Norwegian oil and gas firm Equinor has drilled a dry exploration well near the Wisting discovery in the Barents Sea, offshore Norway.According to the Norwegian Petroleum Directorate, the exploration target of the well was to prove petroleum…
The startup of Equinor's Johan Castberg oilfield in the Arctic Barents Sea will be delayed by one year until the fourth quarter of 2023 due to technical problems, denting its value, Norway's oil and gas safety watchdog said on Tuesday.The Petroleum…
Russia's Gazprom on Thursday reported an 89% fall in 2020 net profit to 135.3 billion roubles ($1.8 billion), hurt by lower prices and sales and a huge rise in costs including a foreign exchange-related loss, but it expects a recovery in 2021…
Russia's largest independent natural gas producer PAO NOVATEK announced Friday that the annual general meeting of shareholders (AGM) approved the election of members to the board of directors.The following members were elected to the board of directors:Andrei I…
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…
Equinor and its partners Vår Energi and Petoro have discovered oil at an exploration well near the Johan Castberg development in the Barents Sea.Recoverable resources at the well - formally known as well 7220/7-4 - in production licence 532…
Norway launched a consultation on Thursday on a 2021 licensing round in mature areas in which it offered 84 new blocks for petroleum exploration, including 70 in the Arctic Barents Sea.The maps attached to a statement by the Petroleum and Energy…
Oil and gas company Lundin Energy has drilled a dry well at its production license 533 B, in the Barents Sea, offshore Norway.The exploration well, formally named 7219/11-1, was drilled around 40 kilometers southwest of the Johan Castberg field…
The Government of Canada has this week approved three offshore drilling projects in the Atlantic Ocean, planned by BHP, Equinor, and Chevron, respectively.'The projects will allow the proponents to determine the presence, nature, and quantities…
Norway's supreme court upheld government plans for Arctic oil exploration on Tuesday, dismissing a lawsuit by campaigners who said they violated people's right to a healthy environment.While most of Norway's oil output flows from south of the Arctic…
Russian oil and gas giant Rosneft has said it has discovered a new 'unique' offshore gas field in the Arctic with total reserves of 514 bcm of gas and 53 million tons of condensate.Rosneft made the discovery at the Vostochno-Prinovozemelsky-2 license area in the Kara Sea…
Norwegian energy company Equinor has drilled a dry well at the Spissa prospect in the Barents Sea, the Norwegian Petroleum Directorate said Friday.The exploration well, formally named 7018/5-1, was drilled around 100 kilometers southwest of the Snøhvit field…
Norwegian oil and gas company Vår Energi has been given consent to use Saipem's Scarabeo 8 drilling rig on the Goliat oil field in the Barents Sea, off Norway.Vår Energi will use the semi-submersible drilling rig for production drilling on the Goliat field…
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…
Norway will offer oil firms exploration blocks in nine frontier areas in its latest licensing round, including eight regions of the Arctic Barents Sea and one in the Norwegian Sea, the Ministry of Petroleum and Energy and the Petroleum Directorate (NPD) said on Thursday…
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