The plan, contained in a final environmental impact statement, opens 18.7 million acres of the 23 million-acre reserve to development.
The government will auction up to 136 new oil exploration blocks in a major licensing round, with 125 of those in the Arctic Barents Sea, a relatively unspoiled corner of the planet.
Baker Hughes revealed the completion of the First Engine to Test (FETT) for the LM9000 aeroderivative gas turbine on June 9. The test took place at the company’s advanced turbomachinery testing facilities in Florence and Massa, Italy.
Here’s a snapshot of recent energy deals including closing renegotiation of BP’s $5.6 billion Alaska sale to Hilcorp Energy and a $575 million acquisition by Total.
Results from an EOG Resources multiwell Permian Basin prospect in Reeves County, Texas, and a new North Slope wildcat in Alaska top this week’s drilling activity highlights from around the world.
The government proposed earlier April 24 an updated plan setting a new so-called ice edge, setting new limits for oil exploration in its Arctic waters.
Results from two exploratory tests in the Powder River Basin and the first horizontal completion reported in a Central Basin Platform field top this week’s drilling activity highlights from around the world.
Three banks say they will not finance drilling, even as Trump administration lowers barriers.