Tumbling oil prices aren’t deterring OMV AG from its Arctic ambitions. More »
Statoil won’t use the Transocean Spitsbergen and Songa Trym rigs from mid-November through at least the year-end because of overcapacity. More »
The Norwegian oil conglomerate estimates the field could generate as much as 650,000 barrels of oil per day. More »
The Obama administration is quadrupling its estimate of how much crude could be harvested from Arctic drilling leases it sold oil companies six years ago. Regulators also think there is a 75 percent chance of at least one large spill occurring in the area. More »
Three oil companies with billions invested in Arctic drilling leases are pleading with the Obama administration for extra time to hunt for crude under waters north of Alaska, but so far, federal regulators have been skeptical. More »
Shell, which has spent eight years and $6 billion to explore the Arctic’s Beaufort and Chukchi seas, said in letter to the Interior Department that “prudent” exploration before leases expire is now “severely challenged.” More »
A new poll shows that support for Arctic drilling is high in states where there are close Senate races. More »
No spill has been reported in Alaska’s Cook Inlet. The platform is operated by Hilcorp Alaska.
The United States may use its role heading the Arctic Council to push for standards governing oil drilling and development throughout the region, the Obama administration’s top Arctic envoy said Tuesday. More »
Oil companies hoping to find crude under Arctic waters north of Alaska are imploring the Obama administration to ensure new rules governing drilling in the region don’t force them to stash emergency equipment nearby nor block them from using chemical dispersants to clean up any spills. More »
More details came to light Tuesday on Shell’s plans for exploratory oil drilling in the Chukchi Sea north of Alaska, as federal regulators released a copy of the company’s broad Arctic drilling blueprint.
Gov. Sean Parnell said he was “extremely disappointed” by the planned layoffs. More »
The U.S. economy has enjoyed an energy renaissance thanks to technology like fracking and horizontal drilling that unlocked previously inaccessible geological formations. Some of that same technology is now poised to be used around the world. More »
Shell’s campaign to resume Arctic drilling in 2015 took a major step forward Thursday, as the company gave federal regulators a broad drilling blueprint that lays out plans for boring new exploratory oil wells in the Chukchi Sea. It is the strongest evidence yet that the company will keep pursuing a big discovery in the U.S. Arctic, after a mishap-plagued 2012 exploration campaign ended with the grounding of a drilling rig and a $200 million writeoff. More »
The Obama administration is closer than ever to imposing the first minimum standards for oil and gas activity in U.S. Arctic waters, as Shell pursues permits that could allow it to resume drilling in the region next year. More »