Arctic ///

Service companies chase international boom as U.S. shale drilling moderates

The biggest providers of oilfield services are surfing a wave of international spending on the back of higher prices, but the good news is tempered by an activity slowdown in their own back yard.

People in the industry

Michele Cowart, World Oil

Evy Glørstad-Clark has been appointed senior V.P., exploration, for Aker BP.

Melting ice in the Arctic is opening a new energy trade route

A new trade route for energy supplies is opening up north of the Arctic Circle as some of the warmest temperatures on record shrink ice caps that used to lock ships out of the area.

ConocoPhillips reports exploration success in Alaska

ConocoPhillips has provided an update on its operating plan for Alaska, focusing on the company’s long history of creating value in the state and an ongoing commitment to invest in low cost of supply opportunities.

M2 Subsea secures contract with Premier Oil

Global independent provider of ROV services, M2 Subsea, has secured a contract to provide inspection services for Premier Oil’s Balmoral Floating Production Vessel (FPV).

Companies in the news

Michele Cowart, World Oil

Akofs Offshore has been awarded a contract for light well intervention services, using its 156-m vessel, Akofs Seafarer, for all Equinor-operated licenses, in the period 2020 to 2025.

People in the industry

Michele Cowart, World Oil

EnerMech has appointed Salvatore Cutino as regional director for Africa, based in Cape Town, South Africa.

Otto Energy sets a date for Nanushuk prospect drilling, on Alaska North Slope

Otto Energy Limited has advised that it has executed a binding term sheet agreement that will see Otto participate in the drilling of a highly prospective Nanushuk oil trend exploration well within its Western Blocks on the Alaska North Slope in early 2019.

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.