Arctic ///

Lundin Petroleum announces oil discovery in the southern Barents Sea

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.

Obama said to block selling new drilling rights in U.S. Arctic

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.

Hebron mega-project on track for first oil offshore Newfoundland in 2017

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.

Developing Arctic resources requires relationships with local stakeholders, say panelists

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 Admin officials express support for Arctic oil and gas development

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.

Eni’s Norway troubles risk fueling fight against Arctic oil

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.

ONS 2016: Statoil tells ONS crowd that it continues to plan for exploitation of Barents Sea

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.

ONS 2016: Equipped for the new frontier challenges?

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.

Gazprom Neft commissions wells at Prirazlomnoye field on Russian Arctic Shelf

Gazpromneft Shelf, a subsidiary of Gazprom Neft, has brought two additional production wells (its third and fourth) into production at Prirazlomnoye field.

The last barrel

Roger Jordan, World Oil

It isn’t just about oil

API: Arctic rule could inhibit innovation and U.S. energy leadership

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).

Despite industry pleas, Obama imposes costly Arctic drill rules

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.

Production of Arctic resources benefits Alaska and the nation, Sen. Murkowski says

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.

National security experts weigh in on Arctic offshore energy development

On the eve of the conclusion of the Department of the Interior’s public consultation on its proposed Outer Continental Shelf Oil and Gas Leasing Program for 2017-2022, a group of foreign policy and national security leaders have submitted formal comments for the record in support of retaining the two Arctic leasing areas in the final program.

Arctic oil, gas leases get support from new bill

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.

Gazprom Neft confirms first shipment of Yamal oil via sea terminal

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.

Offshore drilling foes invoke 1953 law to prod Obama on U.S. ban

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.

Alaska’s congressional delegation presses Interior on OCS development

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.

Big Oil abandons $2.5 billion in U.S. Arctic drilling rights

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.

Subsea processing: A holistic approach to subsea development

Tine Bauck Irmann-Jacobsen, Forsys Subsea

Advances in technology are enabling the discovery of, and access to, offshore hydrocarbon reserves previously thought uneconomical. However, many viable-but-challenging projects are put on hold because of uncertainties about their feasibility, high start-up costs, and long lead times. To solve these problems, several holistic subsea processing systems have been created to enhance field economics.