Arctic

Source: Reuters

US to auction nearly 1 million acres off Alaska for oil drilling

World Oil


(Bloomberg) — The Biden administration plans to offer hundreds of thousands of acres off the coast of Alaska for new oil and gas drilling next month, a sale mandated in Democrats’ Inflation Reduction Act to win the support …

Source: Reuters

$2.6 billion Alaskan oil project to help Santos boost output

World Oil


(Bloomberg) — Santos Ltd. has given the go-ahead for a $2.6 billion oil field project in Alaska to expand its production beyond the Asia-Pacific region.

The producer and joint venture partner Repsol SA took a final investment decision

Source: Reuters

Biden reverses Trump move to open up more oil drilling in Arctic

CNBC


The Biden administration on Monday reversed a Trump administration plan that would have allowed the government to lease more than two-thirds of the country’s largest swath of public land to oil and gas drilling.

The Bureau of Land Management’s …

Source: CNBC

After the gas crisis, the Arctic could be Russia and Europe’s next flashpoint

CNBC


A new cold front could open up in the political tension between the European Union and Russia over energy. This time in the Arctic.

 

On Wednesday, the EU put forward proposals that could see it pushing to ban

Source: Reuters

U.S. orders new review of drilling in Alaska wildlife refuge

Nasdaq


The Biden administration said on Tuesday it would conduct a new environmental review of oil and gas leasing in Alaska’s Arctic National Wildlife Refuge.

The widely anticipated move comes two months after the Department of Interior said it would …

Source: Reuters

Court order delays construction at ConocoPhillips’ Alaska project

Reuters


ANCHORAGE, Alaska – A weekend court ruling has temporarily blocked winter construction at a huge ConocoPhillips oil project on Alaska’s North Slope.

U.S. District Court Judge Sharon Gleason issued an order Saturday barring ConocoPhillips from starting planned gravel mining …

February 8, 2021 - 11:00 am Arctic, Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Norway supreme court verdict opens Arctic to more oil drilling

Reuters


OSLO – Norway’s supreme court upheld government plans for Arctic oil exploration on Tuesday, dismissing a lawsuit by campaigners who said they violated people’s right to a healthy environment.

While most of Norway’s oil output flows from south of …

December 22, 2020 - 2:00 pm Arctic, Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Trump administration cuts size of Arctic land offered for oil auction

Reuters


ANCHORAGE, Alaska – In a last-minute change, the Trump administration cut about 30 percent of the Arctic National Wildlife Refuge territory that it plans to auction off for oil exploration.

The decision was announced late Friday by the Bureau …

December 21, 2020 - 3:30 pm Arctic, Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

U.S. to hold Arctic refuge oil lease sale in early January, before Biden takes office

Reuters


The Trump administration on Thursday said it would issue a sale notice for oil leases in the Arctic National Wildlife Refuge next week, putting it on track to hold an auction shortly before President-elect Joe Biden takes office.

The …

December 3, 2020 - 12:30 pm Arctic, Closing Bell Story‎, Crude Oil News, Energy News
Hudong to deliver third Yamal LNG carrier

Hudong to deliver third Yamal LNG carrier

Offshore Energy


Oil & Gas Publishers Note: There are some hidden takeaways in this article. The Chinese shipbuilding yard has 17 Large LNG carriers on order under a leasing business model. A brilliant business model to keep control of large

Goldman Sachs becomes first major U.S. bank to stop funding Arctic drilling, pulls back on coal

Goldman Sachs becomes first major U.S. bank to stop funding Arctic drilling, pulls back on coal

Goldman Sachs becomes first major U.S. bank to stop funding Arctic drilling, pulls back on coal

December 16, 2019 - 11:36 pm Arctic, Coal News, Press Releases
Interview: Novatek steps on gas pedal with Arctic LNG 2 construction, plans downstream LNG business in Germany and Poland

Interview: Novatek steps on gas pedal with Arctic LNG 2 construction, plans downstream LNG business in Germany and Poland

