The Russian gas company considers to build a plant for production of petroleum installations in Murmansk.
The Nordic Council of Ministers spent more than 20 year to develop cooperation with Northwest Russia. Then it was given status as “foreign agent”.
The field named “Eagle” is located only about 100 km from the Russian border and will be the easternmost ever drilled on the Norwegian shelf.
The development of the Murmansk Transport Hub might be in jeopardy as costs swell and a key private investor seeks way out of the project.
The loading of oil from the platform to tankers has been taken to a high level of automatism, operator company Gazprom Neft says.
As the Goliat platform approaches the Barents Sea ready to start drilling, oil companies’ interest in the Arctic reaches new low. Statoil postpones the development of its Johan Castberg field.
Russia’s northernmost coal-producing region in 2014 experienced hardship and decline.
According to Russian Minister of Energy Aleksandr Novak, there is four times more oil than previously annonced in the University-1 field.
Moscow invites Chinese companies to take on more than 50 percent in strategic fields. That will open China’s door to major Arctic resources.
The North Atlantic Drilling Ltd believes there are “significant risks” related to its $4.1 billion Arctic contracts with Rosneft.
