Arctic ///

Cook Inlet Federal Lease Sale yields more than $3 million in high bids

Cook Inlet Lease Sale 244 -- the first lease sale held in Alaska’s federal waters since 2008 -- garnered $3,034,815 in high bids for 14 tracts covering roughly 76,615 acres in Cook Inlet, off south-central Alaska. All bids were submitted by Hilcorp Alaska LLC.

Gazprom Neft, State Marine Technical University partner in technology advancements

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.

BOEM publishes final notice for June Cook Inlet lease sale

The Bureau of Ocean Energy Management (BOEM) today announced it will offer approximately 1.09 million acres off Alaska’s southcentral coast in a lease sale scheduled for June 21.

BSEE highlights Arctic collaborations on response technology possibilities

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.

Gazprom Neft reports 5 millionth tonne of oil produced at Novoportovskoye field

Total cumulative oil production at the Novoportovskoye field has now reached 5 million tonnes, the landmark tonne of crude being shipped by Gazprom Neft subsidiary Gazpromneft-Yamal on the Shturman Albanov tanker.

An unlikely Arctic oil boom has a lesson in progress for Trump

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.

Gazprom Neft drills first multi-hole "fishbone" well on Russian Arctic Shelf

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.

Exxon won't get drilling waiver for Russia, Treasury Chief says

Exxon Mobil Corp. won’t be allowed to bypass U.S. sanctions against Russia to resume drilling for oil in a joint venture that seeks to tap billions of barrels of that country’s crude.

Pipeline built to survive extremes can't bear slow oil flow

Here at the top of the world, January brought a glimpse of the anxious future facing Alaska’s once-mighty oil pipeline.

Gazprom Neft, ONGC to collaborate on offshore field development in the Arctic

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.

Lukoil develops new technology for Arctic oil spill response

LUKOIL has developed a new technique to respond to oil spills in the Arctic waters.

CERAWeek ’17: U.S. Senators Murkowski, Cornyn advocate for open trade, easing energy regulation

As President Trump’s administration continues to settle in, energy industry constituents in Alaska and Texas are watching closely, in hopes that the new staff will move forward with a common-sense regulatory approach, when it comes to E&P activities.

Lundin discovers oil in the Filicudi prospect, southern Barents Sea

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 expands production from Arctic platform

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 commissions new production wells at Prirazlomnoye field

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.

Republicans step up push for Arctic drilling in wildlife refuge

Far above the Arctic Circle, one of the longest-running controversies in U.S. oil drilling is about to reignite.

Canada rules out Arctic drilling extensions for Exxon and BP

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.

Imperial Oil, BP in limbo after Canada freezes Arctic drilling

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.

Obama said to use 1953 law to block drilling in Arctic, Atlantic

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 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.