LNG World News


Novatek steps on gas pedal with Arctic LNG 2 construction, plans downstream LNG business in Germany and Poland- oilandgas360

Russia’s Novatek is pressing ahead with the construction of its second Arctic liquefied natural gas (LNG) export project, while in the meantime also planning to develop LNG downstream business in Germany and Poland, according to the company’s

World Powers Increasingly See Icy Arctic as a Hot Property

World Powers Increasingly See Icy Arctic as a Hot Property

From AP News


From a helicopter, Greenland’s brilliant white ice and dark mountains make the desolation seem to go on forever. And the few people who live here — its whole population wouldn’t fill a football stadium — are poor, …

White House Seeks Swift Action to Issue Alaska’s ANWR Oil Leases

White House Seeks Swift Action to Issue Alaska’s ANWR Oil Leases

From REUTERS

ANCHORAGE, Alaska (Reuters) – The Trump administration is seeking to sell leases in the Arctic National Wildlife Refuge as quickly as possible – drawing fire from opponents of drilling in the sensitive area, who are warning against a …

March 19, 2018 - 11:30 am Arctic, Closing Bell Story‎, Energy News
Interior Dept. to Begin Processes to Lease ANWR this Month

Interior Dept. to Begin Processes to Lease ANWR this Month

From The Washington Examiner

Drilling ANWR at least a decade away: Murkowski

The Trump administration this month will begin the process of opening the Arctic National Wildlife Refuge to oil and natural gas leasing.

Interior Department officials visited Alaskan communities …

March 9, 2018 - 6:15 pm Arctic, Closing Bell Story‎, Energy News
ENB Line 21 Replacement Project

Canada’s National Energy Board Approves $53 Million Enbridge Pipeline

The National Energy Board (NEB) will allow Enbridge Pipelines Inc. (ticker: ENB) to replace a 2.5 km segment of its Line 21 Norman Wells Pipeline located in the Northwest Territory of Canada. Enbridge applied to the NEB on March 10, …

Alaska Collects $21.2 Million from Dec. 6 Lease Sale, North Slope Nets $20 Million of Total

Alaska Collects $21.2 Million from Dec. 6 Lease Sale, North Slope Nets $20 Million of Total

Armstrong Energy, Repsol, ConocoPhillips among winning bidders

The State of Alaska held a record-breaking oil and gas North Slope lease sale on Dec. 6, netting competitive bids from investors around the world.

The Division of Oil and Gas reported that …

Statoil Greenlights Largest Offshore Project This Year

Statoil Greenlights Largest Offshore Project This Year

Johan Castberg will cost $6 billion

Norway’s Statoil (ticker: STO) approved the largest offshore development this year today, approving the Johan Castberg project in the arctic Barents Sea.

Discovered in 2011, Johan Castberg is farther north than Prudhoe Bay in …

Murkowski Greenlights Tax Plan with Drilling ANWR in It

Murkowski Greenlights Tax Plan with Drilling ANWR in It

From the AP

WASHINGTON (AP) — The Latest on Senate Republicans’ tax overhaul bill (all times local):

Sen. Lisa Murkowski says she supports the Republicans’ sweeping tax package, now that it would allow oil drilling in Alaska’s Arctic National Wildlife …

December 1, 2017 - 2:34 pm Arctic, Closing Bell Story‎, Energy News
Alaska Oil: Drilling the Cook Inlet Again

Alaska Oil: Drilling the Cook Inlet Again

From the Mat-Su Valley Frontiersman

With $40-$60 per barrel oil, Hilcorp pushing oil production in written-off basin

Not long ago, people were writing off Cook Inlet as a depleted oil producing basin. State agencies were focusing on how to safely …

Eni Receives Federal Permit to Drill Four Beaufort Sea Exploration Wells 

Eni Receives Federal Permit to Drill Four Beaufort Sea Exploration Wells 

First new Alaska Arctic exploration wells in 2 years

From the AP

ANCHORAGE, Alaska (AP) — A subsidiary of an Italian energy company has received a federal permit to drill the first oil exploration wells in U.S. Arctic waters in …

November 29, 2017 - 2:16 pm Arctic, Closing Bell Story‎, Energy News
Arctic Oil Drilling Under Attack as Norway Dragged to Court

Arctic Oil Drilling Under Attack as Norway Dragged to Court

From: Bloomberg

A group of activists is trying to put a stop to Norway’s Arctic oil exploration and forcing the country to defend itself in the first court case of its kind.

