U.S.: Arctic Oil Deposits May Be Ours, All Ours
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New mapping data that shows Alaska's continental shelf extending farther out to sea than previously believed may bolster U.S. claims to oil and gas reserves contained in areas currently the subject of an international dispute.
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By H.JOSEF HEBERT  WASHINGTON - The Interior Department has agreed to temporarily abandon the sale of oil leases in an environmentally sensitive area surrounding Lake Teshekpuk on Alaska's North Slope.
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Russia's natural resources minister said Monday that foreign companies would be welcome to help develop offshore oil fields, the same day a senior U.S. diplomat expressed concern about the minister's earlier statement that foreign access to oil and gas deposits would be limited.
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In a win for environmentalists, the   U.S. Interior Department says it is willing to withdraw   sensitive wetlands from a large area in Alaska's western Arctic   region that it wanted to open next week to oil and natural gas   drilling.
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Total will develop one of the worldâs largest natural gas deposits offshore in the Arctic with Russiaâs gas giant Gazprom, despite the risk of nationalization.
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The U.S. Congress comes back to town  next week to sift through the pieces of the latest oil patch  disaster -- pipeline corrosion that threatened to shut down the  giant Prudhoe Bay oil field in Alaska.
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Lease sales could produce 15 billion barrels of oil, but environmentalists say drilling would threaten already melting habitat.
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Crude oil from the 1989 Exxon Valdez spill still lingers in Alaska's Prince William Sound and nearby areas, with parts of the environment still far from recovery, several scientists said at a three-day conference.
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Denmark aims to claim the North Pole and hunt for oil in high Arctic regions that may become more accessible because of global warming, the Science Ministry said on Monday.
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The Bureau of Land Management could go ahead with plans to allow drilling in a sensitive area near Teshekpuk Lake on the North Slope, an agency spokeswoman said.
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The terms of a proposal to develop and ship North Slope gas have Alaskans up in arms.
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In a win for environmentalists, the  U.S. Interior Department says it is willing to withdraw  sensitive wetlands from a large area in Alaska's western Arctic  region that it wanted to open next week to oil and natural gas  drilling.
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PRUDHOE BAY, Alaska, Aug. 31 -- BP officials are increasingly optimistic that Prudhoe Bay oil production may return to normal levels earlier than they initially expected. A portion of the pipeline idled by corrosion concerns may be useable at least temporarily, they said, while other questionable...
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An accelerating thaw of the Arctic may open vast regions for oil and gas exploration but that brings worries of spills in the fragile environment, experts said on Thursday.
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A tiny speck of pebbles found off the northern coast of Greenland could open up a new front in the looming battle for control of the Arctic and the North Pole.
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WASHINGTON--Two of Alaska&#39;s three major oil companies have offered cautious optimism about the potential for a North Slope natural gas pipeline under incentive packages approved Monday by Congress.
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VANKOR FIELD, Russia  - Half a century ago, Josef Stalin banished his foes to labor camps in East Siberia. Now volunteers are lining up to drill the frozen wastelands for their vast reserves of oil.