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.
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.
Gazprom Neft subsidiary Gazpromneft-Shelf has commissioned two new production wells at Prirazlomnoye field, bringing the total number of wells in operation at the Prirazlomnaya platform—the only oil production project on the Russian Arctic Shelf—to 10.
Far above the Arctic Circle, one of the longest-running controversies in U.S. oil drilling is about to reignite.
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.
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.
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.
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.
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.
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.
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.
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.
A series of mishaps at the world’s northernmost producing oil field shows Norway’s plan to boost its flagging production by tapping the Arctic Ocean may not be so easy.
Some professionals in the global oil and gas industry might think that with oil prices continuing to perform at sub-par levels, all thought of exploiting Arctic plays like the Barents Sea has ceased. But that’s just not true, according to Statoil Executive V.P. Tim Dodson.
Sub-zero temperatures, high seas, strong winds and low daylight present their own unique challenges for the offshore sector. Conditions can be tough in the frontier areas opening up in the Norwegian Sea and the Barents Sea—which may call for specialized equipment and robust offshore personnel.
Gazpromneft Shelf, a subsidiary of Gazprom Neft, has brought two additional production wells (its third and fourth) into production at Prirazlomnoye field.
API Upstream and Industry Operations Director Erik Milito issued the following statement on the U.S. oil and natural gas industry’s concerns with the Arctic Rules Package, issued by the Bureau of Safety and Environmental Enforcement (BSEE) and the Bureau of Ocean Energy Management (BOEM).
Energy companies that hunt for crude in icy Arctic waters will have to stash extra equipment nearby and take other potentially costly steps meant to prevent oil spills in the fragile, remote region under regulations the Obama administration imposed Thursday.
U.S. Sen. Lisa Murkowski, R-Alaska, has underscored the criticality of oil and gas production in the Arctic Outer Continental Shelf (OCS) to Alaska and the entire nation.