Oil

Oil consists of various hydrocarbons. It is produced by the anaerobic decay of organic material under the surface of the earth. Both oil and gas can be extracted by drilling, they are lighter than water and they tend to rise from their sources when released from their underground pockets. Petroleum is mostly used for producing fuel oil and petrol. The burning of oil releases carbon dioxide into the atmosphere. Extraction of oil is costly and environmentally damaging. The top petroleum-producing countries are Saudi-Arabia, Russia, the United States and Iran.

ARTICLES
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[ 14.05.2013 ]
Norway’s Petroleum Safety Authority in danger of going soft on environmental crime
Bellona is calling for a debate on the role of Norway’s Petroleum Safety Authority (PSA) amid suggestions that only pressure from supervisory bodies compel the government agency to pursue critical legal investigations of environmental crimes.
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Lukoil

[ 03.04.2013 ]
Russia’s Lukoil says it will not drill in the Arctic
The vice president of Lukoil, Russia’s private oil company, second only in size to state-owned Rosneft, has said he “wouldn’t give a kopeck” toward Arctic oil exploration and development, according to comments he made to London’s Financial Times.
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Rosatomflot

[ 07.03.2013 ]
Russia’s zeal to bank on rising Arctic melt spurs concerns of likely ecological toll
MURMANSK – With the Arctic ice cover receding at alarming rates, freeing northern waterways to accommodate more sea-going traffic, Russia has been eager to start fully using the Northern Sea Route – a shipping corridor stretching along Russia’s vast northern coastline from the Barents Seain the country's northwest past Siberia all the way to the Far East – for commercial shipping: passing legislation, restoring a dedicated state supervisory agency, building a new nuclear icebreaker, and allocating money for new Arctic-based search and rescue missions… But has anyone accounted for the ecological risks of increased Arctic traffic?
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NEWS
[ 16.03.2010 ]
Russian coal: a new challenge

A roundtable discussion organised by the German Marshall Fund of the US (GMF) was held in Brussels last week. The roundtable discussed Russian coal production in the context of Dmitry Medvedev’s, President of the Russian Federation, announcement in November 2009 that Russia was looking to expand its coal-fired energy production by 26% in time for 2030 to meet rising domestic energy demands. A recent paper commissioned by the GMF finds that such demands could be met more cost-effectively through increased energy efficiency measures.

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[ 23.11.2008 ]
EC estimates 25 percent of untapped oil reserves in Arctic – and urges international environmental protections

According Benita Ferrero-Waldner, the European Commissioner responsible for External Relations and European Neighbourhood Policy, the Arctic zone could contain as much as 25 percent of the world’s untapped oil reserves, RosEnergy newswire reported

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[ 23.11.2008 ]
Russian Duma to create Northern environmental protection group

The Russian Duma has created a group focusing on the environmental problems of Russia’s far in response to the boomtown rush to tap the areas vast natural resources, specifically oil and gas, Russian media reported.

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