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...
Gazprom CEO sees share of EU gas market rising despite LNG rivals

Gazprom CEO sees share of EU gas market rising despite LNG...

LONDON — A new pipeline from Russia's Arctic fields to Germany will boost Moscow's share of the European gas market despite competition from Qatar...
Explorer plans first test of fracking potential in North Slope shale

Explorer plans first test of fracking potential in North Slope shale

An oil explorer hoping to bring the Lower 48’s fracking revolution to Alaska will take a big step this week when it launches an effort...