Category Archives: Natural Resources

Russia and Norway Reach Accord on Arctic Border

The leaders of Russia and Norway resolved a 40-year-old dispute over dividing the Barents Sea and part of the Arctic Ocean into clear economic zones extending to the edge of Europe’s northern continental shelf. The agreement could herald oil and … Continue reading

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India’s richest mineral belt to be explored and mapped

RANCHI, India: The National Mineral Development Corporation (NMDC) has offered to do free mapping of mineral reserves of Jharkhand through exploration.  NMDC CMD Rana Som, said there is a huge area which needs to be explored to find out the … Continue reading

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Arctic May Boost Oil and Gas Reserves

The first-ever comprehensive assessment of Arctic oil and gas deposits reveals that 13% of the world’s undiscovered oil and 30% of its undiscovered natural gas could be trapped beneath the far north’s barren land and icy waters. The potential resources … Continue reading

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Oslo sets limit on Arctic seabed, short of North Pole

Ice breaks away from a frozen coastline near the Norwegian Arctic town of Longyearbyen, April 23, 2007. Norway became the first Arctic state to agree limits to its northern seabed, stopping short of the North Pole in a regional territorial … Continue reading

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