Latest news
Russia to attract foreign investors to develop Arctic offshore shelf
The Russian government announced the new incentives to attract major investors in order to develop projects on the country’s Arctic offshore shelf, as well as in East Siberia.
read more... 24/09/2012
Novatek launched the construction of Sabetta LNG port
Novatek, the second gas producer in Russia, started the construction of a $30 billion Arctic port, called Sabetta, located on the North-East of the Yamal Peninsula in Yamal-Nenets Autonomous Region.
read more... 23/07/2012
Rosneft to strike a $2.5 billion Arctic deal with Statoil
The Russian state oil giant Rosneft announced that it inked a $2.5 billion Arctic exploration deal with Norway's major Statoil on Saturday, move that will allow companies to jointly develop four hydrocarbon deposits in Russia's Arctic and Far East.
read more... 07/05/2012
Gazprom and Total to develop arctic reserves
Alexey Miller, Chairman of the Gazprom Management Committee and Christophe de Margerie, Chairman of the Board of Directors and CEO of Total met on Friday in Saint Petersburg to discuss the next step in the development of Shtokman natural gas field in the arctic waters on the Russian continent shelf, which is considered by Gazprom to be a strategically important move.
read more... 28/02/2012
TNK-BP to invest $10bn in Arctic oil fields
Russian oil company TNK-BP, 50 % owned by BP, will invest up to $10 billion in Arctic oil field development and construction of a pipeline, enabling thus the export of its reserves to Chinese markets by 2016.
read more... 15/12/2011