Davis Strait estimated that at least 13% of the world's undiscovered oil deposits and 30% of the world's undiscovered gas pockets are located in the Arctic, with the seas around Greenland potentially holding large amounts of natural gas and lesser amounts of crude oil and natural gas liquids. This has led Greenland's minister and provincial council to offer a large number of off-shore concessions to potential hydrocarbon (oil and gas) extraction. The largest concessions areas are located in seas west of Greenland, primarily the Davis Strait and Baffin Bay, but with several smaller concessions in the Greenland Sea in the east also.
Icy Strait Icy Strait The Icy Strait is a strait in the Alexander Archipelago in southeastern Alaska, at about . The strait separates Chichagof Island to the south and the Alaska mainland to the north. The strait is from its west side at the intersection of the Cross Sound and Glacier Bay to its east side at Chatham Strait and the Lynn Canal. The two largest islands in the strait are Pleasant Island and Lemesurier Island. The Cape Spencer Light is an important former lighthouse and currently active aid-to-navigation. The cruise ship "Empress of the North" ran aground near Rocky Island and