Exxon Strikes Arctic Oil As a New Cold War Casts a Chill

The video discusses the discovery of oil in the Arctic by Russia's Russneft and Exxon Mobil, potentially more than in the Gulf of Mexico. However, US sanctions prevent Exxon from continuing operations with Russia in the Arctic. The video details the logistical challenges and high costs of Arctic exploration, including a complex journey to the drilling site. Despite operational difficulties and impending winter, Russia plans to continue drilling. The stakes are high for both companies, with Exxon's significant prospects in Russia hindered by sanctions. The video concludes with the uncertain future of Arctic drilling and the impact of geopolitical tensions.

Describe the journey and logistics involved in reaching the oil rig in the Arctic.

What are the implications of sanctions on the joint venture between Rosneft and Exxon?