Where the Arctic Oil Industry Is Booming - Bloomberg
▻https://www.bloomberg.com/news/features/2017-05-03/where-the-arctic-oil-industry-is-booming
The town of Hammerfest, Norway, is the hub for Arctic oil drilling.
Photographer: Mark Edward Harris/Getty Images
With the oil industry barely recovering from its most brutal slump in decades, you might expect the Arctic Ocean to be the last place explorers would hunt for new discoveries.
The Barents Sea off Norway’s northern tip is different.
Norwegian authorities expect companies including Lundin Petroleum AB and OMV AG to drill a record 15 wells in the Barents this year.
