Oil dips as OPEC, Russian output rises ahead of production cut

Oil dips as OPEC, Russian output rises ahead of production cut

LONDON — Global oil prices slipped on Tuesday as data showed crude output rose in most major export regions despite plans by OPEC and Russia...
Governor feuds with ExxonMobil as state moves to take over LNG project

Governor feuds with ExxonMobil as state moves to take over LNG...

An October letter from Gov. Bill Walker to an ExxonMobil executive suggests the governor deeply distrusts the company when it says it will continue to...
Rosneft explores more Arctic waters

Rosneft explores more Arctic waters

Despite low oil price and market uncertainties, Rosneft says it conducted 35,000 kilometers of 2D seismic mapping in 10 of its Arctic license areas.In...
Iceland’s volcanoes and hot springs are a step closer to powering UK homes

Iceland’s volcanoes and hot springs are a step closer to powering...

A proposed submarine power cable taking Icelandic green energy to the UK is now one step closer to becoming a reality, after a French...
Russia’s first offshore wind park comes to White Sea

Russia’s first offshore wind park comes to White Sea

A deal signed this week by Karelian Governor Aleksandr Khudilainen and Li Yan, Vice President of Sinomec, includes the investment of 9 billion rubles (€130...
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...