House Republicans on Wednesday took the first steps toward overturning a new Obama administration plan for managing wildlife and oil development in the 23-million-acre National Petroleum Reserve-Alaska.  More »

Official says the top priority in the incident was the safety of 18 people on the drill barge,  More »

Buccaneer hunts properties that bigger companies no longer want but which still have unexploited reserves. The past three years haven’t been easy, but founder Curtis Burton insists he is happy with the results.  More »

By Mark Drajem Bloomberg News Alaska’s government proposed investing its own cash in an assessment of oil reserves in the U.S. Arctic National Wildlife Refuge, seeking to prod the federal government to consider drilling in the protected area. With the Interior Department working on a management plan for the area, Republican Governor Sean Parnell’s administration [...]  More »

The Coast Guard will kick off hearings Monday on how a Shell rig used for Arctic Ocean exploratory drilling ended up aground off a remote Alaska island.  More »

OAO Rosneft (ROSN) said a plan to step up Arctic exploration will help increase shareholder value at the same time the world’s largest publicly traded oil producer starts exporting liquefied natural gas.  More »

Oil companies seeking to drill in Arctic waters must have emergency equipment capable of reining in runaway subsea wells, a top Obama administration official said, answering a question facing ConocoPhillips and other firms with drilling rights in the region.  More »

The Swiss-based Noble Corporation reported first quarter 2013 earnings of $150 million, up 25 percent from $120 million for the same time last year.  More »

ConocoPhillips on Wednesday said it would abandon its plans to begin drilling for oil in Arctic waters north of Alaska because of “uncertainties of evolving federal regulatory requirements” for oil exploration in the region. The move follows similar decisions by Statoil and Shell, which is pausing its own Arctic oil hunt after experiencing several high-profile mishaps last year.  More »

OAO Transneft is ready to study bringing Russia’s oil pipeline network to the Arctic offshore as OAO Rosneft and Exxon Mobil Corp. (XOM) search for crude in the ice- bound Kara Sea.  More »

Russian Energy Minister Sergei Donskoy was quoted by national media as saying Monday that the companies will develop the Severo-Vrangelevsky field in the Chukchi Sea and the Severo-Zapadny field in the Pechora Sea.  More »

In the wake of plummeting oil output, Norway, western Europe’s biggest petroleum producer, may have found its new money spigot: an ice-free expanse of the Arctic Ocean known as the Barents Sea.  More »