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.
Fury and Hecla Strait Fury and Hecla Strait Fury and Hecla Strait is a narrow (from ) channel of water located in the Qikiqtaaluk Region of Nunavut, Canada. Situated between Baffin Island to the north and the Melville Peninsula to the south, it connects Foxe Basin on the east with the Gulf of Boothia on the west. The first European to see it was William Edward Parry in 1822. It used to be always covered in ice, making the navigation difficult. The first transit (west to east) was by icebreaker in the middle of the 20th century. In the summer of 2016 the strait