Oil experts eye ‘significant resources’ in Barents Sea along Norway-Russia border

Oil experts eye ‘significant resources’ in Barents Sea along Norway-Russia border

A region of the Barents Sea in Norwegian waters, parts of which are located in ice-covered waters, could hold more than 2 billion standard cubic...
Gazprom hints it might share Yamal gas with Novatek

Gazprom hints it might share Yamal gas with Novatek

Russia's Tambey fields hold an estimated 6.7 trillion cubic meters of natural gas and could be developed by a joint venture, Gazprom leader Aleksey Miller...
Early Barents Sea drilling yields disappointing results

Early Barents Sea drilling yields disappointing results

Lundin Norway, a subsidiary of the Swedish oil company Lundin Petroleum, was hoping to find more oil when drilling the appraisal well some 4 kilometers north...
Novatek could begin construction of Murmansk plant in June

Novatek could begin construction of Murmansk plant in June

Novatek could begin construction on a Murmansk LNG facility as soon as next month. The company is ready to launch project development, says regional...
New Alaska oil projects could add 100K barrels by 2021 — but some are questionable

New Alaska oil projects could add 100K barrels by 2021 —...

Large Alaska oil discoveries announced in the last two years are creating a buzz in the oil and gas industry, but it’s uncertain when...
Trump, reversing Obama, pushes to expand drilling in Arctic waters

Trump, reversing Obama, pushes to expand drilling in Arctic waters

WASHINGTON -- Surrounded by members of Alaska’s congressional delegation, President Donald Trump on Friday signed an executive order that directs the Interior Department to...
Russia reaches almost full compliance with oil output cuts

Russia reaches almost full compliance with oil output cuts

VATUTINKI, Russia — Russia's oil production cuts have reached almost 300,000 barrels per day, Energy Minister Alexander Novak said on Friday, in line with its pledge...
Trump eyes expanded U.S. offshore oil drilling with new executive order

Trump eyes expanded U.S. offshore oil drilling with new executive order

WASHINGTON — U.S. President Donald Trump will sign an executive order on Friday that seeks to expand offshore oil and gas drilling to areas currently...
Barents oil production ‘more troublesome than expected’

Barents oil production ‘more troublesome than expected’

Norway’s Petroleum Safety Authority gives yet another safety rebuke to ENI Norge after an audit revealed that status of some security systems was not...
Norway doubles Barents Sea oil and gas estimate, alarms green lobby

Norway doubles Barents Sea oil and gas estimate, alarms green lobby

OSLO — Norway's portion of the Barents Sea could contain twice as much undiscovered oil and gas as previously thought when a newly mapped area...