Arctic

Exploration & Production , Lease Sales

Norway Offers 84 Exploration Blocks in 2021 Licensing Round

The so-called predefined areas (APA) licensing rounds were introduced in 2003 to facilitate exploration in the most geologically known parts of the Norwegian continental shelf.

February 25, 2021

Business , Exploration & Production , Policy & Regulations

Appeals Court Halts Construction at ConocoPhillips Alaska Project

The injunction issued Feb. 13 night bars ConocoPhillips from conducting winter gravel mining and gravel road-building for the $2 billion-plus Willow crude oil project in Alaska while the lawsuit is ongoing.

February 15, 2021

Field Development , Liquefied Natural Gas (LNG) , Construction , Pipelines

Alaska Seeks to Build North Slope Natural Gas Pipeline

The proposed $5.9 billion pipeline would run roughly 500 miles (800 km) and could start delivering natural gas into central Alaska in 2025, according to a report.

February 5, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Jan. 20, 2021

Here’s a snapshot of recent energy deals including the closing of ConocoPhillips’ $13.3 billion acquisition of Concho Resources, one of the largest independent shale producers in the Permian Basin. 

January 20, 2021

Exploration & Production , Policy & Regulations , Lease Sales

Trump Administration Issues Last-minute Drilling Leases in Arctic Refuge

Formal issuance of the leases in Alaska's Arctic National Wildlife Refuge came a day before the inauguration of Democratic President-elect Joe Biden, who has pledged to ban new oil and gas leasing on federal lands.

January 19, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Jan. 13, 2021

Here’s a snapshot of recent energy deals including the closing of Devon’s all-stock merger with WPX plus Pioneer completed its acquisition of Parsley creating a premier Permian independent energy company.

January 13, 2021

Exploration & Production , Lease Sales

Trump Administration Drilling Auction for Arctic Refuge Attracts Little Interest

The sale of drilling leases in the Arctic wildlife refuge in Alaska received 16 bids in total for 12 of the 22 tracts offered, generating around $14.4 million in high bids.

January 6, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Jan. 6, 2021

Here’s a snapshot of recent energy deals including the closing of Cenovus Energy’s nearly $5 billion acquisition of Husky plus a $215 million deal in the Powder River Basin.

January 6, 2021

Lease Sales

On the Market Oil and Gas Quicklist (Week of Jan. 6, 2021)

Here’s a quicklist of oil and gas assets on the market including the sale of a mineral listing totaling 6,299.73 net mineral acres in Wyoming’s Campbell County.

January 6, 2021

Exploration & Production , Policy & Regulations

Judge Denies Effort to Stop Arctic Refuge Drilling Auction

Environmental groups had sought a preliminary injunction against drilling in the Arctic National Wildlife Refuge.

January 6, 2021