Offshore Arctic News - page 9

2017 exploration outlook - a return to profitability?

Dec 12, 2016

A new study by Wood Mackenzie on what to expect from global oil and gas exploration in the year ahead, Global Exploration: What to look for in 2017, shows that exploration should return to profitability in 2017, after five years of only single-digit returns…

Obama leaves Arctic off the table

Nov 18, 2016

The US Department of the Interior (DOI) and Bureau of Ocean Energy Management (BOEM) released the final plan for the Outer Continental Shelf (OCS) lease sales for 2017-2022, excluding areas in the Beaufort and Chukchi Seas in the US Arctic…

COSL completes Barents Sea 3D campaign

Nov 10, 2016

China Oilfield Services' 12-streamer HYSY 720 seismic vessel has completed the operations of two 3D seismic data acquisition in the Arctic Barents Sea recently.  The campaign covered three blocks and follows a previous campaign covering 1820…

Being responsive

Oct 06, 2016

Joe Mullin gives an update on the Arctic Response Technology joint industry project. Workers conduct field trials of the first-of-its-kind aerial oil spill response system near Fairbanks, Alaska…

Cold comfort

Oct 06, 2016

While it seems most Arctic exploration activity has slowed, it really depends on where you look. Bruce McMichael reports. Gazprom Neft’s Prirazlomnoye facility, in the Russian Arctic.  Photos from Gazprom Neft…

Keeping up with Arctic regulations

Oct 01, 2016

Jerry Lee looks into Arctic-rated safety equipment that seeks to make it eaiser to comply with regulations around the globe. Arctic capping stack with remote BOP control and intervention subsea accumulator module…

Goliat resumes production

Sep 27, 2016

Production has resumed at the Goliat field early Tuesday morning (27 September), in the Norwegian Barents Sea, according to operator Eni Norge. Eni says full production is expected to be reached shortly, with full reinjection of gas and produced water…

New Russian arctic exploration on hold

Sep 12, 2016

The Russian government is temporarily banning new licenses for offshore field development on the Russian Arctic shelf, the Minister of Natural Resources and Environment Minister Sergei Donskoi has said. The move appears to be aimed at focusing investment on existing development projects…

Goliat to remain shut down

Sep 09, 2016

Eni Norge’s management has decided to keep the Goliat field shut down until “measures are implemented and its platforms can be operated prudently.” Goliat. Image from Eni Norge. The…

Gazprom adds new wells at Prirazlomnoye

Aug 10, 2016

Gazpromneft has brought a further two production wells (its third and fourth) into production at the Prirazlomnoye field in the Pechora Sea, as well as its second and third injection wells. Daily production on the Prirazlomnaya ice-resistant offshore rig…

Updated: US Arctic drilling regulations issued

Jul 08, 2016

New and 'final' regulations regarding drilling in the US Arctic have been jointly issued by the country's authorities, including a requirement to have a relief rig on standby and containment equipment.  Image from BSEE Twitter…

Shell gives up Arctic acreage

Jun 08, 2016

Supermajor Shell has donated nearly 9000sq km of its Arctic exploration permits to the Nature Conservancy of Canada to support a national marine conservation area off the coast of Nunavut. Image from Nature Conservancy of Canada…

COSL starting Arctic seismic shoot

May 23, 2016

China's China Oilfield Services Ltd. (COSL) has been awarded a contract for 3D seismic acquisition covering a total area of over 4000sq km in Arctic waters. The contract is COSL's 'first great order' for 3D seismic operations in Arctic waters…

Supermajors drop Arctic leases

May 10, 2016

Several supermajor oil and gas companies including Anglo-Dutch supermajor Shell, Italian giant Eni, and US supermajor ConocoPhillips have surrendered more than 2 million acres in the Chukchi Sea. The Polar Pioneer…

Fugro begins Barents Metocean, Ice Network project

May 10, 2016

Fugro has begun a three-year period of metocean and ice data acquisition as part of the Barents Sea Metocean and Ice Network Project. The data will help operators to better understand relevant operational uncertainties and risk factors…

Current News

Lottery System to Decide Who Wins Rights to Giant Danish Offshore Wind Farm

Lebanon Re-launches Second Offshore Oil and Gas Round

Thai Oil Firm PTT Expands Pharma Business with $475M Alvogen Deal

U.S. Interior Department Set to Release Federal Oil Leasing Review

Subscribe for OE Digital E‑News