Investments in Geological Exploration in the Arctic Have Reached Nearly 175 Billion Russian Rubles
The combined investment from both the Russian state and subsoil users in geological exploration in the Arctic zone of the Russian Federation amounted to nearly 175 billion rubles in 2024, according to Alexander Kozlov, Minister of Natural Resources and Environment of the Russian Federation. He made the statement during a …
Alexander Novak Has Called for Stimulating the Development of Hard-to-Recover Oil Reserves
It is necessary to fine-tune the tax system in the Russian Federation in order to stimulate the development of hard-to-recover oil reserves, as this will make investments in both reserves and technologies economically viable, according to Alexander Novak, Deputy Prime Minister of the Russian Federation. “As of today, hard-to-recover, high-water-cut, …
Alexander Dyukov Has Commented on Oil Production Plans in the Russian Federation Through the Year 2050
Annual Oil Production in the Russian Federation May Rise to 540 Million Metric Tons by the Year 2050, According to the Energy Strategy, Provided That Oil Producers, Related Industries, and Government Authorities Join Forces, Says Gazprom Neft Chief Executive Officer Alexander Dyukov The Government of the Russian Federation approved the …
Geophysicists Have Conducted Three-Dimensional Seismic Surveys in the Arctic Region
A complex method of seismic signal generation was applied at challenging sites in the Irkutsk Region and in the Yamalo-Nenets Autonomous Okrug, located within the Arctic territories of the Russian Federation. The company Geotek Joint Stock Company carried out large-scale three-dimensional seismic surveys in Eastern Siberia and in the Yamalo-Nenets …
The Federal Agency for Subsoil Use of the Russian Federation Will Begin Preparing Geological Exploration Programs in the Arctic Region
The Federal Agency for Subsoil Use of the Russian Federation (Rosnedra) plans to begin preparing geological exploration programs in the Arctic and in regions that have been reintegrated into the Russian Federation in the year 2025, according to a statement made by the head of the agency, Oleg Kazanov. “This …
New Oil Asset in the Arctic
Norway has officially brought one of its most important Arctic energy projects into production. On March 31, 2025, the Johan Castberg oil field in the Barents Sea began operations, marking a major milestone in the country’s strategy to develop Arctic resources and solidify its position as a key energy supplier …
U.S. Plans to Expand Offshore Continental Shelf for Drilling
The United States will launch a 45-day public consultation period to gather feedback on a new five-year leasing program for offshore oil and gas exploration. The results of the discussions will shape a long-term plan for resource development on the U.S. Outer Continental Shelf. According to Reuters, the program could …
The Authorities of the KhMAO Announced the Development of New Deposits in the Arctic Zone
The authorities of the Khanty–Mansiysk Autonomous Okrug plan to develop new mineral deposits in the Berezovsky and Beloyarsk districts. This was stated by Acting Governor Ruslan Kuharuk during a meeting on support for the oil and gas industry. “The head of the region focused on the development of new territories …
With the Support of Rosneft, Research on the Continental Shelf in the Arctic Ocean continues
With the support of Rosneft within the framework of the strategic initiative of the Ministry of Natural Resources of Russia “Geology. The Rebirth of the Legend“ the exploration of the continental shelf in the Arctic Ocean continues. The day before, a specialized scientific research drilling vessel “Bavenit“ left the port …
Rusgeology Is Embarking on a New Stage of Research on the Continental Shelf in the Arctic
The holding company noted that for many years Russian geologists have been successfully carrying out work on the study of the outer underwater margin of the continent in the Arctic Ocean by various methods, including remote integrated geophysical studies and direct sampling of rocks Rusgeology is embarking on a new …