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2014-09-03 18:30:00

RUSSIA ARCTIC AMBITIONS

RUSSIA ARCTIC AMBITIONS

Beneath the Kara Sea, north of Russia's Siberian coastline, lies more oil than can be found in the whole of the Gulf of Mexico. That, at least, is the Russian government's estimate – and the reason why ExxonMobil began drilling a well there with Rosneft just four weeks ago.

But the companies' attempts to realise the Russian Arctic's potential are now being severely threatened by the western sanctions imposed on Russia over the conflict in Ukraine.

And it is not the only project at risk. Other ventures worth billions of dollars are in limbo, putting Moscow's ambitions to develop its huge Arctic and shale reserves…

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Tags: RUSSIA, OIL, GAS, EXXON, ROSNEFT, NOVATEK, LNG, ENI, STATOIL, TOTAL
Chronicle:
RUSSIA ARCTIC AMBITIONS
2019, June, 25, 13:10:00
OIL PRICE: NEAR $64 ANEW
Brent crude futures were down 12 cents at $64.74, U.S. crude futures were up 3 cents at $57.93 a barrel.
RUSSIA ARCTIC AMBITIONS
2019, June, 25, 13:00:00
US, IRAN SANCTIONS ANEW
the United States had never targeted an Iranian head of state before and that was a sign Trump was getting personal.
RUSSIA ARCTIC AMBITIONS
2019, June, 25, 12:55:00
US CAN CLOSE HORMUZ
U.S. President Donald Trump said on Monday that other countries, including China and Japan, should protect their own oil tankers in the Middle East.
RUSSIA ARCTIC AMBITIONS
2019, June, 25, 12:50:00
U.S. FINANCIAL RISKS UP
In addition, a number of medium-term risks are growing. The financial system appears healthy but vulnerabilities in leveraged corporates and, potentially, in the nonbank system are elevated by historical standards. An abrupt reversal of the recent supportive financial market conditions or a deepening of ongoing trade disputes represent material risks to the U.S. economy, with concomitant negative outward spillovers. The U.S. public debt-to-GDP ratio is on an unsustainable path and is expected to continue rising throughout the medium-term, as aging related spending rises.
RUSSIA ARCTIC AMBITIONS
2019, June, 25, 12:45:00
GAS DEMAND WILL UP 46%
Dr. Sentyurin also highlighted that - according to the Forum’s projections - by 2040, the demand for natural gas is expected to increase at an annual average pace of 1.7%, corresponding to overall growth of 46%. Most of this demand growth will come from the Asia-Pacific region, with Europe continuing to be an attractive market for many gas producers.
RUSSIA ARCTIC AMBITIONS
2019, June, 25, 12:35:00
CHINA, BRITAIN NUCLEAR TECHNOLOGIES
UK-based research and development company Innovative Physics Ltd (IPL) and China Environmental Protection Company Ltd (CEPC) have signed an agreement on technologies and skills to further improve the safety of nuclear power plants in China and overseas.
RUSSIA ARCTIC AMBITIONS
2019, June, 24, 12:30:00
OIL PRICE: NEAR $65 YET
Brent crude futures rose 0.7% to $65.66 per barrel, near Friday’s three-week high of $65.76, while U.S. crude futures were up 1.1% at $58.07, standing at its highest in over three weeks.
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