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...
Kola Peninsula nickel mining increases

Kola Peninsula nickel mining increases

Figures from the last quarterly report of Norilsk Nickel show that production in the Kola Peninsula in the third quarter of 2016 amounted to 34,596...
Russia sees 500 percent uptick in Svalbard tourism

Russia sees 500 percent uptick in Svalbard tourism

For the first time, revenues from tourism are now higher than those from coal mining in Barentsberg, the Russian settlement on Svalbard. That has...
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...
Russia and Norway exchange seismic data

Russia and Norway exchange seismic data

Norwegian and Russian petroleum authorities have agreed to exchange seismic data from the areas around the maritime boundary in the Barents Sea. "This is a...
On Alaska’s North Slope, exploration companies eye new oil prospects likely to require fracking

On Alaska’s North Slope, exploration companies eye new oil prospects likely...

One oil explorer seeking its fortune in the source rocks for Prudhoe Bay is moving ahead with plans to drill a test well this...
Citing confidentiality concerns about Greenland government, Australian mining company withholds details of deal with Chinese firm

Citing confidentiality concerns about Greenland government, Australian mining company withholds details...

Australian miner Greenland Minerals and Energy has refused to turn over information about a recent deal with a Chinese firm due to a lack...