Arctic

Rosneft and ExxonMobil have agreed to expand their cooperation under their 2011 Strategic Cooperation Agreement to include approximately additional 600,000 square kilometers (150 million acres) of exploration acreage in the Russian Arctic, and potential participation by Rosneft (or its affiliate) in the Point Thomson project in Alaska. They have also …

The Russian State Duma has in a first reading proposed to abolish the property tax for all offshore Arctic gas projects. The tax reform, which is included in a legislative bill on offshore gas fields, comes after major pressure and long-dragged negotiations between Gazprom and government officials. As previously reported, …

December 6th the VIIth International conference «Oil and gas shelf contracting» (Neftegazshelf-2012) will be held in Moscow where practices of delivery commitment of the Russian industrial production will be discussed. Topics under discussion: – Strategies of localization of the equipment according to the order of the Government of the RF …

Rosneft President and Chairman of the Management Board Igor Sechin and President and CEO of Statoil Helge Lund today signed a Declaration on Protection of the Environment and Biodiversity for Oil and Gas Exploration and Development on the Russian Arctic Continental Shelf. Acknowledging that the Arctic environment consists of ecosystems …

Rosneft and ExxonMobil signed agreements for the joint development of several tight oil fields in Western Siberia and for ExxonMobil’s entry into the Arctic Research and Design Center for Offshore Development. The signing marks a further step in the implementation of the long-term Strategic Cooperation Agreement signed between the two companies …

Mark Thomas The fact that the Arctic offshore contains huge estimated oil and gas reserves is nothing new, despite the relatively small amount of hydrocarbons currently being produced from its waters. But a gradual thawing in the arguments against why responsible exploration and development activity cannot take place has brought …

M.A. Kuznetsov, K.K. Sevastyanova, S.A. Nekhaev, P.V. Belyaev, P. A. Tarasov, Ph.D. Ph&M  LLC RN-SakhalinNIPImorneft Introduction Rosneft owns a number of licenses for developing Russian continental shelf deposits, including those located in the arctic and subarctic regions. Among the principal difficulties related to the execution of projects in the Arctic …

The oil and gas industry’s key players will present critical new technologies and commercial opportunities available in the offshore Arctic, at the Arctic Region Oil & Gas Conference in Norway this month. Recent news about Norway’s Ministry of Energy receiving requests from 37 companies to be included in the country’s …

Shtokman Development AG and Sovcomflot signed Cooperation Agreement on September 20, 2011 in Saint-Petersburg at the 10th Annual Conference of Sovcomflot Business Partners. The document was signed by Alexei Zagorovskiy, Chief Executive Officer and Sergey Frank, Chairman of the Board of Sovcomflot. The Agreement stipulates mutual consultations and exchange of …

Mark Thomas: ROGTEC Magazine Correspondent The Arctic has enormous hydrocarbon resources associated with extreme environments and harsh climatic conditions, in both its coastal areas and the shelves of the northern seas. Russia’s arctic shelf is estimated to hold the equivalent of 100 billion tonnes of oil – a huge amount …