Arctic

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 …

A Father of Fracking Seeks to Emulate Shale Boom in Alaska

From Bloomberg

A pioneer of the U.S. shale revolution wants to take fracking to Alaska. Success could help revive the final frontier’s flagging oil fortunes.

Paul Basinski, the geologist who helped discover the Eagle Ford basin in Texas, is part …

March 9, 2017 - 12:45 pm Arctic, Closing Bell Story‎, Crude Oil News
Alaska in Talks to Purchase ConocoPhillips’ Nikiski Kenai LNG Facility

Alaska in Talks to Purchase ConocoPhillips’ Nikiski Kenai LNG Facility

Alaska determined to be an LNG exporter even when the oil and gas companies have bailed

Alaska’s KTVA11 reported last night that the Alaska Gasline Development Corporation (AGDC) said in a presentation before the Senate Resources Committee on Monday that …

January 24, 2017 - 4:49 pm Arctic, Closing Bell Story‎, LNG, Oil and Gas 360 Articles
President Declares “Indefinite” Offshore Drill Ban for Alaska and Atlantic Coastal Waters

President Declares “Indefinite” Offshore Drill Ban for Alaska and Atlantic Coastal Waters

White House Issues Memorandum Withdrawing Bulk of Alaska’s Arctic OCS and Portions of Atlantic OCS from Oil and Gas Drilling

Today the White House pulled the plug on offshore drilling leases in the bulk of the Arctic offshore Alaska and …

Alaska Celebrates Highly Successful Lease Sale this Week, Most Industry Bids Since 2010

Alaska Celebrates Highly Successful Lease Sale this Week, Most Industry Bids Since 2010

Industry made it abundantly clear they are interested in Alaska’s oil and gas–onshore and offshore: Eni, ConocoPhillips, Armstrong, Anadarko

On Wednesday, the Bureau of Land Management (BLM) and the Alaska Division of Oil and Gas each held a lease sale …

President Withdraws More of Alaska from Future Oil and Gas Production

President Withdraws More of Alaska from Future Oil and Gas Production

White House  removes 43,000 sq. miles and 3 Tcf of natural gas potential from offshore Alaska

On Nov. 9, the president signed an executive order creating the Northern Bering Sea Climate Resilience Area.

“This area, encompassing 112,300 square miles, represents …

Alaska will have No Arctic Offshore Federal Lease Sales: BOEM

Alaska will have No Arctic Offshore Federal Lease Sales: BOEM

Alaska reels as BOEM Announces Federal OCS Lease Schedule for 2017-2022

The U.S. government released its final list of federal lands offshore that it will open for lease sales for oil and gas development on the outer continental shelf (OCS). …

Offshore Alaska: DOI Adds More Drilling Regulations

Offshore Alaska: DOI Adds More Drilling Regulations

President Obama ‘turning his back on the livelihoods of Alaskans who depend on resource development’

Today, the United States Department of the Interior and the Bureau of Ocean Energy Management released 348 pages of new Requirements for Exploratory Drilling on

Offshore Pain Continues:  Shell Cancels $600,000/Day Transocean Rig

Offshore Pain Continues: Shell Cancels $600,000/Day Transocean Rig

Polar Pioneer was the Focus of Protests Just Months Ago

Royal Dutch Shell (ticker: RDS.B) delivered some bad news for Transocean (ticker: RIG) as companies returned to their respective offices following an extended Christmas weekend. According to a RIG press …

Alaska’s $64.6 Million Purchase of TransCanada’s Interest in Alaska LNG is State’s “Number-One Get Well Card”

Alaska’s $64.6 Million Purchase of TransCanada’s Interest in Alaska LNG is State’s “Number-One Get Well Card”

Alaska hopes to make $400 million more per year after buying TransCanada’s share of the project

Last week Alaska Governor Bill Walker said that the decision to purchase TransCanada’s share of the project was the “number-one get-well card” for Alaska’s …