Norwegian Oil Firm Goes to Energy’s Last Frontier

Photo: StatoilHydro.

Photo: StatoilHydro.

HAMMERFEST, Norway — A Norwegian oil company has gone to the ends of the earth — almost literally — to get at some of the world’s last untapped energy resources.

StatoilHydro ASA operates a pioneering venture deep inside the Arctic Circle, energy’s final frontier. The company pumps natural gas from under the freezing waters of the Barents Sea, cools it into a liquid and exports it to Europe and the U.S.

Read article written by GUY CHAZAN on Wall Street Journal, click here.

Read more about Snøhvit, the first offshore development in the Barents Sea here.

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