February 15, 2017
Explorers look set to drill a record number of wells in Norway’s Arctic waters this year, undeterred by oil prices apparently stuck below $60/bbl.
February 13, 2017
Lundin Petroleum announced that it has made an oil and gas discovery in the main well 7219/12-1 and is presently drilling a sidetrack 7219/12-1A on the Filicudi prospect.
January 30, 2017
Gazprom Neft has met its annual production targets at the Prirazlomnaya offshore platform, with a total 2,154,000 tonnes of ARCO (Arctic Oil) being produced at the field in 2016—a more than 2.5-fold increase on 2015 volumes.
January 06, 2017
The Canadian government says it won’t grant extensions to exploration licenses for Exxon Mobil, BP and other oil firms as it prepares for consultations over the impact of an Arctic drilling moratorium.