A decision by Statoil to end a campaign in the arctic waters of the Barents Sea shows it never should have drilled there in the first place, Greenpeace said. Norwegian energy company Statoil said it ended its campaign in the frontier Hoop area of the Barents Sea. Small volumes of hydrocarbons were encountered, but nothing in the way of a commercial discovery. The drilling program was the target of a Greenpeace protest aimed at highlighting the risks of operating in the pristine arctic environment. The Hoop reserve area is near Bear Island, a unique island ecosystem that Greenpeace said would be spoiled should a spill occur in the area. Truls Gulowsen, director of the Norwegian branch of Greenpeace, said dry wells in the Hoop area suggest it’s the arctic environment itself that’s rejecting the presence of oil companies like Statoil. “The licenses should never have been awarded in the […]