offshore drilling

Repsol, Statoil Announce Asset Swap Involving Eagle Ford and Norway Positions

December 11, 2015

No oil and gas companies were in attendance for Major League Baseball’s winter meetings (baseball’s equivalent of Christmas with its free agent signings, discussions, swaps and trades), but two industry giants independently agreed to a swap of their own on December 11, 2015. Norway’s Statoil (ticker: STO) and Spain’s Repsol (ticker: REPYY) will trade acreage positions in a non-cash, straightforward

Statoil Bails on Alaska Offshore Leases, Citing Competitive Reasons

November 18, 2015

Sen. Murkowski: Obama Administration at Fault for “Project Killer” Regulations Statoil (ticker: STO) is closing the door on its Alaska operations, the company announced in a press release on November 17, 2015. The Norway-based exploration and production company plans to shut its office in Anchorage and will walk away from 16 operated and 50 non-operated leases in the Chukchi Sea.

Interior Department Puts Alaska Offshore Lease Programs on Ice

October 19, 2015

Arctic Offshore Leases Cancelled Through 2017; Shell, Statoil Fail to Extend Leases The Chukchi Sea’s 29 billion barrels (U.S. Bureau of Ocean Energy Management’s estimate of BOE) will have to wait for better times. The U.S. Department of Interior announced last Friday that it will put a halt to future auctions for the current leasing program, which runs through 2017. In

Repsol, Statoil Announce Asset Swap Involving Eagle Ford and Norway Positions

Statoil Bails on Alaska Offshore Leases, Citing Competitive Reasons

Interior Department Puts Alaska Offshore Lease Programs on Ice

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