Billions are invested in the Zvezda yard outside Vladivostok to make it capable of meeting Russia’s growing demand for ice-protected ships and platforms.
Gazprom Neft has for the first time sent oil from Yamal along the northern Sea Route in winter conditions. 16.000 tons of crude oil was shipped to European consumers by oil tanker, escorted by a nuclear icebreaker.
Falling oil price hits Norway hard. Exported crude oil for NOK 13.2 billion (€1.54 billion) in January, less than half from the corresponding month last year.
Russia’s President Vladimir Putin has decided to give Rosneft’s partners and contractors at the Universitetskya field in the Kara Sea the Order of Friendship.
Given the impact of sanctions, low prices and the absence of any large projects expected to come on-line, oil production in Russia will drop in 2015 by 70,000 barrels a day, a report from OPEC projects.
