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.
The presidium of the Russian Higher Arbitration Court has supported the French company Total’s right to the reimbursement of 336 million RUB in the Kharyaga oil project.
OSLO: With the exchange of ratification protocols Norway and Russia end forty years of unsettled relations in the Barents Sea. Oil and gas mapping in the area might start already in July.
President-elect Vladimir Putin outlines a highly favorable tax regime for offshore drilling in the Arctic in an attempt to attract foreign companies. “It should create hundreds of thousands of new high-tech and well-paying jobs,” Putin says.
