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.
As Russian President Vladimir arrives in Beijing for a state visit, oil company Rosneft announces drilling contract with China Oilfield Services Ltd (COSL) in joint project with Statoil.
Washington introduces sanctions against Gazprom’s Yuzhno-Kirinskoye field, one of the biggest hydrocarbon projects on the Russian shelf. That could have consequences also for Statoil’s cooperation with Rosneft in a nearby license.