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.
Developments in Ukraine could result in delays in the Yamal LNG project, leader of French oil company Total admits. At the same time, leading French engineering company Technip announces the landing of a major new contract in the grand Arctic project.
Russia and China are poised to ink a deal that could see up to 60 billion cubic metres of gas flowing east from Siberia to Beijing every year for nearly 30 years.
The US and leading European allies are preparing wider economic sanctions against Russia that can include a ban on export of high-tech equipment for the energy sector. This could have a long-term impact on development of the Arctic shelf.
Working on a development model for the prospective Johan Castberg field, the Norwegian energy company announces two more drilling operations in adjacent waters.
The growing list of individuals sanctioned by the US and EU over the Ukrainian crisis now includes Rosneft CEO Igor Sechin. The planned partnership between Statoil and Rosneft has been postponed, but Statoil insists the postponement is unrelated to the sanctions.
Greenpeace International has scrambled its Rainbow Warrior III ship to intercept a tanker carrying the first oil produced at a Russian Arctic offshore drilling platform.”
