Search for Arctic

26.03.2014 Hyundai delays delivery of platform for Norwegian Arctic oil

The Korean Hyundai yard is postponing the delivery of the Goliat platform, the first oil production unit made for Norwegian Arctic waters, Barents Observer reported on March 25. Meanwhile, production in the Norwegian Sea continues to decline.

24.03.2014 Norway puts off oil licenses along Russian border

Norway is not yet ready for drilling along the border to Russia, Barents Observer reported on March 21.

The postponement of the 23rd Norwegian License Round is reportedly not connected with the ice-cold relations with Moscow.

20.03.2014 Russia’s Gazprom Neft joins international Arctic oil spill response program

Gazprom Neft has become the first Russian company to join the Arctic Oil Spill Response Technology Joint Industry Programme (JIP) run by the world’s largest oil and gas companies, Gazprom Neft’s press office said on March 19.

11.03.2014 Romanian rig heading for Russian Arctic

A Romanian jack-up rig is scheduled to be mobilized for operation in the far northern waters in May, the Romanian company Grup Servicii Petroliere S.A informs.

07.03.2014 Lukoil aims for boost at Arctic assets

Northern Russia will be a key priority for the privately own company in the period 2014-2016. A total of $2 billion is to be invested in field development in the Timan-Pechora province in the period, company representatives told an audience of investors this week.

24.02.2014 Arctic oil seen decades away by Swedish Lundin

Lundin Petroleum AB (LUPE), the Swedish explorer focused on Norway, said there won’t be any oil production in the ice-filled waters of the Arctic for at least 15 years because of technical and logistical challenges, Bloomberg reported on February 24. 

21.02.2014 Canadian Arctic Is Next Destination for Global Majors

One of the ground rules for major operators in the global energy industry is to take any opportunity to explore and develop hydrocarbon resources, no matter how geologically challenging and financially demanding they may be.

19.02.2014 Greenpeace warns Norway against Arctic exploration

As previously reported, the Norwegian Ministry of Petroleum and Energy in the upcoming 23rd License Round intends to offer a total of 61 licenses in northern waters.

10.02.2014 Two shipyards to build Arctic vessels for Russia’s Rosneft

Russian authorities greenlighted plans by oil giant Rosneft to begin production of Arctic seagoing vessels at two separate facilities, a senior official said on February 8, RIA Novosti has reported.

07.02.2014 Russia’s Rosneft wants Chinese firms to invest in Arctic deposits

Rosneft has been negotiating with Chinese firms on oil production in the Russian Arctic and Sakhalin deposits, Rosneft chairman Igor Sechin has said in Sochi. Also, Russia and China are to agree on gas prices by May 2014.