Russia claims new oil field discovered in the Arctic
Preliminary data indicate a new oil field has been discovered in an area said to hold at least a dozen promising reservoirs, Russian oil company Rosneft said. Rosneft said three Continue Reading
Trump’s climate stance looms over Arctic meeting
U.S. Secretary of State Rex Tillerson will host foreign ministers from Arctic nations at a summit in Alaska on Thursday, where President Donald Trump’s reluctance to fight climate change will Continue Reading
Russian researcher claims edge in Arctic oil and gas
Ahead of a meeting of littoral states, a Russian expert said Wednesday there are new methods to offer an edge in assessing Arctic oil and gas reserves. Vladimir Cheverda, a Continue Reading
Trump’s Arctic Drill Plan Challenged by Environmental Groups
Environmental groups are challenging President Donald Trump’s attempt to restore oil and gas leasing on more than 125 million acres in the Arctic and Atlantic oceans, arguing that a warming Continue Reading
Norway’s Statoil plays down risks ahead of Arctic drilling
Norway’s Statoil on Monday played down concerns that drilling in the Arctic is risky, days before it kickstarts its drilling campaign in the Barents Sea, where the country believes around Continue Reading
Alaska Needs Much Higher Oil Prices To Reverse Its Oil Fortunes
This year marks Alaska’s 40th anniversary of the Trans Alaska Pipeline Systems (TAPS)—an 800-mile-long crude oil route that runs from the North Slope to Valdez, the northernmost ice-free port in Continue Reading
BP says crews brought leaking Alaskan well under control
Signage for a BP petrol station in London, July 29, 2014. BP Plc said workers on Alaska’s North Slope had brought under control a company-operated well that spewed oil and Continue Reading
BP North Slope Well Leaking Gas After Crude Oil Spray Stops
Two leaks found from well in Prudhoe Bay on Friday morning Volume of the leak is undetermined, cause still unknown A well operated by BP Exploration Alaska Inc. on Alaska’s Continue Reading
Pipeline Built to Survive Extremes Can’t Bear Slow Oil Flow
Trans Alaska carrying just a quarter of its peak volume The lower the flow, the higher the risks from Arctic cold Here at the top of the world, January brought Continue Reading
Russia tapping deeper into Arctic oil basin
Russian oil company Gazprom Neft said it finished drilling a new production well at one of its flagship fields above the Arctic Circle. The company said it finished the well Continue Reading