EU To Seek Ban on Oil, Gas Exploration in the Arctic
The European Commission proposal reflects the EU's efforts to boost its role on the global stage, though it has limited influence in the Arctic.
US House Democrat Proposes Repeal of Arctic Refuge Oil Lease
The office of House Natural Resources Chairman Raul Grijalva released legislation that repeals the Arctic National Wildlife Refuge (ANWR) oil and gas program.
US Orders New Review of Drilling in Alaska Wildlife Refuge
The widely anticipated move comes two months after U.S. President Joe Biden’s administration suspended the nine leases in the Arctic National Wildlife Refuge pending an environmental analysis.
Greenland Ends Unsuccessful 50-Year Bid to Produce Oil
Greenland has ended its 50-year ambition to become an oil producing nation after announcing on July 16 it would suspend a strategy of searching for oil and would stop granting exploration licenses.
Best of This Week’s Drilling Activity Highlights (July 1, 2021)
Pantheon Resources North Slope test, Chesapeake Marcellus well completion plus EOG Resources Eagleville Field wells producing from the Eagle Ford Shale and Austin Chalk top this week’s oil and gas drilling activity highlights from around the world.
Norway Awards Arctic Oil Exploration Permits, But Fewer Firms Apply
The awards were part of Norway’s licensing rounds that cover previously unexplored frontier areas.
US Suspends Arctic National Wildlife Refuge Oil Leases Pending Review
The order reverses an effort to expand oil and gas development in the U.S. by the Trump administration.
Regulator: Equinor’s Castberg Oil Field Delayed Until End of 2023
The Petroleum Safety Authority said in a statement it had identified “serious breaches” of regulations in the construction of the hull for the oil field’s FPSO vessel.
Biden Administration Backs ConocoPhillips Alaska Oil Project
In February, an appeals court blocked construction of ConocoPhillips’ $2 billion-plus Willow crude oil project in Alaska.
On the Market Oil and Gas Quicklist (Week of May 12, 2021)
Here’s a quicklist of oil and gas assets on the market including Whiting Petroleum’s Redtail assets in Colorado’s Weld County and a Henry Resources Permian Basin divestiture plus nonop working interest packages in the Midcontinent and Barnett Shale regions.