A rendering of Kirinskoye's subsea processor, a first for a Russian company. Sarah Parker Musarra examines the offshore developments that helped make 2013 a banner year for Russia's Gazprom. Located…
Global oil majors continue to lobby concessions for opertations on the Russian Arctic shelf; Eugene Gerden reports. Amid the fierce critics from the global environment organizations, the Russian government continues to create conditions…
A US court ruling has put a key document supporting oil major Shell's Chukchi Sea drilling in doubt. Over one partial objection, the US Court of Appeals for the Ninth Circuit (CA9, panel based in San Francisco) ruled that selection by the Bureau of Ocean Energy Management…
Colloquy: Editor’s Column As we start a new year at OE, we offer projections from companies about projects and markets. This issue features a Global Market Forecast, with analysts from Infield Systems, DouglasWestwood, and Petroleum Geo-Services weighing in about exploration…
Finnish government-owned investment company, Finnish Industry Investment Ltd, has acquired a 66.4% stake in Aker Arctic Technology Oy (Aker Arctic) from STX Finland Oy. Aker Arctic is a leading company in Arctic marine logistics and offshore solutions…
E&P majors BP and Statoil presented their views on future exploration prospects in the Arctic. Meg Chesshyre reports. Representatives from BP and Statoil discussed both the challenges associated with and future plans for developing Arctic…
The Arctic is one of the few areas remaining with large finds to be made. In order to operate and develop fields in the Arctic, new technologies are needed and are being developed, from ice-management systems to innovations in drilling. The…
Finnish firms Navis Engineering Oy and Aker Arctic Technology Inc have signed a scientific and technical co-operation agreement covering the joint development of technology for dynamic positioning (DP) systems for icebreakers and ice-class vessels…
The international hunt for resources in the arctic is unlikely to lead to confrontation, but it is possible, the SPE Arctic and Extreme Environments conference heard in Moscow today. Former British diplomat in Russia, Sir Anthony Brenton…
Alaska states Arctic needs Alaska’s Lt. Governor Mead Treadwell stated the case for the state’s needs at the Ice-Diminished Arctic Conference in Washington, D.C. He emphasized the need for safety, security, and economic development in the region…
Siemens will deliver the key components for a power station that is going to supply the future Yamal LNG production plant in Northern Russia with electricity and heat. The Siemens scope of supply comprises the design, manufacture, factory testing…
Irish independent Circle Oil Plc announced today that its subsidiary, Circle Oil Tunisia Ltd., has increased its stake in the offshore Mahdia license to 100%, after acquiring the remaining 30% working interest from Tethys Oil & Mining Inc…
To prepare Canada’s northern communities for the “New Arctic,” the federal government needs to devote greater policy attention and resources to strategic Arctic maritime areas such as Nunavut, says a new policy brief issued by The Center for International Governance Innovation (CIGI)…
Alaska’s Lt. Governor Mead Treadwell stated the case for Alaska’s key needs at the Ice-diminished Arctic Conference in Washington, D.C. earlier this month. Treadwell reminded the attendees that the Arctic has held strategic importance for…
The offshore oil and gas industry is moving further into deeper and colder waters in remote locations thanks to advancing technologies. Ulstein provides products and solutions in support of safer, smarter and greener operations. The OCV/subsea vessel design SX121…
