Norway moves to protect Arctic drilling site from Greenpeace protest

Norway's government says it has established a 500-meter safety zone around the site in the Barents Sea where Statoil (STO) is set to drill one of the world's northernmost wells; Greenpeace says the move is illegal.

A Greenpeace ship is still blocking the site after arriving yesterday ahead of STO's Transocean Spitsbergen rig which was headed there; Norwegian authorities had previously removed protesters who had boarded the rig itself earlier this week.

The rig is intended to drill the Apollo well ~175 km from the Bear Island nature reserve and 300 km north of Norway's mainland, in international waters.

From other sites
Comments (1)
  • nicholas davout
    , contributor
    Comments (2993) | Send Message
    Very civilized; there was a time when the Greenpeace ship would just have been declared a pirate vessel and sunk on sight. (sigh......)
    30 May 2014, 03:24 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs