June 20, 2022
Russia’s Rosneft PJSC is proceeding with its flagship Vostok Oil project in the Arctic, Chief Executive Officer Igor Sechin said, just over a week after a key partner announced it’s exiting the development over the invasion of Ukraine.
In the Arctic Circle, oil and gas interests are often a study of polar opposites. To some it looks like riches; for others, potential ruin.
Dancing on melting ice
September 17, 2019
Qingdao McDermott Wuchuan Offshore Engineering Co. Ltd in Qingdao, China, has been awarded a contract to provide three complex modules for the Arctic LNG 2 Project in the Yamal-Nenets Autonomous Region in Russia.
September 05, 2019
The project will have a production capacity of 19.8 MM tons per year and is expected to export its first LNG cargo by 2023, the second and third train to start up by 2024 and 2026.
The Prirazlomnaya platform. The only production platform on the Russian Arctic Shelf.
September 13, 2018
It isn’t just about oil
Prices, sanctions and environmental politics chill the air