U.S./Canada ///

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.

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.

The last barrel

Roger Jordan, World Oil

It isn’t just about oil

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.

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.

Murkowski calls for adaptable Arctic leasing structure after Shell, Statoil exit Alaska offshore

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.

Statoil exits Alaska following exploration results in neighboring leases

The leases in the Chukchi Sea are no longer considered competitive within Statoil’s global portfolio, so the decision has been made to exit the leases and close the office in Anchorage, Alaska.

Regional Report: The Arctic

Mike Slaton, Contributing Editor

Prices, sanctions and environmental politics chill the air

U.S. cancels remaining Arctic offshore lease sales under Obama

In light of current market conditions and low industry interest, the U.S. Department of the Interior announced Friday that it will cancel the two potential Arctic offshore lease sales scheduled under the current five-year offshore oil and gas leasing program for 2012-2017.

Energy issues

William J. Pike, World Oil

Arctic: The real deal

Shell's Arctic withdrawal adds to cold spell for Alaskan crude

HOUSTON (Bloomberg) -- Alaska, once the workhorse of the U.S. oil industry, is being put out to pasture.

Shell’s Alaska exit means Arctic oil reserves remain locked away

The inglorious end to Royal Dutch Shell Plc’s $7 billion search for oil in Alaska means billions of barrels of crude will probably remain locked away in Arctic waters from the U.S. to Russia -- at least as long as prices remain near $50/bbl.

Why native Alaskans support Shell's Arctic drilling

Many native Alaskans depend on the oil business—many work directly for the industry—and welcome Shell's exploration.