Greenpeace and a Norwegian group, Nature and Youth, …

November 13, 2017 - 3:01 pm Arctic, Closing Bell Story‎, Energy News
Armstrong Energy Sells Alaska Interests

Armstrong Energy Sells Alaska Interests

Current sale involves half of interests, can be expanded to all

Denver-based private E&P Armstrong Energy is selling its interest in its Alaskan properties, where it made a massive discovery earlier this year—the largest conventional onshore discovery in 30 …

Alaska’s Oil Production Decline Flattens, State Hopes for a Continued Upswing

Alaska’s Oil Production Decline Flattens, State Hopes for a Continued Upswing

Oil production rose in 2016, 2017, expected to rise in 2018

Most attention in the U.S. oil and gas industry has focused on unconventionals with the Permian basin being the hottest of the hot shale plays based on operator activity, …

Gulf of Mexico LNG Shippers Have a $45,000-a-Day Problem

Gulf of Mexico LNG Shippers Have a $45,000-a-Day Problem

Dealing with costly delays in getting tankers through the Panama Canal may slow down U.S. LNG shipments, according to Octavio Simoes, president of LNG export terminal developer Sempra LNG & Midstream. Bloomberg reported that Simoes calculated that every day a …

October 3, 2017 - 6:50 pm Arctic, Closing Bell Story‎, LNG, Oil and Gas 360 Articles
First Lease Sale in Alaska’s Federal Waters Since 2008 Attracts $3 Million

First Lease Sale in Alaska’s Federal Waters Since 2008 Attracts $3 Million

Hilcorp Alaska top bidder in Cook Inlet federal lease sale with more than $3 million in high bids on 76,000 acres

Cook Inlet Lease Sale 244 — the first lease sale held in Alaska’s federal waters since 2008 — garnered …

Source: BLM

Zinke Signs Order to Jump-Start Alaskan Energy Production in the NPR

Order also calls for updating ANWR resource assessments

U.S. Secretary of the Interior Ryan Zinke signed a secretarial order to jump-start Alaskan energy production in the National Petroleum Reserve – Alaska (NPR-A) and update resource assessments for areas of the …

Electricity from the Sea is Real: the World’s Most Powerful Tidal Turbine Achieves 2 MW Peak Power in North Sea

Electricity from the Sea is Real: the World’s Most Powerful Tidal Turbine Achieves 2 MW Peak Power in North Sea

2 MW floating turbine sends power to the UK national grid

You’ve probably heard of the concept—using oceanic tidal flows to generate electricity. After the concept lived a sci-fi storyboard kind of existence for decades, a concept for an affordable …

Russia Can Wait for $70 Oil Before Re-Entering Arctic Waters

From Bloomberg

Russia can wait for a sustained recovery in oil prices before drilling again in Arctic waters, relying for now on less costly regions even as rival producer Norway accelerates development of its northerly fields.

“We estimate production costs …

March 29, 2017 - 3:38 pm Arctic, Closing Bell Story‎, Crude Oil News
Repsol and Armstrong Energy Announce Largest U.S. Onshore Conventional Hydrocarbons Discovery in 30 Years

Repsol and Armstrong Energy Announce Largest U.S. Onshore Conventional Hydrocarbons Discovery in 30 Years

Horseshoe-1: massive Alaska North Slope oil discovery

Repsol (ticker: REP) and privately held Denver based Armstrong Energy LLC announced today the discovery of a massive oil field in Alaska, with an estimated 1.2 billion barrels of oil recoverable. This is …