EU ramps up energy efficiency target, but still room for Norwegian gas

EU ramps up energy efficiency target, but still room for Norwegian...

On Wednesday, Miguel Arias Cañete, Commissioner for Climate Actions and Energy with the European Commission, announced the European Union’s target to increase energy efficiency. By...
Rosneft seals deal over oil terminal in Murmansk

Rosneft seals deal over oil terminal in Murmansk

Sources in the Murmansk regional government tell Portnews that Rosneft has completed a deal to acquire 75 percent of the Lavna oil terminal in Murmansk. The...
Sweden’s Lundin discovers new Barents oil and gas

Sweden’s Lundin discovers new Barents oil and gas

Lundin Petroleum announced on Tuesday that it had found additional oil and gas reserves in Norway's Arctic waters.The Swedish oil company said the Neiden prospect in...
Lukoil, Rosneft eye opening of new Arctic oil region

Lukoil, Rosneft eye opening of new Arctic oil region

Russia’s two biggest oil companies are showing more interest in the Taymyr Peninsula.Both Lukoil and Rosneft intend to drill their first wells in the...
Obama administration cancels Arctic offshore lease sales through 2022

Obama administration cancels Arctic offshore lease sales through 2022

WASHINGTON — The Obama administration has canceled proposed plans to hold oil lease sales for Arctic offshore waters through 2022.“The plan focuses lease sales in...
In Alaska, Native wildcatters push ahead with exploration at oil and gas prospects

In Alaska, Native wildcatters push ahead with exploration at oil and...

Doyon Limited says a third well it drilled about 50 miles southwest of Fairbanks failed to find commercial quantities of natural gas or oil,...
Federal agency has long list of questions for state led Alaska LNG project

Federal agency has long list of questions for state led Alaska...

The federal agency responsible for conducting the environmental review for the $55 billion Alaska LNG project has sent project officials 268 pages of comments...
Yamal LNG project on track ship gas late next year, says Novatek official

Yamal LNG project on track ship gas late next year, says...

In one year, a Yamal liquefied natural gas plant will be loading its first LNG tanker, Novatek leader Leonid Mikhelson told Russian President Vladimir Putin at a...
Alaska reverses course, opening door for ConocoPhillips exploration on North Slope

Alaska reverses course, opening door for ConocoPhillips exploration on North Slope

The administration of Alaska Gov. Bill Walker this week reversed its earlier rejection of a lease transfer between two oil companies, opening the door for...
Investors call for moratorium on Arctic high seas oil and gas activity

Investors call for moratorium on Arctic high seas oil and gas...

LONDON — A group of investors representing more than 5 trillion euros (about $5.53 trillion) in assets under management have called on oil and...