Offshore Arctic News


Norway to Set New Limit for Arctic Offshore Drilling

Feb 04, 2020

OSLO, Feb 4 (Reuters) - Norway may restrict oil firms' access to offshore resources in the Arctic by moving the so-called ice edge, a line that sets a legal limit on the extent to which companies can go north in search of oil.The ice edge is…

Russia Leads E&P Race in Arctic Region

Feb 03, 2020

Russian and Norwegian exploration and production (E&P) operators have been expanding their operations in the Arctic continental shelf, which is estimated to hold vast deposits of hydrocarbons and rare earth minerals.Warming temperatures in the…

The Future is in the North

Jan 13, 2020

Sea usesWhile others are known as rulers of the seas, Norway has been more known as users, locally and worldwide. No wonder, since Norwegian waters are covering an area of close to six times the size of the Norwegian land areas.There is considerable…

Gassco Urges Norway to Boost Arctic Gas Export Capacity

Jan 13, 2020

Norway should construct a new pipeline or a second liquefied natural gas (LNG) unit to boost its gas exports from the Arctic Barents Sea, pipeline system operator Gassco said on Monday.Natural gas represents about a quarter of Norway's overall exports…

Equinor Takes Wisting Operatorship

Dec 02, 2019

Norwegian energy firm Equinor said it will take over as operator for the development of the Wisting license in the Barents Sea as of December 1. Austrian partner OMV will later assume the operator role for the operation phase.In June, the two…

Gazprom Neft Resumes Output at Arctic Offshore Field

Sep 11, 2019

Gazprom Neft, the oil arm of Russian gas giant Gazprom, said on Wednesday it had resumed oil production at the Prirazlomnoye offshore Arctic field on September 7 after planned maintenance.The Prirazlomnoye field was halted on August 8 for maintenance…

Russia: Arctic Offshore Oil Feasible at $130/bbl

Sep 10, 2019

The head of Russia's Rosnedra subsoil agency said on Tuesday that the development of the Pobeda (Victory) offshore Arctic oilfield in the Kara Sea is feasible only at oil prices of $130 to $140 per barrel, Interfax news agency reported.Rosneft…

Russia Open to Private Firms Developing Arctic

Sep 04, 2019

Russia's natural resources and environment minister said on Wednesday he supported allowing private oil and gas companies to work on the Arctic shelf.Speaking to reporters at an economic forum in the far eastern Russian city of Vladivostok, the minister…

Equinor Drills Dry Arctic Exploration Well

Jun 17, 2019

Equinor's exploration well drilled near its Korpfjell gas find in the Norwegian Arctic has proved to be dry, Norway's Petroleum Directorate said on Monday, in an area near the Russian offshore border the company had hoped would be oil rich.This…

The On-again Arctic

Jun 11, 2019

A cursory look at rig, seismic and yard activity in the world is enough to deduce that there’s more happening in the Arctic than Greens tying themselves to seventh-generation drilling units.A judge may have blocked Alaskan drilling in coastal…

Gazprom Finds New Yamal Offshore Fields

May 17, 2019

Russian state gas producer Gazprom has discovered two new offshore fields in the Yamal region with total reserves of more than 500 billion cubic meters (bcm), the company said on Friday.The fields are located in the Kara Sea and hold 390.7 bcm and 120…

Lukoil Develops Arctic-Friendly Oil Spill Kit

May 08, 2019

Russian oil company Lukoil has been given state approval for its new absorbent and biotechnology-based oil spill response technologies for Arctic regions. Lukoil says the technologies, on which it has taken out nine patents, have been designed…

Activists End Occupation of Arctic Drill Rig

Apr 30, 2019

Greenpeace activists climbed down from a Seadrill drilling rig in Norway on Tuesday and are no longer occupying it, the environmental group told Reuters.The rig, which was boarded by four activists on Monday, will be used next month by Equinor to explore for oil and gas in the Arctic…

Activists Board Arctic Drilling Rig

Apr 29, 2019

Greenpeace activists on Monday climbed aboard a Seadrill drilling rig commissioned by Equinor in protest against oil and gas drilling in the Norwegian Arctic, the group told Reuters.Four activists climbed aboard the West Hercules rig, the organisation said…

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