New license round reveals a declining interest in Norway’s Arctic oil

New license round reveals a declining interest in Norway’s Arctic oil

As Statoil on Tuesday presented its development plans for Johan Castberg, the oil field in the Barents Sea, the Norwegian Ministry of Petroleum and Energy...
Statoil announces massive investment in its northernmost oil field

Statoil announces massive investment in its northernmost oil field

After years of hesitation, consideration and re-consideration, the Norwegian oil company Tuesday announced that the Arctic oil project will become reality.The Johan Castberg will be...
Rosneft wants a new Arctic hub and pipeline

Rosneft wants a new Arctic hub and pipeline

Russia's state oil company Rosneft is continuing to work toward an Arctic hub on the Pechora Sea coast.Indiga is the place for an oil terminal and a...
Italy’s Eni receives permit to drill offshore oil well in Alaska’s Arctic

Italy’s Eni receives permit to drill offshore oil well in Alaska’s...

An Italian oil company has received a permit to drill what is expected to be the first exploratory well in U.S. federal Arctic waters...
Alaska-China LNG deal was the result of careful — and ongoing — work, says governor

Alaska-China LNG deal was the result of careful — and ongoing...

The newly signed agreement for Alaska to work with major Chinese institutions to advance a massive North Slope natural gas project was the product...
Norway’s oil fund wants out of oil and gas investments

Norway’s oil fund wants out of oil and gas investments

Earlier this autumn, Norway’s oil fund reached the stunning value of $1 trillion. Built on transfer of oil revenue from May 1996, the fund is...
Novatek preparing for its first offshore Arctic drilling efforts

Novatek preparing for its first offshore Arctic drilling efforts

A jackup rig is on site, and Russian natural gas company Novatek is set to drill as soon as ice melts in the Gulf of Ob...
A natural gas project in Alaska’s Arctic gets Chinese backing

A natural gas project in Alaska’s Arctic gets Chinese backing

A Chinese oil company along with a top bank and the nation’s sovereign wealth fund have agreed to back Alaska’s proposed natural gas project,...
Nunavut electrical utility explores geothermal energy potential

Nunavut electrical utility explores geothermal energy potential

In an effort to explore alternative energy North of 60, Nunavut’s power corporation is looking for someone to study and map geothermal power potential...
Norwegian oil company expands in northern Russia

Norwegian oil company expands in northern Russia

Geotechnologia, a subsidiary of Araca Energy, has acquired two license areas in the northern Russian region of Komi. The Aiyuvinsky and Vostochno-Sedelsky licenses cover...