Scientists returning from an Arctic expedition to areas where Rosneft and ExxonMobile are planning to start offshore explorations, warn about extreme ice conditions.
Russia’s largest private oil company turns away from last year’s statement not to invest in Arctic offshore.
The Romanian drilling rig GSP Saturn is shipped along the Norwegian coast towards the drill site in the Russian Pechora Sea.
The Russian Presidential Aide on Arctic and Antarctic affairs Artur Chilingarov enters Rosneft’s board.
For the second time in a month, a major fire rages at one of Lukoil’s facilities in the Komi Republic.
Moscow confirms that federal financing will be granted to the building of a new road connection to the Pechora Sea. The road is likely to be of key importance for Rosneft’s new Arctic project.
The state-owned company will over the next 20 years spend big money on the Arctic shelf. A minor part of it might be invested in the Barents Sea.
Greenpeace efforts to stop the northernmost oil prospect in the world failed after a standoff in the Barents Sea ultimately led to removal of the organization’s ship “Esperanza” by the Norwegian coastguard on May 30, Barents Observer reported on June 3.
Russia's largest private oil company Lukoil plans to drill four exploration wells on the Baltic Sea continental shelf by June 2015, the company said in a press release, RIA Novosti reported on May 26.
The Rosneft engagement in the Pechora LNG comes after project owner Alltech for some time has tried to get on board the powerful state company. In a deal planned to be signed this week, Rosneft gets a 50+1 percent stake in a joint venture.