Arctic | Egypt Oil & Gas
Saudi Arabia to Participate in Russia’s Arctic LNG project
Saudi Arabia’s Minister of Energy, Industry and Mineral Resources, Khalid A. Al-Falih, said in an interview with TASS that the kingdom will explore the possibility of participating in Russia’s Arctic LNG p...
Russia Cuts Oil Reserves Estimates 50% to Last Until 2044
Russia will run out of oil by 2044, with production beginning to decline in 2020, according to Russian Minister of Natural Resources and Environment, Sergey Donskoy. The minister further explained that although recove...
Norway to Develop Arctic Gas Reserves, Seeking EU Commitment
Norway, Europe’s second biggest gas supplier after Russia, is planning to develop its northernmost reserves in the Arctic, but hinges on a commitment by the European Union to make the fuel part of its strategy to cut ...
Russia Intensifies Military Presence in Arctic Oil&Gas Territories
Russia is building six new military bases in the disputed Arctic territory with an intention to protect its position in the global competition for the unexplored extensive oil and gas reserves, estimated at 90b barrel...
BG Acquires New Stakes in Newfoundland
British-based BG announced their partial acquisition of three exploration blocks off the coast of Newfoundland, CBC reported. The blocks are about 200 km east of Saint John’s, the national capital. Spain’s Repsol sold...
Shell Quits Arctic, Halts Drilling
In a surprise move, Royal Dutch Shell is abandoning its Arctic drilling plans, reported the BBC. The company has maintained one of the largest, and most high profile, commitment to the region. It has so far invested r... Obstacles Persist to Arctic Drilling
There are serious obstacles still confronting Arctic drilling, stated The New York Times in a recent expose. The article mentioned multiple issues, not the least of which are persistently low oil prices. While the Arc... Russia Expands Claims of Oil Resources in Arctic
Russian President Vladimir Putin recently stated that his country is laying claim to an additional 1.2m square km of territory in the Arctic, The BBC reported. Russia has been particularly active in the Arctic region ... 
