The oil branch of Russian energy giant Gazprom will start producing from its newest Arctic field in the next few weeks, a news report said, casting doubt of efforts to agree a global output freeze.
A series of mishaps at the world’s northernmost producing oil field shows Norway’s plan to boost its flagging production by tapping the Arctic Ocean may not be so easy.
Shell has donated its Arctic energy exploration permits to the Nature Conservancy of Canada following its controversial exit from the region last year.
Documents have revealed a number of companies have given up on leases in the Arctic Ocean less than a year after oil major Shell revealed it would be ending its exploration in the region.
Oil major Shell has reportedly given up on all but one of its offshore leases in the Chukchi Sea, less than a year after it ditched Arctic drilling plans.
By Mairead Maguire, Rigoberta Menchú Tum, Jody Williams,Shirin Ebadi,Tawakkol Karman,
In a powerful call for international action on climate change, a group of Nobel Peace Prize laureates recently sent a letter to the Heads of State who comprise the Arctic Council, urging them to protect our climate and the Arctic from oil and gas exploration.
A plan for developing Norway's Zidane natural gas field could be presented in the second or third quarter of 2016, with the early parts of summer being the most likely time frame, Austria's OMV has indicated.
The US government has launched new curbs on oil and gas exploration in Arctic waters.
The move comes after oil major Shell announced it was pulling out of its drilling activity in the region.
The US Interior department said as well as cancelling two potential Arctic offshore lease sales and would not extend current leases.
Norway, western Europe’s biggest oil and gas producer, warned companies that failing to extract less profitable barrels could weaken their chances of getting exploration blocks in a new area of the Arctic Barents Sea.
Oil major Shell said two drill vessels it had been using before it pulled out of its Arctic operation have safely departed from Alaska.
The Noble Discoverer is on its way to Washington State along with the Polar Pioneer after both received a Coast Guard inspection and refuel.
Shell said the next destinations for both vessels have not yet been decided upon.
Oil major Shell could still house some of its fleet in Seattle’s port despite pulling out of plans for exploratory drilling in Alaska.
The company said last month it would no longer be pursuing Arctic drilling for the foreseeable future after disappointing results from an initial well.
Seattle Mayor Ed Murray said the ruling by deputy hearing examiner Anne Wantanable to clear the way for the possibility of Shell using Terminal 5 for the Polar Pioneer was disappointing.
Wantanabe said the attempt by the city’s department of planning and development to require a new land-use permit relied on “inaccurate” characterisations of the work to be done.
Oil giant Shell has completed the sale of Smart Fuel to St1 Nordic Oy of some of its downstream businesses in Norway.
The company said it would still continue to remain highly visible in the country, despite the deal for its retail, commercial fuels and supply and distribution logistics businesses.
Shell and St1 have also joined forced to create Aviation Fuelling Services Norway AS, a joint venture to sell aviation fuel in Norway.