Big Oil’s dream of $65 billion hidden off Norway is fading away

Big Oil’s dream of $65 billion hidden off Norway is fading...

Norway's oil industry has been salivating for years over the Arctic Lofoten islands, which could hold billions of barrels of crude. It will likely...
A North Slope well spill is bigger than originally thought

A North Slope well spill is bigger than originally thought

More than 7,000 gallons of petroleum products leaked from a North Slope well operated by Caelus Energy Alaska, state environmental regulators said this week, more...
Novatek sheds light on its next major Arctic gas project

Novatek sheds light on its next major Arctic gas project

As the Russian gas company Novatek prepares for launch of the Yamal LNG, the large natural gas project in the Yamal Peninsula, it is actively...
IRS confers tax-exempt status on Alaska gas line agency

IRS confers tax-exempt status on Alaska gas line agency

The IRS says the Alaska Gasline Development Corp. is a tax-exempt agency, a determination the state is touting as an important development for Alaska’s...
Should all of NPR-A be on the table for oil development?

Should all of NPR-A be on the table for oil development?

The Trump administration on Monday said the entirety of Alaska’s petroleum reserve, including the half that had previously been unavailable for leasing to oil companies, is...
Alaska gives ConocoPhillips a shot at drilling prized oil prospect

Alaska gives ConocoPhillips a shot at drilling prized oil prospect

Alaska officials will allow ConocoPhillips to expand an existing North Slope oil field into an area near big discoveries, but only if it agrees to take...
Russian gas pipelines to go ahead despite U.S. sanctions

Russian gas pipelines to go ahead despite U.S. sanctions

MOSCOW/BRUSSELS — New U.S. sanctions will make it harder for Russia to build two gas export pipelines to Europe but the projects are unlikely to...
Chinese rig proceeds drilling in Kara Sea

Chinese rig proceeds drilling in Kara Sea

The Chinese drill rig Nanhai-VIII  is spudding this year’s only offshore well in the oil-rich Russian Arctic region.The field is called Leningradskoye and the...
Sanctions gap lets Western firms tap Russian frontier oil

Sanctions gap lets Western firms tap Russian frontier oil

OSLO/MOSCOW — A gap in U.S. sanctions allows Western companies to help Russia develop some of its most technically challenging oil reserves, and risks undermining...
ConocoPhillips earns $199M in 3 months in Alaska as projects near production

ConocoPhillips earns $199M in 3 months in Alaska as projects near...

ConocoPhillips earned $199 million in Alaska in the recent quarter and is moving toward new oil production at two fields, which include a project...