Norway Forced To Cancel Arctic Drilling Plans
Offshore oil Norway has pushed the oil and gas boundaries further north in recent years, opening up the Arctic for drilling. But low oil prices and environmental opposition are forcing Continue Reading
North Slope gas producers support switch to state-led Alaska LNG project
Cost estimates for the Alaska LNG Project have been shaved 20% or more, but the project is still not economic, its managers told state legislators in hearings that ended late Continue Reading
Why Arctic Oil Is Crucial For Russia’s Future
The Arctic – a cold wasteland that has shattered the expansion dreams of many an oil company by proving to be too difficult and too expensive to tackle. And, of Continue Reading
Performance versus prescription in new US Arctic rules: Fuel for Thought
In its new rules for oil and gas drilling in the Arctic, the US has taken the biggest step yet toward a performance-based system that sets clear standards, but allows Continue Reading
Alaska North Slope crude shipment leaves Valdez bound for South Korea: cFlow
A shipment of Alaska North Slope crude is making a rare voyage across the Pacific Ocean to South Korea, according to cFlow, Platts trade flow software. The Bahamian-flagged Suezmax, Tianlong Continue Reading
Costs of new US Arctic regulations may cool offshore oil production plans
The Obama administration unveiled final regulations for drilling in US Arctic waters, but questions remain about the future of oil production there. Will the Arctic be pulled out of the Continue Reading
The Trans-Alaska Pipeline Will Dry Up Without New Oil
Anchorage, Alaska For nearly four decades, the Trans-Alaska Pipeline System has served as Alaska’s economic artery while providing the rest of the U.S. with a reliable supply of domestic oil Continue Reading
API Lobbies For Arctic Drilling To Remain On the Table
The American Petroleum Institute (API) and other energy industry groups are urging the U.S. government not to remove Arctic offshore drilling from the table through 2022, despite strong opposition over Continue Reading
Why The Arctic Oil Dream Is Not Over Yet
The race to discover oil and gas in virgin Arctic waters is now on, as Norway offered oil majors a lifeline on Wednesday by opening up what experts say could Continue Reading
Big Oil Pulls The Plug On Arctic Oil, Relinquishes Drilling Rights
The prospect of producing oil from the U.S. Arctic looks increasingly remote as the oil industry walks away from drilling leases. After Royal Dutch Shell pulled the plug on its Continue Reading