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…
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…
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…
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…
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…
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 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 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…
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…
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…
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)…
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…
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…
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…
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…