All publications by tag «ARCTIC»
2019, April, 17, 11:10:00RUSSIA'S ARCTIC ENERGY
Russian energy major Gazprom Neft expects the Arctic to account for more than half its oil and gas production by 2020,
2018, December, 21, 13:55:00SAIPEM, RENAISSANCE IN RUSSIAN LNG
SAIPEM - Saipem, in Joint Venture with Renaissance, a Turkish oil&gas services company, has been awarded a new Onshore E&C project in the Russian Federation worth 2.2 billion Euro overall. As leader of the JV, with a shareholding of 50%, Saipem’s portion of the total amount is therefore approximately 1.1 billion Euro.
2018, July, 11, 09:20:00RUSSIAN ARCTIC ROUTES
BLOOMBERG - “Now we can safely say that Russia will expand through the Arctic this and next century. This is where the largest mineral reserves are located. This is the site of a future transport artery that I am sure will be very good and efficient: the Northern Sea Route.”
2017, December, 11, 10:10:00RUSSIAN ARCTIC OIL
Russia has three oil export terminals on its Arctic coast. Shipments began from Lukoil PJSC's 240,000 barrel a day Varandey terminal in 2008. It now handles about 150,000 daily barrels from nearby fields. Gazprom Neft's Prirazlomnoye field produces approximately 80,000 barrels a day, with a target capacity of 130,000. The same company's 170,000 barrel a day Arctic Gate terminal started operations this year and exports about 150,000 barrels a day from the Novoportovskoye field. Crude from all three terminals is shipped in shuttle tankers to Murmansk, from where cargoes are sent on larger vessels to Europe.
2016, May, 10, 18:15:00MAJORS RELINQUISHED $2.5 BLN
The pullout comes as crude oil prices have plummeted to less than half their June 2014 levels, forcing oil companies to slash spending. For Shell and ConocoPhillips, the decision to abandon Arctic acreage was formalized just before a May 1 due date to pay the U.S. government millions of dollars in rent to keep holdings in the Chukchi Sea north of Alaska.
2015, December, 4, 21:30:00STATOIL WANTS ARCTIC
“There are no geographical boundaries for profitability,” Nylund said in the interview in Kristiansund on the coast of central Norway. “When you work with solutions, optimizations, adjustments here and there, you see that the cost level comes down.”
2015, October, 20, 19:25:00U.S. ARCTIC DECISION
The API Director of Upstream Erik Milito released the following statement regarding the Obama administration’s decision to deny Arctic offshore development extension requests and scheduled 2016 and 2017 Arctic lease sales
2015, August, 18, 20:55:00SHELL WILL DRILL ARCTIC
The Obama administration granted Royal Dutch Shell final clearance on Monday to resume drilling for oil and gas in the environmentally fragile Arctic Ocean for the first time since 2012, a move green groups vowed to fight.
2015, August, 6, 18:30:00RUSSIAN ARCTIC ENERGY
The Arctic has become a theatre for rival claims over a sea floor believed to be rich in minerals, oil and gas.
2015, July, 9, 19:20:00SHELL NEEDS ARCTIC
Royal Dutch Shell PLC is days away from drilling in the Arctic Ocean—betting it can find enough oil to justify the huge risks that keep almost every other competitor out of those icy waters.