Jan. 28 Russian oil company Rosneft has secured another 12 licences to explore areas of the Russian continental shelf, deputy prime minister Arkady Dvorkovich said, according to RIA Novosti. Under existing legislation, only Russian state-controlled companies Rosneft and Gazprom can be granted offshore licences, despite the intense lobbying of Lukoil, Russian largest independent oil producer.
Jan. 24 Russia will submit its final Arctic territorial claim to the UN by the end of this year, said Artur Chilingarov, to the Moscow Times. The Arctic sientist and explorer led the expedition which planted a Russian flag on the North Pole’s seabed in 2007. The claim, if approved, would add 1.2 million square kilometers of exclusive economic zone on Russia's continental shelf. Jan. 26 Greenpeace activists occupied a Shell petrol station in the Swiss resort of Davos during the World Economic Forum, to protest against the company’s exploration campaign offshore Alaska. A fake polar bear and a banner with the words «Arctic oil – Too risky» were displayed. Shell launched a legal action against Greenpeace in Amsterdam last September, after similar protest actions from the NGO in the Netherlands.
Jan. 23 Gazprom may loose its gas export monopoly, according to Russian prime minister Dmitry Medvedev. “It is possible, because there are other, independent gas producers. But we mustn’t lose money,” he said on Bloomberg TV. Novatek, Russia’s largest independent producer, is now pushing for the right to sell the future production of liquefied natural gas from its Yamal LNG project.
Jan. 11 Russian companies Novatek and Gazprom have struck a deal to create a joint venture to increase LNG (Liquefied Natural Gas) production on the Yamal Peninsula. The goal is to reach over 30 million tonnes per year, doubling the production planned at the Yamal’s LNG project, on which Novatek partners with Total, Reuters reports. Putin has urged Gazprom to develop its LNG exports towards Asia instead of Europe.
Norway’s oil and gas industry has laid the foundations for increased activity in the Norwegian sea by pledging to build an offshore pipeline which will provide the area with a transport infrastructure for its existing and future gas fields productions. On January 8, the state-controlled Norwegian company Statoil, along with 9 partners gathered in the Consortium Polarled […]
COMMENTARY: Shell and the US Coast Guards have successfully freed the grounded Kulluk drilling unit from the unhabited Alaskan island where it remained stranded for a week. But, if the rig has now been towed to safety to the nearby Kiliuda bay, the incident is likely to have broad repercussions on Shell’s search for Arctic oil. In the short-term, the impact of this […]
Iceland has given an official go-ahead to the first-ever exploration campaign for oil and gas in its waters. On January 4, the country signed an agreement with Norway which allows it to formally issue the two licences provisionally awarded in December 2012 to UK-Based Faroe Petroleum and Valiant Petroleum to explore the Dreki Area, off Iceland’s northern […]
Shell’s controversial Arctic oil venture encountered its latest and most spectacular setback when one of its two drilling rigs grounded on an inhabited island off the south Alaskan coast on December 31, renewing criticism from opponents of the company’s ambitious plans to drill there. The Kulluk grounded on the southeast shoreline of Sitkalidak Island [...]
Russian gas giant Gazprom will pursue preparation work for the Shtokman project, despite the venture’s apparent standstill following a disagreement within the international partnership set up to develop the Arctic offshore field. In a press release published on December 14th, Gazprom said that a bidding procedure for designing a LNG plant […]