Arctic
News
March 03, 2015
President Barack Obama said a decision on whether to approve the Keystone XL pipeline is possible in weeks or months.
News
March 03, 2015
WPX Energy is trimming its company-wide workforce by approximately 8% and consolidating most of its regional office staff in Denver, Colorado, together with personnel at the company’s headquarters in Tulsa, Oklahoma.
News
February 27, 2015
Following the sanction of the Peregrino phase 2 project in December, Statoil together with its partner Sinochem, has submitted the Plan of Development (PoD) to the National Agency of Petroleum, Natural Gas and Biofuels in Rio de Janeiro on Jan. 30.
News
February 26, 2015
Seadrill, the offshore driller controlled by billionaire John Fredriksen, said fourth-quarter profit fell by a third as low oil prices weaken demand for rigs, forcing it to delay the delivery of new units and consider lowering rates on existing contracts.
News
February 25, 2015
McDermott International and Petrofac have formed a strategic marketing alliance to pursue top-tier deepwater subsea, umbilical, riser and flowline (SURF) projects.
News
February 24, 2015
Lime Petroleum Norway has entered into an agreement with Tullow Oil Norge to acquire an additional 20% stake in licenses PL591, PL591B and PL591C in the Norwegian Sea.
News
February 24, 2015
Lundin Petroleum, through its wholly owned subsidiary Lundin Norway, has signed a farm-out agreement with Lime Petroleum Norway, whereby Lime Petroleum will acquire a 30% working interest in PL338C.
News
February 24, 2015
Statoil, on behalf of the Johan Sverdrup partnership, is to sign a contract with Aibel for the construction of the deck for the drilling platform on the field.
News
February 24, 2015
AGR has won a further contract award for its well intelligence software solution, iQx, with Lukoil Overseas North Shelf AS. The contract value is $130,000 (1 million NOK).
News
February 23, 2015
Talisman Energy has received consent from the Petroleum Safety Authority Norway for exploration drilling of well 15/12-24.
News
February 23, 2015
On Feb. 21, Statoil and its partners started up production from Oseberg Delta 2 in the North Sea. The field’s recoverable reserves are estimated at 77 MMboe.
News
February 23, 2015
The Arctic is an essential piece of our energy equation and vital to keeping America’s status as a world leader in energy, so API is carefully reviewing proposed Arctic offshore regulations, said API Director of Upstream Erik Milito.
News
February 20, 2015
Gazprom Neft has made its first ever winter shipment of oil from the Novy Port (Novoportovskoye) field on the Yamal Peninsula.
News
February 20, 2015
The Norwegian Petroleum Directorate (NPD) has announced preliminary production figures for January 2015 indicating an average daily production of about 1,931,000 bopd, NGL and condensate.
News
February 20, 2015
At the start of this year, Holmatro and its Norwegian dealer EIVA-SAFEX jointly supplied 64 cylinders, each with a capacity of 536 tons, to the Statoil operated tension-leg platform (TLP) Snorre A.
News
February 19, 2015
The Norwegian Petroleum Directorate has granted Statoil Petroleum a drilling permit for wildcat well 6706/12-2 in PL128.
News
February 19, 2015
U.S. Sen. Lisa Murkowski, R-Alaska, Chairman of the Senate Energy and Natural Resources committee, and Sen. Heidi Heitkamp, D-N.D., have joined with 19 of their Senate colleagues on a bipartisan letter to U.S. Commerce Secretary Penny Pritzker encouraging the administration to authorize oil exports to Mexico under the same conditions established for exports to Canada.
News
February 17, 2015
OSLO (Bloomberg) -- Oil exploration in Norway’s Arctic waters will be cut by half this year as state-controlled Statoil ASA halted drilling in the Barents Sea after crude prices plunged.
News
February 17, 2015
U.S. and European suppliers to the oil industry are still able to seek work in Russia’s Arctic despite sanctions designed to limit their involvement because the rules don’t apply to foreign subsidiaries.
News
February 16, 2015
The Norwegian Petroleum Directorate has announced that BG Group, operator of production license 373 S, is in the process of completing the drilling of wildcat wells 34/3-4 S and 34/3-4 A. The wells were dry.
News
February 16, 2015
Norway's Petroleum Safety Authority has now given BP Norge consent for gas lift at Valhall IP.
