Eni Acquires 70% stake in Oooguruk Field Offshore Alaska
Italian oil and gas company Eni has agreed to acquire a 70% stake in the Oooguruk oil field located offshore Alaska from Caelus Natural Resources Alaska for an undisclosed price.With Eni…
U.S. DOI Okays Hilcorp AK Offshore Oil & Gas Project
BSEE Approves Arctic Offshore Suspension Requests
The Bureau of Safety and Environmental Enforcement (BSEE) approved suspensions of operations Tuesday in response to requests from the Arctic Slope Regional Corporation Exploration, LLC (AEX) related to AEX’s 20-lease Taktuk Unit…
Alaska Requests Limits on US Offshore Drilling
Alaska Governor Bill Walker said on Tuesday he has asked U.S. Interior Secretary Ryan Zinke to pare back a Trump administration plan for oil and gas leasing off the state's coast. While Walker supports offshore oil development…
Eni Begins Drilling Oil Well in Alaska's Beaufort Sea
Italian oil producer Eni this week began drilling a new well in U.S. waters off the north coast of Alaska, becoming the first company to do so since 2015, federal regulators said on Wednesday.
Alaska's Petroleum Reserve at 9 bln bbl - USGS
Alaska's National Petroleum Reserve and adjacent lands have an estimated 8.7 billion barrels of recoverable oil, the U.S. Geological Survey said on Friday, up from an estimate of about 1.5 million barrels made in 2010.
Trump Administration Approves Eni Plan to Drill Offshore Alaska
Eni US will become the first energy company allowed to explore for oil in federal waters off Alaska since 2015 after the Trump administration this week approved a drilling plan on leases…
Arctic Drilling Ban Gives Canada Leg Up -US Lawmakers
U.S. lawmakers on Wednesday slammed an agreement made with Canada to ban offshore Arctic drilling, saying Ottawa's plan to review its ban every five years gives Canada a leg up on energy exploration. U.S.
White House ‘Playing Politics’ Arctic Drilling Ban -AEC
The Obama Administration announced that it will ban offshore oil and gas development throughout much of the U.S. Arctic. Under the authority of a provision in a 1953 law, the decision designates…
Obama Bans New Drilling off Alaska, Part of Atlantic Shore
U.S. President Barack Obama on Tuesday banned new oil and gas drilling in federal waters in the Atlantic and Arctic Oceans, in a push to leave his stamp on the environment before Republican Donald Trump takes office next month.
Hundreds of Scientists Urge Obama to Halt Arctic Oil Drilling
Nearly 400 scientists from more than a dozen countries signed a letter urging U.S. President Barack Obama to take the Arctic Ocean out of the next federal offshore lease sale plan, thus…
Arctic Oil Drilling: Why Does U.S. End It?
The Obama administration has taken steps to keep drill rigs out of Alaska's northern ocean for a decade or more. The sudden of turnabouts is attributed to slowing down of economy. The U.S.
Canada Arctic Drilling Rules May Stifle Development
Canada's offshore Arctic drilling rules could "stifle" development since they do not provide incentives for companies to proceed with production after discovering oil, the government was…
Imperial Oil/Exxon/BP Gr defer drilling in Canada's Arctic
Imperial Oil Ltd said on Friday it and partners Exxon Mobil Corp and BP Plc need more time before they can drill an exploratory well in Canadian Arctic waters and are seeking an extension…
Imperial Oil Defers Drilling in Canada's Beaufort Sea
Imperial Oil Ltd said on Friday it is deferring plans to drill an exploratory well in the Beaufort Sea in Canada's Arctic as it seeks an extension to the length of its exploration license in the region.
Hovercraft Creates Lifeline to Alaska Drill Site
About half a million barrels of oil is extracted each day from Alaska’s Prudhoe Bay oilfields. One of its drilling sites, Endicott, is located on a spit of land connected by the gravel…
Shale Revolution in US Cannot Alter Arctic Oil
Even the so-called shale revolution in the United States did not stop striving for sustainable business with the direct support of the state to extract "Arctic" oil Don wrote on his page to Facebook.
ExxonMobil Resumes Drilling at Point Thomson
ExxonMobil announced today that it has resumed drilling at Point Thomson on Alaska’s North Slope as construction continues toward bringing the initial production system online. “The Point…
Slashed Energy CapEx Pumps Brent Pricing
More companies cut upstream investments around world; strong U.S. production continues to drag on prices. Brent crude jumped 3 percent to above $63 a barrel on Thursday, extending a rebound…
Chevron Cancels Canadian Arctic Drilling
Chevron Corp is putting a plan to drill for oil in the Beaufort Sea in Canada's Arctic on hold indefinitely because of what it called "economic uncertainty in the industry" as oil prices fall.