Arctic exploration and production is heating up: Shell plans to resume drilling in the arctic offshore Alaska in 2015, and in the spring of 2015 the U.S. is assuming the leadership of the Arctic Council, an intergovernmental forum created to address the concerns to Arctic nations and the region’s indigenous peoples. Undiscovered Arctic oil and gas resources are huge, as are producing onshore fields. There are only a few producing fields in the offshore arctic, but that number could expand with planned drilling offshore Russia and Alaska.
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