Arctic

Biden Administration Criticized for Limits to Arctic Oil, Gas Drilling

The Bureau of Land Management is limiting new oil and gas leasing in the Arctic and also shut down a road proposal for industrial mining purposes.

April 19, 2024

Equinor's Hammerfest LNG Plant Offline After Outage

Equinor's Hammerfest LNG plant suffered a compressor failure caused by a technical problem with a heat exchanger and is expected to remain offline until May 19.

May 5, 2023

Electric Vehicles: A Wrench in the Economics of Arctic Exploration and Drilling

Rystad Vice President Matthew Hale says widespread adoption of electric vehicles will have a significant impact on oil demand and price going into 2030.

May 5, 2023

E&P Highlights: April 24, 2023

Here’s a roundup of the latest E&P headlines, including the Pierce Field starting production after upgrades, a subsea-tieback project going online and some new discoveries in the upstream oil and gas industry.

April 24, 2023

UniCredit Sets Emission Goals for Carbon Intensive Sectors

UniCredit will strengthen its advisory services for companies in carbon-intensive sectors, as well as boost sustainable lending.

January 31, 2023

Norway Plans to Offer Record Number of Arctic Oil, Gas Exploration Blocks

Norway plans to offer 92 exploration blocks in Barents, Norwegian Seas, but the Socialist Left party vows to fight to stop or reduce the plan.

January 24, 2023

A&D Minute (Jan. 11, 2023): Phillips 66's Whopping $3.8 Billion NGL Investment [WATCH]

Also in this week's A&D Minute: What's fueling the multi-billion dollar midstream M&A spending spree? Plus, see what Hilcorp Alaska bid at a Cook Inlet lease sale.

January 11, 2023

Environmentalists Sue to Stop US Oil, Gas Auction off Alaska Coast

Under President Biden's Inflation Reduction Act, the Alaskan sale is required to hold by Dec. 31.

December 21, 2022

Equinor Brings Askeladd LNG On Stream

Phase 1 of Askeladd will bring 18 Bcm of gas and 2 MMcm of condensate to the market via the Hammerfest LNG plant on Melkøya, Equinor stated.

December 12, 2022

Energy A&D Transactions from the Week of Nov. 30, 2022

Here’s a snapshot of recent energy deals including a $1.55 billion acquisition by Diamondback Energy in the Permian Basin and Shell’s nearly $2 billion RNG deal.

November 30, 2022