Russian energy companies Novatek and Gazprom Neft on Friday created an exploration and production joint venture which will focus on work in the East Siberian Sea and the Chukchi Sea.As part of the agreement, Novatek acquired a 49% participation interest in OOO Gazpromneft Sakhalin, which owns a geological survey, exploration and production license for the North-Vrangelevskiy license area. 'The transaction…
The U.S. Department of the Interior said Monday that President Biden would take action to designate about 2.8 million acres in the Arctic Ocean nearshore the National Petroleum Reserve-Alaska (NPR-A) as indefinitely off-limits for future oil and gas leasing…
A federal appeals court on Tuesday confirmed bans on offshore oil leasing in most federal Arctic waters and in the Atlantic after the Trump Administration tried to open them up to development.The 9th Circuit Court of Appeals said President Joe…
The Trump administration on Thursday proposed to loosen Obama-era safety regulations for the oil industry in the Arctic Ocean off Alaska to ease the way for petroleum extraction in the region, an effort that President-elect Joe Biden will likely throw out once in office…
A cursory look at rig, seismic and yard activity in the world is enough to deduce that there’s more happening in the Arctic than Greens tying themselves to seventh-generation drilling units.A judge may have blocked Alaskan drilling in coastal…
Russian state oil company Rosneft will continue geological explorations in the Arctic offshore zone after ExxonMobil quits the joint projects, reports TASS. The report qouted Natural Resources Minister Sergey Donskoy saying that the Arctic…
US Secretary of the Interior Ryan Zinke unveiled a draft proposed program (DPP) for offshore oil and gas leasing for 2019-2024 will make available over 90% of US Outer Continental Shelf (OCS) acreage, and more than 98% of undiscovered, technically…
Italian oil major Eni has spud a new oil well from the Spy Island drillsite, a manmade island in the Beaufort Sea, offshore Alaska, earlier this week, the Bureau of Safety and Environmental Enforcement (BSEE) reported today (27 December)…
The American Petroleum Institute (API) says it is disappointed in the Bureau of Ocean Energy Management’s (BOEM) final Programmatic Environmental Impact Statement (EIS) on seismic surveying in the Gulf of Mexico. The programmatic EIS…
The U.S. Department of Interior (DOI) is taking its first step in fulfilling the Trump administration’s pledge to expand Outer Continental Shelf (OCS) oil and gas leasing opportunities by submitting a request for information (RFI) to create a new 2017-2022 offshore lease plan…
The Bureau of Ocean Energy Management (BOEM) says it will offer about 1.09 million acres in the Cook Inlet, offshore Alaska’s south central coast in a lease sale scheduled for next month. Map of the 224 areas included in the Cook Inlet Lease Sale 244…
US President Donald Trump signed executive orders today (28 April) to increase domestic energy production in the Outer Continental Shelf (OCS) Planning area including the Chukchi Sea, Beaufort Sea, Cook Inlet, Mid-Atlantic, South Atlantic…
The US Bureau of Ocean Energy Management (BOEM) will offer more than 9000 blocks, spanning more than 48 million acres in the Central Gulf of Mexico (GoM) Lease Sale 247, which is the Obama Administration's final GoM sale in its five year program…
In his final month as US president, Barack Obama announced today (20 December) that he will ban offshore areas in the Atlantic and Arctic Oceans from future mineral extraction. The decision comes one month after the Department of the Interior…
The US Department of the Interior (DOI) and Bureau of Ocean Energy Management (BOEM) released the final plan for the Outer Continental Shelf (OCS) lease sales for 2017-2022, excluding areas in the Beaufort and Chukchi Seas in the US Arctic…
