ConocoPhillips accepts state deal to drill promising oil field

ConocoPhillips accepts state deal to drill promising oil field

ConocoPhillips has accepted a deal from the state allowing it to add an increasingly promising oil prospect to its Colville River Unit on the North...
Moratorium on offshore Arctic licenses will continue, says Russian minister

Moratorium on offshore Arctic licenses will continue, says Russian minister

The Russian Ministry of Natural Resources introduced the moratorium on oil and gas licenses in Arctic waters in August 2016. And it is unlikely...
Statoil spuds controversial prospect in northern Barents Sea

Statoil spuds controversial prospect in northern Barents Sea

Drilling began last Monday at a controversial Statoil prospect more than 400 kilometers north of mainland Norway and is expected to last until early September.For...
Rosneft, Gazprom map new Arctic resources

Rosneft, Gazprom map new Arctic resources

Russian oil company Rosneft recently confirmed that it has started mapping of four license areas in the Pechora Sea. In the course of the...
Novatek head touts job-boosting potential of LNG projects in Russia’s Arctic

Novatek head touts job-boosting potential of LNG projects in Russia’s Arctic

In a meeting with the Russian Premier Dmitry Medvedev last week, leader of Novatek Leonid Mikhelson underlined that the development of the grand Yamal...
ConocoPhillips launches drilling at a North Slope oil field

ConocoPhillips launches drilling at a North Slope oil field

ConocoPhillips Alaska has launched drilling to unlock a stubborn pool of slow-moving viscous oil at a new site on the North Slope, the company...
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...