• 4 minutes Ten Years of Plunging Solar Prices
  • 7 minutes Hydrogen Capable Natural Gas Turbines
  • 10 minutes World looks on in horror as Trump flails over pandemic despite claims US leads way
  • 13 minutes Large gas belt discovered in China
  • 1 hour Would bashing China solve all the problems of the United States
  • 4 hours Model 3 cheaper to buy than BMW 3 series.
  • 15 mins Thugs in Trumpistan
  • 7 hours China To Boost Oil & Gas Exploration, As EU Prepares To Commit Suicide
  • 5 hours Pompeo's Hong Kong
  • 6 hours Yale University Epidemiologist Publishes Paper on Major Benefits of Hydroxchloroquine for High-risk Outpatients. Quacksalvers like Fauci should put lives ahead of Politics
  • 1 hour China’s Oil Thirst Draws an Armada of Tankers
  • 4 hours Coronavirus hype biggest political hoax in history
  • 18 hours US-China tech competition accelerates: on Friday 05/15 new sanctions on Huawei, on Monday 05/18 Samsung chief visits China
  • 1 day COVID 19 May Be Less Deadly Than Flu Study Finds
  • 3 hours Chicago Threatens To Condemn - Possibly Demolish - Churches Defying Lockdown
  • 17 hours Income report showing potential future spending and economic growth
  • 19 hours The CDC confirms remarkably low coronavirus death rate. Where is the media?
Why The World’s Largest Asset Manager Has Seen Its Shares Soar

Why The World’s Largest Asset Manager Has Seen Its Shares Soar

Blackrock, the world’s largest asset…

2 Hot Hydrogen Stocks Right Now

2 Hot Hydrogen Stocks Right Now

Despite all the hype around…

James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

Exxon & Rosneft Plan to Drill for Oil in Old Soviet Nuclear Dumping Ground

It has been well documented that oil majors from around the world are looking at oil exploration in the Arctic, where they believe that some of the largest untapped fields in the world still lie. Environmentalists have been fighting efforts to start exploring for oil, fearing that any serious oil spill could mean the destruction of one of the last pristine wildernesses on the planet.

In the Kara Sea, where Exxon Mobil and Rosneft are planning to drill a region which is estimated to hold enough oil to supply the world for five years, environmentalists have a new reason to fear for the environment; nuclear radiation.

The Kara Sea is so remote that the Soviet Union used it as a dumping ground for radioactive material for more than 25 years. The two oil companies have avoided calls for the nuclear waste, estimated to consist of over 17,000 barrels of radioactive waste, worn-out reactors, and even an old nuclear submarine, to be cleared up before any exploration takes place.

Scientists from the Norwegian Radiation Protection Authority (NRPA) will soon present the results from their first survey in the area for 18 years, to determine whether or not the radiation is stable or increasing.

Rosneft released a statement to try and reassure the public that “all ecological and nature protection norms are being followed at the same time,” using “the the best world practices available.”

The most dangerous item down on the sea floor in that area is the K-27 nuclear submarine, which was dumped their by the Soviet navy in 1981. The NRPA said that any significant corrosion could damage the ships reactor and cause an environmental disaster.

RELATED: Big Oil Funding U.S. Politics

Per Strand, a director at the NRPA, warned that “there might be a hypothetical possibility that the spent nuclear fuel in the reactor in extreme situations can cause an uncontrolled chain reaction, which can lead to heat and radioactivity releases.”

Igor Kudrik, an ecologist from Norwegian campaign group Bellona, suggests that “oil companies should make sure that the area is swiped clean of nuclear waste before they start any oil exploration activity.”

By. James Burgess of Oilprice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News