What the One Big Beautiful Bill Act Entails for the Arctic While US President Trump's One Big Beautiful Bill Act has been heavily criticized for its tax reliefs for the wealthy and significant cuts in welfare spending, the country's Arctic state, Alaska, may benefit from its implementation.
Norway Intends to Offer Record-Level of Oil and Gas Exploration Blocks in the Arctic Norway plans to offer a record 92 blocks for oil and gas exploration in the Arctic during the 2023 concession round as the government states that new discoveries in “the north” will be key for the country and Europe. During 2020 Norway became Europe’s largest energy supplier taking over the top position from Russia.
Everybody Wants Something in the High North. But What Exactly Do They Want? (Commentary) Rome/Bodø: Everybody wants something with the High North, but do they really know what they want? Is it possible at all to find a pattern behind the pompous words embracing people and business in the Arctic? I have been traveling the north for some time now, and I doubt their will less than their abilities.
Rosneft Sells 5 Percent Stake in Arctic Oil Project Rosneft has sold a 5 percent stake in an Arctic oil project to two commodity trading houses based in Switzerland and Singapore.
Court Decision Stops Trump’s Attempt to Allow Arctic Drilling The Ninth Circuit Court of Appeals has ended the dispute over former President Trump’s attempt to open up for oil and gas drilling in 128 million acres of the Arctic and Atlantic oceans.
The Struggle Over the Ice Edge Decides the Future of Norway’s Oil Where does one draw the boundaries for the Arctic? Who gets to define it? That is one of the major and challenging issues that Norwegian politicians need to answer before voting over a new Barents Sea management plan in April.
Writing the First Chapter of 50 New Years of Norwegian Oil History On Tuesday, there was much fanfare when the Johan Sverdrup field in the North Sea was officially opened. This was the launch of 50 new years of oil history in Norway. A major paradox, environmentalists argue.
Russia Will Be Hit Hard by Dropping Demand for Oil The International Energy Agency (IEA) expects global demand for oil to drop from 2025. That will hit Russia hard.
Misleading the public: Arctic National Wildlife Refuge debate flared up again After the timeframe for submitting comments on the draft Environmental Impact Statement for drilling in Arctic National Wildlife Refuge (ANWR) has closed, the organization Public Employees for Environmental Responsibility (PEER) claims that essential information was withheld from the public. Several sources also argue that the potential revenue from drilling is greatly overstated.
A trend to leave the Arctic Statoil’s withdrawal from its Alaskan lease areas follows a trend among major oil companies to depart from the Arctic or postpone exploration.
