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.
Norway took a major step towards opening environmentally sensitive areas in the Arctic to oil and gas exploration when the ruling Labor Party gave green light for an environmental impact assessment.
Shtokman project will never be excluded from the oil and gas industry list of strategic priorities according to vice Minister of Energy Kirill Molodsov.
The best alternative according to Statoil is to develop the field using a floating LNG plant, rejecting the planned pipeline to Teriberka outside Murmansk .
Norway’s Statoil will start a major drilling campaign in the Barents Sea this summer, and has decided to push back drilling in the Hoop prospect to next year.
