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Factors influencing future oil and gas prospects in the Arctic

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  • Harsem, Øistein
  • Eide, Arne
  • Heen, Knut

Abstract

The article explores oil and natural gas development in the Arctic. While several commentators have argued that an increase in Arctic petroleum production in the years to come will follow directly from an increased demand for energy, our study finds that oil and natural gas production in the Arctic is dependent on a range of variables. By using climate-driven changes as a baseline, we examine spill-over effects and conditions that are important for further Arctic hydrocarbon production. Using the available literature from different scientific fields, this article provides a broad and nuanced perspective on the much debated question of whether or not the Arctic will become a region driven by oil and gas production.

Suggested Citation

  • Harsem, Øistein & Eide, Arne & Heen, Knut, 2011. "Factors influencing future oil and gas prospects in the Arctic," Energy Policy, Elsevier, vol. 39(12), pages 8037-8045.
    • Handle: RePEc:eee:enepol:v:39:y:2011:i:12:p:8037-8045
    DOI: 10.1016/j.enpol.2011.09.058
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    Cited by:

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    2. Leroux, Justin & Spiro, Daniel, 2018. "Leading the unwilling: Unilateral strategies to prevent arctic oil exploration," Resource and Energy Economics, Elsevier, vol. 54(C), pages 125-149.
    3. Kumar, Sourabh & Kumar Barua, Mukesh, 2022. "Modeling and investigating the interaction among risk factors of the sustainable petroleum supply chain," Resources Policy, Elsevier, vol. 79(C).
    4. Kushlin, Valery Ivanovich (Кушлин, Валерий Иванович) & Ustenko, V.S. (Устенко, В.С.), 2016. "Analysis of International Experience of Intensification of Scientific and Innovative Activity in the Modern Unstable Conditions [Анализ Международного Опыта Активизации Научно-Инновационной Деятель," Working Papers 2832, Russian Presidential Academy of National Economy and Public Administration.
    5. Tuomas Kiiski & Tomi Solakivi & Juuso Töyli & Lauri Ojala, 2018. "Long-term dynamics of shipping and icebreaker capacity along the Northern Sea Route," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 20(3), pages 375-399, September.
    6. Elena S. Balashova & Elizaveta A. Gromova, 2017. "Norwegian Experience as a Promising Measure for the Russian Energy System Development," International Journal of Energy Economics and Policy, Econjournals, vol. 7(3), pages 31-35.
    7. Fanny Groundstroem & Sirkku Juhola, 2019. "A framework for identifying cross-border impacts of climate change on the energy sector," Environment Systems and Decisions, Springer, vol. 39(1), pages 3-15, March.
    8. Faury, Olivier & Cheaitou, Ali & Givry, Philippe, 2020. "Best maritime transportation option for the Arctic crude oil: A profit decision model," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 136(C).
    9. Mendes, Pietro A.S. & Hall, Jeremy & Matos, Stelvia & Silvestre, Bruno, 2014. "Reforming Brazil׳s offshore oil and gas safety regulatory framework: Lessons from Norway, the United Kingdom and the United States," Energy Policy, Elsevier, vol. 74(C), pages 443-453.
    10. Schaeffer, Roberto & Szklo, Alexandre Salem & Pereira de Lucena, André Frossard & Moreira Cesar Borba, Bruno Soares & Pupo Nogueira, Larissa Pinheiro & Fleming, Fernanda Pereira & Troccoli, Alberto & , 2012. "Energy sector vulnerability to climate change: A review," Energy, Elsevier, vol. 38(1), pages 1-12.
    11. Dudin, Mikhail N. (Дудин, Михаил) & lyasnikov, Nikolai V. (Лясников, Николай) & Protsenko, Oleg D. (Проценко, Олег) & Tsvetkov, Valery A. (Цветков, Валерий), 2017. "Quantification and Risk Assessment of Hydrocarbon Resources Development Projects in the Arctic Region [Квантификация И Оценка Рисков Проектов Добычи Углеводородных Ресурсов В Арктике]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 4, pages 168-195, August.
    12. Botelho, Tatiana & Magrini, Alessandra & Schaeffer, Roberto, 2014. "Plumbing the depths: Utilizing O&G reserve profiles to develop forward-looking risk assessments for exploration and production activities," Energy Policy, Elsevier, vol. 69(C), pages 489-500.
    13. Matthew Berman & Robert W. Orttung, 2020. "Measuring Progress toward Urban Sustainability: Do Global Measures Work for Arctic Cities?," Sustainability, MDPI, vol. 12(9), pages 1-15, May.
    14. Kumar, Sourabh & Barua, Mukesh Kumar, 2022. "A modeling framework and analysis of challenges faced by the Indian petroleum supply chain," Energy, Elsevier, vol. 239(PE).
    15. Frederiksen, Anders & Kadenic, Maja Due, 2016. "Mining in Arctic and Non-Arctic Regions: A Socioeconomic Assessment," IZA Discussion Papers 9883, Institute of Labor Economics (IZA).
    16. Kara J. Pitman & Jonathan W. Moore & Matthias Huss & Matthew R. Sloat & Diane C. Whited & Tim J. Beechie & Rich Brenner & Eran W. Hood & Alexander M. Milner & George R. Pess & Gordan H. Reeves & Danie, 2021. "Glacier retreat creating new Pacific salmon habitat in western North America," Nature Communications, Nature, vol. 12(1), pages 1-10, December.

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    Keywords

    Arctic; Oil; Gas;
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