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...
BP set to return to Russian Arctic

BP set to return to Russian Arctic

The British company is formalizing the establishment of its new joint venture with Russia’s leading oil company, Rosneft. The Yermak Neftegaz will engage in exploration...
Alaska announces Arctic oil lease sales on the heels of 2 large North Slope discoveries

Alaska announces Arctic oil lease sales on the heels of 2...

Following announcements of two large oil discoveries in Alaska in the last 12 months, the state is conducting an annual lease sale in the...
Gazprom slows expansion at Yamal field

Gazprom slows expansion at Yamal field

The Yamal Peninsula has long been the key area of expansion for Russia’s state gas company Gazprom. Billions of dollars have been invested in...