Arctic
News
June 17, 2016
Congressman Devin Nunes (CA-22), chairman of the House Permanent Select Committee on Intelligence, introduced a bill in the House of Representatives encouraging the Department of the Interior to advance its plan to sell two leases for energy development in the Arctic.
News
May 31, 2016
A formal ceremony marking the first year-round shipment of Yamal oil via the Arctic Gates oil-loading terminal took place last week at the Cape Kamenny settlement in Russia's Yamal Peninsula.
News
May 24, 2016
Environmental activists who dangled from bridges and paddled kayaks around an Arctic rig have a new strategy for stopping oil development off U.S. coasts: persuading President Barack Obama to use a 1953 law to bar offshore drilling permanently.
News
May 18, 2016
Alaska’s congressional delegation—Sens. Lisa Murkowski and Dan Sullivan and Rep. Don Young—has sent a letter to Interior Secretary Sally Jewell urging the Department to keep all three lease sales proposed for Alaska’s OCS in the Bureau of Ocean Energy Management’s (BOEM) final Five-Year Program for the years 2017 to 2022.
News
May 10, 2016
After plunking down more than $2.5 billion for drilling rights in U.S. Arctic waters, Royal Dutch Shell, ConocoPhillips and other companies have quietly relinquished claims they once hoped would net the next big oil discovery.
News
March 23, 2016
March saw the 10-millionth barrel of oil produced at Prirazlomnoye oil field—located on the Russian Arctic Shelf in the Pechora Sea and currently under development by Gazpromneft Shelf.
News
March 17, 2016
A revised production schedule for Gazprom Neft’s Prirazlomnoye field has seen the field’s peak production period increased from three years to five.
News
March 13, 2016
Eni has started production at Goliat field, 85 km northwest of Hammerfest, Norway. The field lies within Production License 229, in an ice-free area in the Barents Sea.
News
December 01, 2015
Proposed changes to federal rules regulating oil and natural gas activity on the Outer Continental Shelf and in the Arctic are necessary to create a predictable regulatory framework that supports safe exploration and American leadership in the Arctic, U.S. Sen. Lisa Murkowski (R – Alaska) said Tuesday.
News
December 01, 2015
The millionth tonne of oil has been produced at Prirazlomnoye field, Gazprom Neft, the field’s operator, said. Part of a consignment dispatched on the Mikhail Ulyanov tanker, it will be delivered to customers in North West Europe in early December.
News
November 17, 2015
The leases in the Chukchi Sea are no longer considered competitive within Statoil’s global portfolio, so the decision has been made to exit the leases and close the office in Anchorage, Alaska.
News
October 28, 2015
Royal Dutch Shell Plc made its second major strategic change in as many months, saying it will take a $2 billion charge as it shelves an oil-sands project in Alberta after walking away from an Arctic drilling program.
News
October 16, 2015
In light of current market conditions and low industry interest, the U.S. Department of the Interior announced Friday that it will cancel the two potential Arctic offshore lease sales scheduled under the current five-year offshore oil and gas leasing program for 2012-2017.
News
October 12, 2015
North Energy has signed a sale and purchase agreement with Pure E&P Norway, whereby North Energy sells its 10% interest in PL 708 to Pure.
News
October 07, 2015
A re-injection well has been brought into operation on the Prirazlomnaya ice-resistant offshore platform, following drilling operations by Russia’s Gazprom Burenie, Gazprom Neft announced Tuesday.
News
October 01, 2015
Lundin Norway, a subsidiary of Lundin Petroleum has successfully completed the drilling of appraisal wells 7220/11-3 and 7220/11-3 A on the eastern flank of the Alta discovery in PL609.
News
September 29, 2015
HOUSTON (Bloomberg) -- Alaska, once the workhorse of the U.S. oil industry, is being put out to pasture.
News
September 29, 2015
The inglorious end to Royal Dutch Shell Plc’s $7 billion search for oil in Alaska means billions of barrels of crude will probably remain locked away in Arctic waters from the U.S. to Russia -- at least as long as prices remain near $50/bbl.
News
September 14, 2015
An engineering, procurement and construction contract for the Johan Sverdrup gooseneck spool and retrofit hot-tap tee has been awarded to IKM Ocean Design by Statoil on behalf of pipeline operator Gassco.
News
August 21, 2015
Gazprom Neft has brought its second well into production at Prirazlomnoye field, with output totaling 1,800 tonnes per day.
News
August 18, 2015
Royal Dutch Shell won permission to fully drill a well for oil in the Arctic waters off Alaska for the first time in three years.
