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.
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.
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.
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.
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—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.
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.
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.
March saw the 10-millionth barrel of oil produced at Prirazlomnoye oil field—located on the Russian Arctic Shelf in the Pechora Sea and currently under development by Gazpromneft Shelf.
A revised production schedule for Gazprom Neft’s Prirazlomnoye field has seen the field’s peak production period increased from three years to five.
Eni has started production at Goliat field, 85 km northwest of Hammerfest, Norway. The field lies within Production License 229, in an ice-free area in the Barents Sea.
Proposed changes to federal rules regulating oil and natural gas activity on the Outer Continental Shelf and in the Arctic are necessary to create a predictable regulatory framework that supports safe exploration and American leadership in the Arctic, U.S. Sen. Lisa Murkowski (R – Alaska) said Tuesday.
The millionth tonne of oil has been produced at Prirazlomnoye field, Gazprom Neft, the field’s operator, said. Part of a consignment dispatched on the Mikhail Ulyanov tanker, it will be delivered to customers in North West Europe in early December.