Arctic Oil & Gas News

Russia Chooses ‘Soft’ Approach To The Arctic – Analysis by Igor Alexeev, posted on the Eurasia Review

Recent initiatives in the Arctic Council show that Arctic nations have chosen business as a universal language of rapprochement. Russia’s limited military presence should be viewed as an opportunity to build a safer economic environment without prejudicing the security of anyone. [Read More…]  

Arctic Oil Still Seen Decades Off as Producers Balk at Costs by Mikael Holter and Niklas Magnusson, posted on Bloomberg BusinessWeek

Lundin Petroleum AB (LUPE), the Swedish explorer focused on Norway, said there won’t be any new oil output in the ice-filled waters of the Arctic for at least 15 years because of technical and logistical challenges.  [Read More…]  

Oil companies push ahead in Russia, Canada while sidelined in the U.S. by Mia Bennett, posted on the Alaska Dispatch

Earlier this month, the Wall Street Journal reported that more crude oil is being sent by sea and inland waterways as a supplement to railways and pipelines. [Read More…]  

Conservatives eye Arctic reindeer reserve for oil and gas exploration by Steve Rennie, posted on Nanaimo Daily News

Tracts of land that had been set aside for reindeer grazing in Canada’s North have instead been offered up by the Conservative government for oil and gas exploration, newly released documents show.  [Read More…]  

Drones are invading the Arctic! by Clay Dillow, posted on CNBC

Stringent Federal Aviation Administration (FAA) rules prohibiting the use of unmanned aircraft for commercial use has largely kept American companies from leveraging drone technology to their advantage, but that’s rapidly changing in the Arctic, where a series of FAA decisions handed down in the past year are easing restrictions on commercial drone flights.  [Read More…]  

Statoil Disappointed as Oil Hopes Fade at Delayed Arctic Project by Mikael Holter, posted on Bloomberg News

Statoil ASA (STL) said a fourth well meant to boost oil resources at its delayed Johan Castberg project in the Barents Sea found only gas, increasing pressure on Norway’s biggest energy company to cut development costs.  [Read More…]  

Ukraine’s discord linked to Russian oil and gas by Mike Sigov, posted on the Toledo Blade

The death and abomination that are going on in Ukraine should be blamed on the greed of some corrupt Russian officials and Russia’s dependence on the oil and natural gas industry. [Read More…]  

Guest: Shell, the U.S. not prepared for risks of drilling in Arctic Ocean by Dan Ritzman, posted on The Seattle Times

America’s Arctic is a place like no other. Its unique conditions — extreme weather, long periods of darkness and its remoteness — make it both harsh and fragile. It’s a place often underestimated, especially when it comes to drilling for oil in the Arctic Ocean.   [Read More…]    

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