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.
Lukoil’s oil terminal on the Pechora Sea coast in 2012 had a 20 percent drop in both exports and revenues. But shipments are expected to bounce back in 2013.
LULEÅ: Your next Google search could very well be powered from Maevaara wind farm in northern Sweden. Google’s new data-center in Finland has signed a ten-year purchase deal.
Tax increases announced last month by the Norwegian government lessens Statoil’s rush to develop Johan Castberg field, the so-far only large oil discovery in the Barents Sea.
For the modest sum of €65 million, the Russian state-owned Rosneft and Gazprom this week got licenses to five Arctic fields holding an estimated 4,2 trillion cubic meters of gas and almost 600 million tons of oil.
Gazprom slashes gas production plans at the huge Bovanekovo field and could be forced to radically change its grand development scheme for the gas-rich Arctic peninsula.
One month ahead of his visit to the Norwegian Barents town of Kirkenes, Prime Minister Dmitry Medvedev issues licenses to four nearby Barents Sea fields.
Relations between Russia’s three biggest energy companies get increasingly tense as Rosneft and Novatek together seek to push Gazprom down from its powerful monopoly position.
The Norwegian government’s readiness to drill in the formerly disputed waters in the Barents Sea opens not only a new petroleum province, but possibly also a new phase in relations with Russia.
