Arctic
News
November 19, 2025
Alaska oil output is set for its biggest annual jump since the 1980s. New EIA data show North Slope production climbing 13% in 2026, driven by fast-ramping barrels from ConocoPhillips’ Nuna project and Santos/Repsol’s Pikka Phase 1 development.
News
November 14, 2025
The Trump administration has finalized its rollback of drilling restrictions across the 23 million-acre National Petroleum Reserve–Alaska, reopening vast Arctic areas with an estimated 8.7 billion barrels of resources.
News
November 10, 2025
Glenfarne Alaska LNG and Baker Hughes have signed definitive agreements to advance the Alaska LNG Project, with Baker Hughes providing key compression and power equipment and making a strategic investment in the development.
News
November 06, 2025
ConocoPhillips has increased the projected cost of its Willow development on Alaska’s North Slope to as much as $9 billion, citing inflation and higher construction expenses. First oil is expected in early 2029, marking a key update to one of the largest U.S. Arctic energy projects.
News
October 30, 2025
An independent petroleum reserves and resources evaluation has confirmed world-class hydrocarbon potential in Greenland’s Jameson Land basin, identifying more than 13 billion barrels of prospective recoverable oil resources across 58 prospects.
News
September 11, 2025
Pelican, Greenland Exploration, and March GL have merged to form Greenland Energy, advancing oil and gas drilling in Greenland’s Jameson Land Basin, a region long considered one of the most promising undrilled hydrocarbon basins in the Arctic.
News
June 30, 2025
Russia’s sanctioned Arctic LNG 2 project raised production to record levels during the last days of June as the facility appears to have resumed loading cargoes. The facility located above the Arctic Circle is key for Russia’s ambition to triple LNG production by 2030.
News
September 24, 2024
The two countries have overlapping claims to the seabed north of Alaska, Yukon and Northwest Territories, which is thought to contain significant oil reserves. The Arctic is also a region that has become increasingly accessible and has drawn greater interest from Russia and China.
News
May 08, 2024
Located above the Arctic circle and about 240 km (150 miles) northwest of Europe’s biggest liquefied natural gas production facility at Hammerfest, the Johan Castberg field is estimated to hold between 450 - 650 MMbbl of oil.
News
December 22, 2023
The so-called Extended Continental Shelf covers about 1 million square kilometers (386,100 square miles), predominantly in the Arctic and Bering Sea, an area of increasing strategic importance where Canada and Russia also have claims.
News
February 02, 2023
The Biden administration telegraphed it could support a scaled-back drilling plan at ConocoPhillips’s proposed Willow project in northwest Alaska, even as it cited “substantial concerns” with the oil development and warned of further restrictions to limit its impact on wildlife and the climate.
News
January 04, 2023
The proposed carbon storage hub would be connected to a transportation line that would initially gather captured CO2 from an anticipated 14 oil sands facilities in the Fort McMurray, Christina Lake and Cold Lake regions.
Article
September 2022
Drilling should pick up steam this year, gaining more than 18%, as nearly all regions will see activity increase. Development should thrive, as the world looks for additional sources of crude oil and natural gas.
News
June 20, 2022
Russia’s Rosneft PJSC is proceeding with its flagship Vostok Oil project in the Arctic, Chief Executive Officer Igor Sechin said, just over a week after a key partner announced it’s exiting the development over the invasion of Ukraine.
News
February 16, 2022
Scientists have deployed a network of seismometers onto Antarctica’s Brunt Ice Shelf in an experiment which will test the ability of the instruments to operate on icy moons of the Solar System.
Article
November 2021
Different answers
News
September 23, 2021
The Arctic LNG 2 is located in Gydan, Northern Russia and is one of the world's largest LNG projects under construction today with a total capacity of 3 x 6.6 million tons per annum.
News
September 07, 2021
India’s top energy companies, Petronet LNG Ltd. and ONGC Videsh Ltd., are having discussions about buying a stake in Russia’s planned liquefied-gas project Arctic LNG 2 as their government seeks to secure supplies of the cleaner burning fuel.
News
August 31, 2021
Norway, Western Europe’s biggest oil producer, has more than 50% of its recoverable resources still in the ground, according to the Norwegian Petroleum Directorate. The Barents Sea probably holds most of that, yet there’s only one oil field and one gas field currently producing.
News
August 19, 2021
The Trump administration’s approval of a ConocoPhillips oil field project on Alaska’s Northern Slope was rescinded by a federal judge who said it failed to adequately protect polar bears and didn’t properly consider the effects on climate change.
News
July 16, 2021
Greenland's government “has decided to cease issuing new licenses for oil and gas exploration,” it said in a statement. “This step has been taken for the sake of our nature, for the sake of our fisheries, for the sake of our tourism industry, and to focus our business on sustainable potentials.”
