Offshore Arctic News - page 8


Equinor, BHP Secure Blocks off Eastern Canada

Nov 07, 2018

BHP and Equinor secured exploration blocks of the eastern Canadian province of Newfoundland and Labrador in a bid offering Wednesday that drew record high net bidding over C$1.3 billion.BHP will operate two exploration parcels in the offshore Orphan Basin…

Equinor Finds More Oil in Arctic Field

Oct 29, 2018

Norwegian oil and gas firm Equinor has found more oil near its Johan Castberg field in the Arctic Barents Sea, the company said on Monday.The Skruis exploration well, drilled about 8 kilometers north of the original discovery, indicated a volume of 12-25 million recoverable barrels of oil…

Gazprom CEO Says Output Up This Year

Oct 18, 2018

Gazprom's output in the last nine and a half months is up by 6.8 percent year on year and the Russian gas producer expects production close to 500 billion cubic metres (bcm) this year, RIA news agency cited its chief executive as saying.The TASS news agency…

Novatek Finds Resource Base in North-Obskiy

Oct 10, 2018

Novatek said its Arctic LNG 3 unit confirmed the discovery of a new natural gas and gas condensate field at the North-Obskiy license area located in the shallow waters of the Ob Bay.The Yamal LNG operator said in a press statement that  its…

Chevron becomes first oil major to exit Norway

Oct 10, 2018

U.S. oil firm Chevron will become the first oil major to formally exit the Norwegian continental shelf (NCS) as it transfers its last stake in an exploration license, according to a government letter.Oil majors, including Exxon Mobil, BP and Shell…

Australian Icebreaker Floats Out

Sep 26, 2018

The new Antarctic Supply Research Vessel (ASRV) RSV Nuyina currently under construction at Damen Shipyards Galati in Romania has been floated out and maneuvered 250 meters to a quayside berth where the ongoing construction and outfitting process will take place…

Yamal LNG production begins

Dec 05, 2017

The Yamal liquefied natural gas (LNG) liquefaction plant has started production, with the first LNG cargo export scheduled for 8 December. The Christophe de Margerie tanker, named for the former Total CEO…

OE17: Focus on the Arctic

Sep 07, 2017

One of the most anticipated exploration wells in Europe this year was the multi-billion barrel potential Arctic Korpfjell prospect in the Barents Sea. While the probe, completed late September, didn't prove commercial volumes, the region…

Pondering further Russian sanctions

Jul 25, 2017

With US lawmakers prepared to hit Russia with more sanctions*, the domestic oil and gas industry is bracing for what potential impacts may come. Karen Boman lays out concerns voiced at a July Atlantic Council Event. [*Update] The US Senate…

DOI seeks insight for new OCS lease plan

Jun 29, 2017

The U.S. Department of Interior (DOI) is taking its first step in fulfilling the Trump administration’s pledge to expand Outer Continental Shelf (OCS) oil and gas leasing opportunities by submitting a request for information (RFI) to create a new 2017-2022 offshore lease plan…

US to increase OCS drilling

Apr 28, 2017

US President Donald Trump signed executive orders today (28 April) to increase domestic energy production in the Outer Continental Shelf (OCS) Planning area including the Chukchi Sea, Beaufort Sea, Cook Inlet, Mid-Atlantic, South Atlantic…

Rosneft starts drilling at Khatangsky

Apr 06, 2017

Rosneft started drilling the Tsentralno-Olginskaya-1 well, the northernmost well at the Russian Arctic shelf, in the Khatangsky license area. Image of Rosneft workers drilling the northernmost well at the Russian shelf…

Two new wells, ESP first at Prirazlomnoye

Jan 23, 2017

Gazprom Neft has commissioned two new production wells at its Prirazlomnoye field in Russian arctic waters.  The new wells bring the total number of wells currently in operation at the Prirazlomnaya platform to 10, six of which are production wells…

Obama: Arctic 'off limits to oil and gas leasing'

Dec 20, 2016

In his final month as US president, Barack Obama announced today (20 December) that he will ban offshore areas in the Atlantic and Arctic Oceans from future mineral extraction. The decision comes one month after the Department of the Interior…

Year in review: 2016

Dec 13, 2016

As OE takes a look back on the year that was 2016, our website's most popular stories pretty much tell everything you need to know. It has been a depressing year for the industry with too many job cut announcements, rigs and vessel stacked (or sold)…

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