Nome, has been canceled due to the warm weather. It was the second mid-distance Iditarod qualifier to be called off this winter.

 

Mild weather and rain melted much of the snow in south-central Alaska. And as temperatures rose to 6°C in Anchorage on Friday, race organisers called off the event.

 

Source: ArcticJournal

 

Additionally, click here to read about Alaska's disappearing permafrost as consequence of warmer temperatures.

 
Start-up Energy Reykjavik to be facilitated
Other News
Written by Magdalena Tomasik   
Thursday, 23 January 2014 09:42

(Photo: Startup Energy Reykjavik) The Open Day, January 16th 2014 (Photo: Startup Energy Reykjavik) The Open Day, January 16th 2014 Iceland Geothermal Cluster which is a national network of organizations within the geothermal energy sector in Iceland will be facilitating the promising energy investment program, Startup Energy Reykjavik alongside Klak Innovit.


Startup Energy Reykjavik is a mentorship-driven seed stage investment program with focus on energy-related business ideas. Anyone with a business idea can apply as long as the proposal is related to the energy sector, either directly or indirectly.

 

The annual event consists of a 10-week long program in Reykjavik, Iceland where selected companies or ideas receive $40,000 USD in seed funding. Founders are also provided with a place to work at Reykjavik University, ten weeks of intensive mentorship, and the chance to pitch to angel investors and venture capitalists at the Investor Day event at end of the program.

 

Startup Energy Reykjavik was founded by Landsvirkjun, Arion Bank, GEORG and Innovation Center Iceland in December 2013. The Investor Day will be held on May 30th 2014.

Today, the initiative offers more than 50 mentors and tutoring program.

 

Startup Energy Reykjavik officially opened for applications last week. All details about the program and the application procedures can be found here. The deadline for the applications is 16th of February 2014.

 

Additionally, click here for more information about the geothermal energy sector in Iceland. 

 

 

Source: IceNews
 
 
 
 
Science session starts today
Other News
Written by Magdalena Tomasik   
Wednesday, 22 January 2014 10:35

(Photo: M.Tomasik) Mingling at the FRAM Center, Arctic Frontiers 2013 (Photo: M.Tomasik) Mingling at the FRAM Center, Arctic Frontiers 2013 Today, 22nd of January 2014 Arctic Frontiers conference opens its science session. This year´s theme: ´´Humans in the Arctic´´ will highlight current environmental and economic threats to peoples living in the High North.


First plenary session was officially opened by Martin Forties, Executive Director of Arctic Net, Canada and Kirsten Broch Mathisen from the Research Council of Norway.


The day today will focus on human health in the Arctic and challenges caused by difficult cool climate.


Lectures will touch upon Arctic shipping with special focus on search and rescue operations, dealing with injuries and cold immersion in the Arctic conditions.


The Arctic Frontiers has developed to become international venue for scientists, policy makers and general public to address developments in the Northern Hemisphere.


Today´s science session will end at 17.00 (GMT+1). After the day of lectures, the conference participants will be welcomed for the evening program.


Click here for the science session program.

 
Registration still open for science section
Other News
Written by Magdalena Tomasik   
Tuesday, 21 January 2014 09:34

arctic frontiersThe Arctic Frontiers that have been taking place since Sunday, 19th of January.


The first 2 days of the conference has sold out and it is now not possible to register for the Policy Section of the conference.


The policy section will be made available in English, Norwegian and Russian via live internet broadcast.


A few places remain for the science section of the conference. Evening events and hotel places are also reaching capacity.

 

Click here to register for the science section.


Arctic Frontiers is an international arena addressing development in the Arctic. The conference discusses how upcoming opportunities and challenges may be handled to ensure viable economic growth and societal and environmental sustainability.


Annually the conference attracts more than 1000 participants from 25 Arctic and non-arctic countries, representing science, business, politics, and civil society. The conference takes place in the Norwegian city of Tromsø, historically known as the Arctic Gateway.

 
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