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.
The oil resources of the Kara Sea are comparable with the ones of Saudi Arabia, Rosneft’s Igor Sechin told President Putin in a televised call from the company’s first Kara drillsite.
The Russian company this summer assembled 3D seismic data from a 2800 square kilometer area in the Barents Sea. The company believes the area could hold 1.4 billion tons of oil and 1.9 trillion cubic meters of gas.
Brent crude tumbles below $50 per barrel on Wednesday, but Eni insists the economics are robust at the €4,86 billion Goliat field. Also the Norwegian Oil and Gas Association has great faith in the future in the Barents Sea.
Russia’s largest company and the largest extractor of natural gas in the world is facing hard times as supplies to Ukraine are suspended and oil prices are collapsing.
Norwegian oil terminal company Norterminal is boosting its position in Russian Arctic energy as it takes on reloading of more oil from Lukoil’s Varandey terminal.
