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.
Russian state-owned oil company Rosneft wants half of all national shelf resources, a new development programme from the company reveals. By year 2030, the company intends to produce up to 70 million tons of oil per year on the shelf.
The development of the Yuzhno-Tambeyskoe gas field in the Yamal Peninsula will be started no earlier than year 2024, Gazprom says. That information is likely to disappoint foreign companies Shell and ENI, which both seek stakes in the project.
StatoilHydro announced on Friday that it has discovered hydrocarbons in an exploration well in the “Caurus” prospect near the “Snohvit” field in the Barents Sea. The Caurus prospect is situated 160 kilometres off the coast of northern Norway.
The Church of Norway this week called on the Norwegian government to stall all oil exploration projects the next five years. Norway needs to reflect on the inter-relation between climate change and its oil industry, the Church argues.
Petroleum experts says Norway’s newly defined continental shelf in the north is very good news. The Arctic shelf now included into Norwegian jurisdiction can contain oil and gas worth billions.
As of November 1st 2009, StatoilHydro will change its name to Statoil. Recently the company released the new logo which will adorn the group’s installations and buildings in the future. However, the new profile had to endure a lot of criticism.
Russian energy major Gazprom will postpone the launch of the Bovanenkovo field in Yamal until 2012, a high-ranking company representative confirmed today.
The development of Teriberka, the hub for the development of the Shtokman field, was on the agenda when several prominent Gazprom leaders met in the company’s Moscow headquarters.
