Norway’s government is proposing to expand the area that will be offered for oil and gas exploration in the 2019 licensing round of acreage in mature areas, Petroleum and Energy Minister Kjell-Børge Freiberg said last Thursday. [Read more…] about Norway plans to expand Arctic oil exploration areas
Norway’s Equinor has put on hold the drilling of a key exploration well in the Barents Sea after a well incident last week, the company said on Monday. [Read more…] about Equinor stops drilling Arctic well after incident
US President Barack Obama closed 3.8 million acres off the US North and Mid-Atlantic coasts and 115 million acres in the US Arctic Ocean to future oil and gas activity.
After plunking down more than $2.5 billion for drilling rights in U.S. Arctic waters, Royal Dutch Shell, ConocoPhillips and other companies have quietly relinquished claims they once hoped would net the next big oil discovery.
[Read more…] about Big oil abandons $2.5 billion in U.S. Arctic drilling rights
On August 21, the Polarled gas pipeline crossed 66 degrees and 33 minutes north of the equator becoming the first pipeline to cross the Arctic Circle.