Det Norske Oljeselskap ASA slumped to an operating loss in the first quarter on significantly lower revenue. The company reported a revenues of $ 205 (Q1 2015: USD 329) million in the first quarter. Production in the same period was 60,600 barrels of oil equivalent per day…
European shipowners believe that the three priority areas of the new EU Arctic Policy Communication published by the Commission this week address all topical Arctic matters. Climate change and environment, sustainable development and international cooperation in the Arctic are equally important…
The High Representative for Foreign Affairs and Security Policy and the European Commission have adopted a policy proposal that will guide the actions of the European Union in the Arctic region. The European Union will step up its existing…
ExxonMobil said today it has started production at its Point Thomson project, the first company-operated project on Alaska’s North Slope.Central pad facilities are designed to initially produce about 5,000 barrels per day of condensate and 100 million standard cubic feet per day of recycled gas…
China will encourage ships flying its flag to take the Northwest Passage via the Arctic Ocean, a route opened up by global warming, to cut travel times between the Atlantic and Pacific oceans, a state-run newspaper said on Wednesday. China is increasingly active in the polar region…
The agreement covers early-phase studies, pre-engineering (FEED) work, verifications and follow-on engineering for Lundin Norway. It encompasses engineering work from Aker Solutions' three business areas - Engineering, Subsea and Maintenance…
China plans to make use of Arctic sea route for its shipping to shorten the distance by 30 per cent compared to the ocean passages traditionally used to connect the northern Atlantic and Pacific oceans through Panama Canal. Chinese ships…
GAC Russia has teamed up with the Far East Development Fund to address the challenges faced by international shipping companies transiting the Northern Sea Route (NSR), and to make this transport corridor more attractive to ship and cargo owners…
April 12 in Murmansk held VI international conference on 'Logistics in Arctic'.The conference was organized by the Association of contractors of the Arctic 'Murmanshelf' projects with the support of the Government of the Murmansk region…
WWF-Canada, represented by Ecojustice lawyers, is taking legal action to quash Arctic oil and gas exploration permits that continue to obstruct conservation efforts in Lancaster Sound, Nunavut. The environmental group believes they “continue to obstruct conservation efforts” in Lancaster Sound…
St. Francis Xavier University announces call for applications for the Irving Shipbuilding Chair in Arctic, Marine and Security Policy St. Francis Xavier University (StFX) in Antigonish, NS, and Irving Shipbuilding have issued a call for applications for the Irving Shipbuilding Chair in Arctic…
Low Arctic sea ice extent for March caps a highly unusual winter in the Arctic, says the US National Snow and Ice Data Centre (NSIDC). In March, Arctic sea ice extent fell to its second lowest extent since 1981 — as did the overall Arctic sea ice extent for 2106…
The Danish Energy Agency has awarded DEA Deutsche Erdoel AG two licences in Denmark. The concession area of about 530 square kilometres is located in the southern Central Graben in the western part of the Danish North Sea.The German upstream company DEA…
Marine insurance may have the distinction of being the oldest line of insurance in existence, but it’s not letting its venerable age hinder its growth or flexibility. Given the new, emerging and increasingly complex risks faced by the maritime industry…
Subsea services provider to the oil and gas industry Bibby Offshore (BOUK) has secured a multimillion pound contract with a North Sea Operator, to deliver decommissioning operations in the Northern North Sea East Shetland Basin. The agreement…
