Offshore Arctic News - page 11

 

Oil firms still eyeing arctic exploration

Jan 28, 2016

Despite a multibillion dollar backlog of projects, put on hold amid US$30-50/bbl oil prices, exploration firms are still eyeing resources in arctic waters. New areas of the Barents Sea were offered to oil firms in Norway’s 23rd licensing round…

Earthjustice supports Shell Arctic extension denial

Jan 13, 2016

Earthjustice, on behalf of eight conservation groups, filed to intervene in a case before the Interior Board of Land Appeals to defend the Department of Interior’s (DOI) decision to deny Shell’s request for an extension of the terms of its oil drilling leases in the Arctic Ocean…

First cut is the deepest

Jan 01, 2016

OE reached out to analysts Wood Mackenzie and IHS Energy to find out the view on the next 12-18 months. And the outlook is not so great for exploration spend. Audrey Leon and Elaine Maslin report. Wood Mackenzie Image from iStock…

Lundin comes up dry at Ørnen

Dec 30, 2015

Lundin Petroleum has completed the drilling and evaluation of exploration well 7130/4-1 on the Ørnen prospect. The well is in PL708, on the eastern parts of the Finnmark Platform in the southern Barents Sea. The well was dry and has been plugged and abandoned…

Shell ends Polar Pioneer contract

Dec 28, 2015

Shell has terminated the contract for the Polar Pioneer, a harsh environment semisubmersible drilling rig, announced rig owner Transocean on 28 December. The rig was famously used this summer in Shell's Arctic campaign in the Chukchi Sea…

Retreating from the US Arctic

Dec 18, 2015

The US is losing its opportunity to lay claim to Arctic exploration, falling behind countries such as Norway and Russia. Now with Shell and Statoil exiting Alaska’s offshore, many in the industry and in politics are wondering how to salvage Alaskan offshore exploration…

Southeast Barents could contain 2 billion bbl reserves

Dec 07, 2015

The Norwegian Ministry of Petroleum and Energy has announced that 26 companies have bid for acreage in the 23rd licensing round. The round offers nearly 60 frontier exploration blocks with around half in the exciting new Arctic province of the Norwegian Southeast Barents Sea…

Bells and whistles

Dec 01, 2015

Odfjell Drilling’s Deepsea Aberdeen has all the bells and whistles for working west of Shetland. Elaine Maslin takes a look. Deepsea Aberdeen working west of Sheltand. Photo from Odfjell Drilling…

Statoil pulls plug on Alaska

Nov 17, 2015

Statoil is saying goodbye to Alaska exploration and has decided to exit its leases in the Chukchi Sea following recent results in nearby leases, in addition to finding the leases no longer competitive. Map of Alaskan leases Statoil is exiting…

Bureau Veritas to class Yamal LNG carriers

Oct 27, 2015

International classification society Bureau Veritas announced it will class the series of Arctic-capable LNG carriers that will be built in Korea's DSME yard to service the Yamal LNG project in Russia's high arctic. Exporting LNG from Yamal calls for a type of LNG carrier never built before…

Interior cancels Arctic lease sales

Oct 16, 2015

The US Department of the Interior announced it will cancel two planned Arctic offshore lease sales under the US government’s current five-year plan for 2012-2017 due to Shell’s failed Arctic campaign and current market conditions, which left…

Eni granted Goliat flotel extension

Oct 08, 2015

The Petroleum Safety Authority of Norway granted an extension to Eni for use of the Flotel Superior accommodation facility at the Goliat field, in the Barents Sea.   Image from Eni. The…

The case for US Arctic exploration

Oct 06, 2015

Arctic drilling has made headlines since the announcement of Shell’s 2015 summer drilling campaign. Paired with the low oil prices due to a surplus of supply, many people wonder why we even need to drill in the Arctic when there is so much oil right now…

Polarled in place, well under budget

Sep 29, 2015

The last pipe in Statoil’s Polarled pipeline has been laid this week in the Norwegian Sea, with the project coming in at 32% under budget. The pipeline was laid by the world's largest pipelaying vessel: Solitaire from Allseas…

UTEC completes Cook Inlet installation

Sep 28, 2015

UTEC provided a positioning solution for the installation of a monopod liquid natural gas platform and 30km 10in LNG pipeline for a major operation located in Alaska’s Cook Inlet.  A total of 24 field personnel were mobilized and engaged…

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