Arctic ///

ANWR could boost U.S. oil supplies, but it's going to be a while

Don’t hold your breath waiting for oil from ANWR.

Total takes 10% stake in Russia's Arctic LNG 2 from Novatek

Total SA will take 10% stake in a multi-billion-dollar liquefied natural gas project in Russia’s frozen north from Novatek PJSC.

Senator eyes oil tax to punish Canada over Alaska drilling clash

As Alaska’s congressional delegation worked feverishly last year to achieve the decades-long dream of drilling for oil in the Arctic National Wildlife Refuge, they came across a formidable opponent: Canada.

BP, Alaska Gasline Development Corp. sign binding gas sales agreement

The Alaska LNG Project reached a historic milestone today as BP Alaska and Alaska Gasline Development Corporation (AGDC) announced the parties have agreed to key terms of a gas sales agreement, including price and volume.

BHGE awarded Statoil contract to provide turbomachinery equipment to Johan Castberg field

Baker Hughes, a GE company, has been awarded by Statoil Petroleum AS and Aker Solutions a contract to provide turbomachinery equipment for the topside structure for the floating production, storage and offloading vessel (FPSO) to be located at Johan Castberg field in the Barents Sea.

Lundin Norway begins drilling for extended well testing of Alta discovery

Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS has commenced drilling well 7220/11-5 on the Alta discovery in PL609 in the southern Barents Sea. Following drilling, the well will be used for extended well testing.

BOEM to open call for information, nominations for proposed Beaufort Sea lease sale

The Bureau of Ocean Energy Management (BOEM) has announced it will publish in the Federal Register a call for information and nominations covering a proposed lease sale in Alaska’s Beaufort Sea Planning Area in 2019.

Statoil awards Kværner the contract for the Johan Castberg topsides

The contract includes the construction and installation of the topside structure for the floating production, storage and offloading vessel (FPSO) to be located on the Johan Castberg field in the Barents Sea. The contract has a total value of about NOK 3.8 billion.

Aker Solutions to deliver modules for Johan Castberg FPSO

Aker Solutions will as a subcontractor of Kvaerner deliver modules for the floating production, storage and offloading (FPSO) vessel for the Statoil-operated Johan Castberg development, the largest oil discovery in the Norwegian Barents Sea.

Hope wanes for "elephant" oil discoveries in Norway's Arctic

After a disappointing year for drillers, Norwegian authorities are reviewing their hopes for the Nordic country’s hottest exploration area.

BSEE oversees spudding of new oil well in Arctic

New oil exploration in Arctic federal waters is underway this week with the spudding of a new oil well from an existing man-made island in the Beaufort Sea.

New survey shows ​huge increase in recoverable energy resources in Alaska

U.S. Secretary of the Interior Ryan Zinke ​released an updated resource assessment​ for​ the National Petroleum Reserve in Alaska (NPR-A), the Western Beaufort Sea, adjacent State and Native lands, and State waters​,​​ which estimates the mean undiscovered, technically recoverable resources both on and offshore to include 17.6 Bbbl of oil and more than 50 Tcf of gas.

Drilling in Arctic refuge could see further delays, despite tax bill

Congress is close to lifting a 40-year-old ban on energy development in Alaska’s Arctic National Wildlife Refuge, but drilling for oil in that frozen wilderness may still be years away as the effort faces exhaustive environmental reviews and likely lawsuits.

Russia wins in Arctic after U.S. fails to kill giant gas project

Building the $27 billion Yamal LNG project meant shipping more than 5 million tons of materials to construct a plant 600 km north of the Arctic circle.

PSA: Eni to resume production at Goliat

Following an overall assessment, the Petroleum Safety Authority Norway (PSA) has determined that the order which required a shutdown of Goliat has now been complied with. This means that operator Eni Norge (Eni) can bring the field back on stream.

Arctic refuge drilling to get speedy permit review, U.S. says

The Trump administration has a plan in place to speed up permit reviews for drilling in Alaska’s Arctic National Wildlife Refuge if Congress approves exploration there, an advisor to the U.S. Interior Department said Thursday.

Aker Solutions to design Johan Castberg FPSO accommodation unit

Aker Solutions won a contract from Sembcorp Marine to design the living quarters for the Johan Castberg development's floating production, storage and offloading vessel (FPSO).

SBM Offshore awarded turnkey contract for Johan Castberg turret mooring system

SBM Offshore has announced that the Company has been awarded the contract and received the corresponding notice from Statoil to proceed with the engineering, procurement, construction (EPC) work scope for a large-scale turret mooring system for its Johan Castberg development.

Arctic oil rush abates in Norway after exploration letdown

Oil exploration in Norway’s Arctic seems to have lost some of its appeal after a disappointing drilling campaign.

Statoil greenlights key $6-billion Norway Arctic oil project

Statoil gave the final go-ahead to a flagship Arctic oil project after slashing costs by half.