U.S. oil firm Chevron will become the first oil major to formally exit the Norwegian continental shelf (NCS) as it transfers its last stake in an exploration license, according to a government letter.Oil majors, including Exxon Mobil, BP and Shell, have scaled down their presence in Norway by selling or merging their assets in the mature region to focus on new growth opportunities elsewhere.Chevron is also seeking to sell assets in the British North Sea in order to focus on growing U鈥
Alaskan focused oil and gas group, 88 Energy Ltd (ASX:88E) provided a further update on Monday regarding the progress of the group鈥檚 Charlie-1 appraisal well on the North Slope of Alaska.With the rig mobilised and drilling to start this weekend鈥
Russian and Norwegian exploration and production (E&P) operators have been expanding their operations in the Arctic continental shelf, which is estimated to hold vast deposits of hydrocarbons and rare earth minerals.Warming temperatures in the鈥
Russian oil company Lukoil has been given state approval for its new absorbent and biotechnology-based oil spill response technologies for Arctic regions. Lukoil says the technologies, on which it has taken out nine patents, have been designed鈥
U.K.-based international bank Barclays announced a new energy policy that significantly restricts the bank鈥檚 financing for the exploration or extraction of oil and gas in the Arctic.The policy rules out funding for companies seeking to drill鈥
The Norwegian government has postponed a decision on whether to mandate the construction of an oil processing terminal near the Arctic tip of northern Europe until the third quarter of next year, it said on Friday.If built, the onshore Veidnes鈥
云顶赌场老虎机 vessel owner ESVAGT says it has set its sights on growth opportunities in Arctic regions where an uptick in oil and gas production is expected in coming years. In the Barents Sea, for example, the Norwegian Petroleum Directorate as鈥
The European Union (EU)-funded 'Safe maritime operations under extreme conditions: the Arctic case' (SEDNA) project is developing ways to improve the design, operation, navigation and anti-icing features of ships traversing the harsh Arctic region鈥
BHP and Equinor secured exploration blocks of the eastern Canadian province of Newfoundland and Labrador in a bid offering Wednesday that drew record high net bidding over C$1.3 billion.BHP will operate two exploration parcels in the offshore Orphan Basin鈥
Norway's oil industry must harness digital technology and foster deeper partnerships across the sector to contain rising costs, Petoro, which manages the government's stakes in the country's offshore fields, said on Thursday.Executives of oil鈥
Norwegian oil and gas firm Equinor has found more oil near its Johan Castberg field in the Arctic Barents Sea, the company said on Monday.The Skruis exploration well, drilled about 8 kilometers north of the original discovery, indicated a volume of 12-25 million recoverable barrels of oil鈥
Gazprom's output in the last nine and a half months is up by 6.8 percent year on year and the Russian gas producer expects production close to 500 billion cubic metres (bcm) this year, RIA news agency cited its chief executive as saying.The TASS news agency鈥
Thousands of Halifax Shipyard shipbuilders, along with the ship鈥檚 company, joined Government of Canada and Royal Canadian Navy representatives to celebrate Madame Sophie Grégoire Trudeau, the ship鈥檚 sponsor, to officially name Canada鈥檚 lead Arctic and 云顶赌场老虎机 Patrol Ship鈥
Swedish oil firm Lundin Petroleum expects to increase its resource estimate for the Alta discovery in Norway's Arctic region following a successful two-month production test.Finding significant oil reserves in the Norwegian Arctic has been challenging for oil firms鈥
Production of oil and natural gas at the Russian Pacific island of Sakhalin is expected to decline next year, the local government said in an emailed response to a Reuters query.Sakhalin, which is also famous for producing seafood, derives most鈥
