Opportunities and challenges for Arctic oil and gas development /

As climate change renders the Arctic increasingly accessible, there has been a substantial uptick in industry interest in the region; it is believed an estimated $100 billion could be invested in the Arctic over the next decade.The Arctic contains vast oil and natural gas reserves - the U.S. Geological Survey estimates the Arctic could contain 1,670 trillion cubic feet (tcf) of natural gas and 90 billion barrels of oil, or 30 percent of the world's undiscovered gas and 13 percent of oil. Energy companies are certain to be at the forefront of Arctic development and investment.