In the US the Cost of Leasing Federal Land for Oil and Gas Companies Will Increase 15 Times
The cost of leasing federal lands in the United States for oil and gas companies will increase 15 times. The Washington Post writes about this. The new rule, released April 12 by the Bureau of Land Management, will increase rents to $150,000 per unit, up from the current $10,000. The …
The Share of the US Loss in Oil Production Due to Its Ban in the Arctic is Named
The introduction by the United States of a partial ban on production in the Arctic could lead to a loss of about 1.5-2% of the country’s oil production, but this is unlikely to have any tangible impact on the fuel and energy complex, this opinion was expressed by RIA Novosti …
In 2023 Rosprirodnadzor Rejected Two-Thirds Of Subsoil Users’ Projects For Geological Exploration In The Arctic
In 2023, Rosprirodnadzor reviewed 120 projects for the construction of exploration wells in the Arctic zone of the Russian Federation, according to a report on the agency’s activities. “As a result of reviewing the specified project documentation, Rosprirodnadzor issued 80 (67%) negative conclusions and 40 (33%) positive conclusions,” the document …
Rosneft and Rosnedra are Testing a New Technology for Broadband Research on the Shelf of the Eastern Arctic
A joint research expedition of Rosneft Oil Company and the Federal Agency for Subsoil Use (Rosnedra) started from Murmansk. The seismic survey vessel “Akademik Lazarev” is heading to the Arctic seas to carry out geological surveys and test a new domestic broadband seismic survey technology developed by Innopraktika. For the …
Norway Starts Chasing Arctic Oil and Gas
The Norwegian government is urging energy giants to step up oil and gas exploration projects in remote regions like the Barents Sea in the Arctic, ignoring protests from climate companies as the Scandinavian country seeks to solidify its position as Europe’s biggest gas supplier. Norway overtook Russia last year as …
Gazprom Neft and NOVATEK Announce their Intention to Cooperate in the Arctic
Gazprom Neft and NOVATEK have concluded an agreement at this year’s St Petersburg International Economic Forum confirming their intention to cooperate in implementing projects in the Russian Arctic. Signatories to the document were Alexander Dyukov, Chairman of the Management Board, Gazprom Neft, and Leonid Mikhelson, Chairman of the Management Board, NOVATEK. The agreement confirms the parties’ intention of establishing a joint venture …
NOVATEK and Gazprom Neft Sign Agreement of Joint Arctic Development
As part of today’s Saint-Petersburg International Economic Forum, PAO NOVATEK (“NOVATEK” and/or the “Company”) and PAO Gazprom Neft (“Gazprom Neft”) signed an Agreement of Intent on Arctic Projects (“Memorandum”). The document provides for establishing a joint venture to explore and develop Arctic hydrocarbon fields. “Gazprom Neft has been our reliable …
LUKOIL: Arctic Spill Response Technologies Receive State Approvals
PJSC “LUKOIL” received a positive conclusion of the state environmental expertise on the technology of oil spill response on water bodies (marine and freshwater ecosystems) in the Arctic zone using sorbent materials and biotechnologies. The development of the Company received nine patents, proved its effectiveness during pilot tests and can …
Platts: Russia's North Pole and Arctic Limits
Calling the oil resources of the Arctic vast is a bit like calling the weather there chilly. It is understandable why a nation would want to claim as much of it as possible. Yet the challenges to harvesting its wealth are also vast, which makes Russia’s move to owning a …
Platts: Russia’s North Pole and Arctic Limits
Calling the oil resources of the Arctic vast is a bit like calling the weather there chilly. It is understandable why a nation would want to claim as much of it as possible. Yet the challenges to harvesting its wealth are also vast, which makes Russia’s move to owning a …