Arctic ///

Novatek eyes LNG cargo transfers should tanker sanctions last

Russia’s biggest liquefied natural gas producer expects to be able to mitigate any impact should U.S. sanctions on China prevent it from using a third of its fleet.

ConocoPhillips to acquire Nuna discovery acreage in Alaska

ConocoPhillips Alaska (COPA) has announced that it has entered into an agreement with Caelus Natural Resources Alaska, LLC to acquire 100% of the Nuna discovery, located just east of the Colville River and approximately 5 mi southwest of Oooguruk field.

CNOOC to acquire 10% equity interest in Arctic LNG 2

CNOOC Limited has announced that the Company and CEPR Limited, a wholly-owned subsidiary of the Company, entered into a Share Purchase Agreement with Joint Stock Company Novatek and Ekropromstroy Limited Liability Company, a wholly-owned subsidiary of JSC Novatek, pursuant to which, CEPR shall acquire 10% equity interest in Arctic LNG 2 LLC held by Ekropromstroy.

Russia's new icebreakers carve path for oil and gas shipping

Last weekend, Russia launched the last of a new crew of atomic icebreakers meant to consolidate the country’s dominance of commercial traffic in the Arctic. As much of the rest of the world recognizes climate change as an emergency, Russia is working hard to capitalize on it — and the U.S. appears to be far behind.

The future is in the north, according to the Norwegian Petroleum Directorate

Our estimates indicate that more than half of the oil and gas that has not yet been discovered is located in the Barents Sea.

CNOOC Limited signs agreement with JSC Novatek for the Arctic LNG 2 project

CNOOC Limited has announced that the company has signed a heads of agreement with JSC Novatek, a Russian gas producer, for the acquisition of 10% interest of the Arctic LNG 2 project.

DNV GL awards CMHI AIPs for arctic SCDU

DNV GL's Head of Technical Centre China Falk Rothe handed over the two certificates to Dr. Lixin Xu from China Merchants Offshore Technology and Research Center (CM-OTRC).

Federal judge blocks President Trump's Arctic drilling plans

The Trump administration's attempt to restore oil and gas leasing in U.S. waters was blocked by a federal judge in Alaska, delivering a win to environmentalists who argued that offshore drilling isn’t worth the risk.

Total signs definitive agreements for entry into Arctic LNG 2

Total announces that it has signed the definitive agreements with Novatek for the acquisition of a direct 10% interest in Arctic LNG 2, a major liquefied natural gas development led by Novatek on the Gydan Peninsula, Russia.

The curious case of Norway's 60 MMbbl of missing oil

Norway has built a reputation as one of the calmest and most predictable corners of the global oil industry, but lately it’s been full of surprises.

Equinor, Var Energi AS complete successful appraisal well in the Barents Sea Goliat license

The resource estimates on Goliat continues to increase. Vår Energi AS has together with license partner Equinor completed an appraisal in PL 229 in the Barents Sea through the successful drilling of the 7122/7-7 S Goliat West appraisal well.

Gazprom Neft strengthens its own Arctic fleet with a second icebreaker, the Andrey Vilkitsky

The Andrey Vilkitsky icebreaker, built as part of Gazprom Neft’s “Time of the Arctic” program, has been launched in St. Petersburg.

Companies in the news

Michele Cowart, World Oil

Companies in the news

Big oil headed for defeat in long Lofoten battle, minister says

The waters around the sensitive Lofoten islands will probably never be opened to oil exploration, according to Norway’s climate and environment minister.

Alaskan quake affects some oil facilities, but not all

U.S. federal authorities issued an emergency declaration for Alaska after a magnitude 7.0 earthquake struck last Friday, Nov. 30, leaving thousands without electricity and temporarily shutting the state’s most important oil pipeline.

Equinor made a gas discovery northwest of Atlantis

Equinor Energy AS, operator of production licence 615, has completed the drilling of wildcat well 7324/3-1.

Saipem 7000 semi-submersible at Damen Verolme Rotterdam for DPS upgrade

The Saipem 7000, one of the largest semi-submersible crane and pipelaying vessels in the world, has arrived at Damen Verolme Rotterdam (DVR) for a major upgrade of its current DP3 system to meet the new closed ring DP3 configuration and ABS EHS-P notation.

Azinor catalyst well success promising proof of industry approach

Oil & Gas UK has praised news that Azinor Catalyst has struck oil at Agar-Plantain as promising proof of industry’s competitive approach to exploration activity.

Conoco considering North Sea asset sale by year end

ConocoPhillips plans to invite bids by the end of the year for its remaining North Sea assets, which could be valued at up to $3 billion in a sale, according to people with knowledge of the matter.

Faroe-operated rungne exploration well results show good, bad

Faroe Petroleum has announced the results of the Faroe-operated Rungne exploration well 30/6-30 in the Norwegian North Sea.