Arctic
Exploration & Production , Policy & Regulations
US Appeals Court Affirms Arctic, Atlantic Leasing Bans
The 9th Circuit Court of Appeals said President Joe Biden’s reinstatement of Obama-era protections makes moot the previous administration’s attempts to allow oil development there.
Investment , Emissions , Technology
Baker Hughes Boosts New Energy Focus with Recent Carbon Storage Partnership
As part of the partnership, Baker Hughes plans to also explore new processes and technologies across the carbon capture, transport and storage value chain for the energy industry.
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.
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.
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.
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.
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.
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.
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.
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.