Energy

Russia’s energy minister says Arctic offshore projects are a low priority

Russia’s energy minister says Arctic offshore projects are a low priority

In an interview with Interfax, the Russian Minister of Energy underlines that the current market situation does not favor investments on the shelf. "The drilling...
A declining Kara Sea town sees a future in coal

A declining Kara Sea town sees a future in coal

Dikson has seen better days. The small town by the Kara Sea has had thirty years of non-stop decay. Population is reduced to only...
First shipments of Yamal LNG set to head to market before October

First shipments of Yamal LNG set to head to market before...

Patrick Pouyanné, chairman and CEO of Total, one of the companies involved in Russia's Yamal LNG project, confirmed in a recent presentation that the first shipment...
Sweden’s Lundin announces another major find in Norway’s Barents Sea

Sweden’s Lundin announces another major find in Norway’s Barents Sea

Swedish oil and gas company Lundin has made another major discovery in Norway's offshore Arctic waters. The company believes the Filicudi prospect holds between 35 and...
Norway’s Goliat oil platform is offline — again

Norway’s Goliat oil platform is offline — again

After being offline since Christmas, production of crude oil resumed on February 3rd. That lasted for some few days. On Wednesday, production was halted...
Arctic oil town fears future as Imperial’s wells shut

Arctic oil town fears future as Imperial’s wells shut

When oil topped $100 a barrel three years ago, the tiny village of Norman Wells in Canada's high Arctic was gearing up to be...
Russia’s Arctic oil production sees big growth

Russia’s Arctic oil production sees big growth

Data from regional authorities show that oil extraction in the Yamal-Nenets Autonomous Okrug, the Nenets Autonomous Okrug and the Komi Republic in 2016 increased...
ConocoPhillips earned $233M in Alaska in 2016, a global highlight for the company

ConocoPhillips earned $233M in Alaska in 2016, a global highlight for...

ConocoPhillips slashed its global losses in the final three months of 2016 with help from more than $100 million of profits in Alaska, which...
Arctic oil can help solve climate challenges, Norway PM says

Arctic oil can help solve climate challenges, Norway PM says

Ice is melting and boundaries for economic activities are moving north. Norway’s Prime Minister Erna Solberg argues Arctic oil plays a role in solving...
Alaska gasline agency opens Tokyo office, replaces state’s representative in Japan

Alaska gasline agency opens Tokyo office, replaces state’s representative in Japan

The state gasline agency has opened an office in Tokyo and hired a former employee of the giant Mitsubishi Corp. who got to know Bill...
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