Arctic
News
June 01, 2017
Gazprom Neft has signed a strategic partnership agreement with the State Marine Technical University of St. Petersburg. The document is to support their joint development of domestic technologies to develop the Russian Continental Shelf.
News
May 10, 2017
The Bureau of Safety and Environmental Enforcement provided the latest details on its efforts to improve oil spill response technologies at the Arctic Oil Spill Response Research and Technology Workshop April 26.
News
May 03, 2017
With the oil industry barely recovering from its most brutal slump in decades, you might expect the Arctic Ocean to be the last place explorers would hunt for new discoveries.
News
April 25, 2017
The first-ever, multi-hole “fishbone” well involving multiple horizontal branches has been drilled and commissioned at the Prirazlomnaya offshore rig — the only project on the Russian Arctic shelf at which commercial oil production is currently ongoing.
News
March 30, 2017
Gazprom Neft and India’s ONGC Videsh Ltd. have used the International Arctic forum ‘Arctic: Territory of Dialogue’, currently taking place in Arkhangelsk, to announce the signing of a Memorandum of Understanding, which confirms the companies’ mutual intent in joining forces for implementation of offshore hydrocarbon production projects in Russia and elsewhere in the world.
News
March 29, 2017
LUKOIL has developed a new technique to respond to oil spills in the Arctic waters.
News
March 29, 2017
Russia can wait for a sustained recovery in oil prices before drilling again in Arctic waters, relying for now on less costly regions even as rival producer Norway accelerates development of its northerly fields.
News
March 16, 2017
The Interior Department is weighing Eni SpA’s request to explore for oil in waters north of Alaska, giving the Trump administration a chance to reverse course from former President Barack Obama’s attempt to curtail Arctic drilling.
News
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.
News
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.
News
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.
News
January 20, 2017
Far above the Arctic Circle, one of the longest-running controversies in U.S. oil drilling is about to reignite.
News
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.
News
December 23, 2016
Energy firms including Imperial Oil and BP will get a year of consultations to hash out the fate of their rights in Canada’s Arctic after Prime Minister Justin Trudeau’s drilling freeze set the stage for a dispute over license extensions.
News
December 19, 2016
President Barack Obama is preparing to block the sale of new offshore drilling rights in much of the U.S. Arctic and parts of the Atlantic, a move that could indefinitely restrict oil production there, according to two people familiar with the decision.
News
November 22, 2016
Lundin Petroleum announce that its subsidiary, Lundin Norway AS (Lundin Norway), has completed the Neiden exploration well 7220/6-2R as an oil and gas discovery. The well is located in Block PL609, approximately 60 km northeast of the Alta discovery on the Loppa High, in the southern Barents Sea.
News
November 16, 2016
The Obama administration is set to block the sale of new oil and gas drilling rights in U.S. Arctic waters under a five-year blueprint, handing a victory to environmentalists who said the activity threatened whales, walruses and other wildlife in the region.
News
October 28, 2016
Exxon Mobil’s senior manager for the Hebron oil field development project, 217 mi southeast of St. John’s, said earlier this week that work remains on schedule, and he also outlined some of the design challenges that engineers have faced.
News
October 28, 2016
At the Arctic Technology Conference hosted by the OTC group of associations earlier this week in St. John’s, Newfoundland and Labrador, one group of panelists discussed how the industry must engage local stakeholders, if they hope to develop frontier areas successfully.
News
October 26, 2016
Obama Administration officials and former leaders of U.S. Armed Forces expressed support for Arctic oil and gas development at an Atlantic Council event on Geopolitics, Security, and Energy in the Arctic, sponsored by the Arctic Energy Center, yesterday afternoon.
