North Sea Spot Market Remains Challenging
The North Sea spot market has improved during the second quarter of 2019, as a result of increased rig activity, said Viking Supply Ships.However, the Norway-based supply shipping company expects that the overall market conditions…
Gazprom’s Arctic Offshore Platform Hits Milestone
Russian shipping company Sovcomflot (SCF Group) said that the Arctic shuttle tanker Mikhail Ulyanov loaded the milestone 10-millionth tonne of commercial oil produced at Prirazlomnaya offshore platform in the Pechora Sea.The energy shipping companies…
Gazprom Neft: Work Restarted on Prirazlomnoye Platform
Russia's Gazprom Neft, the oil arm of state gas producer Gazprom, restarted work on its Arctic offshore platform Prirazlomnoye on Oct 5 after three months of maintenance, a company executive told Reuters on Monday. Andrey Patrushev…
Gazprom Neft Increases Arctic Field Output
Gazpromneft Shelf, a subsidiary of Gazprom Neft, brought on production two more wells in Prirazlomnoye field in the Pechora Sea, bringing crude oil output to more than 6,000 tonnes/day. The company now has four production wells at its ice-resistant rig…
Gazprom to Acquire Vietnam Refinery Stake
Russia's Gazprom Neft, the oil arm of top global gas producer Gazprom, said on Monday it planned to purchase 49 percent of the operator of Vietnam's Dung Quat refinery, the country's sole oil processing facility. It has also…
Russia to Look Further Afield for Future Energy Growth: EIA
Russia was the world's largest producer of crude oil (including lease condensate) and the world's second-largest producer of dry natural gas in 2013 according to the U.S. Energy Information Administration, Eastern Bloc Research.
Gazprom Neft Seeks Alternative Suppliers
Prirazlomnoye is Russia's first Arctic offshore oil field. Gazprom Neft sticks to plans at the field, by 2020 as a whole; Executive says "nothing unique" in drilling for shale oil (Adds details, quotes, color, background). PRIRAZLOMNAYA OIL PLATFORM…
Rosneft, Petrovietnam to Jointly Work in Pechora Sea
Rosneft, Russia's top oil producer, said on Friday it had agreed to set up a joint venture with Vietnamese state energy firm Petrovietnam to develop two shelf blocks in the Pechora Sea in the Arctic off northwest Russia. Rosneft…
Rosneft Starts Geological Exploration In Barents, Pechora Sea
Rosneft has started field works at five license blocks of the Barents and Pechora Seas: West Prinovozemelsky, located in the North-Eastern part of the Barents sea near the Novaya Zemlya archipelago, Perseevsky, located in the North-Western part of the Barents sea…
Norway Bets on Global Warming in Arctic Oil and Gas Drive
Norway wants to let oil and gas companies drill in Arctic seas that were frozen as recently as the 1980s even though some climate experts say it is too early to trust global warming to keep the ice away. Russia is also showing…
Greenpeace Targets Russian Tanker at Rotterdam Port
Mikhail Ulyanov, an ice-breaking shuttle tanker (ice class – ARC6) belonging to OAO Sovcomflot (SCF Group), has been the subject of a Greenpeace protest, while at the Port of Rotterdam carrying a cargo of 67,000 tons of crude oil…
Putin Wants Beefed-up Presence in the Arctic
Russian President Vladimir Putin said on Tuesday that Russia should step up its presence in the Arctic and challenge other nations in exploring the world's largest untapped natural reserves, days after it started shipping its first oil from the region.
Arctic Energy Exploration Efforts Heat Up
Oil and gas—and also mining—are the drivers today propelling Arctic maritime operations and the construction of new vessels able to operate in extreme latitudes. While the gas and oil resources can be recovered in the Arctic or far north and shipped to markets by sea or pipeline…
Despite Protests Gazprom Starts Arctic Oil Production
Gazprom says it has started producing oil from the Prirazlomnoye field, which is the first Russian project for developing the Arctic shelf and the commencement, they say, of their large-scale activities aimed at creating a large hydrocarbon production center in the region.
Arctic Drilling Protest: Russian Coast Guards Hold Crew
Greenpeace in a 'Tweet' report their ship, 'Arctic Sunrise', boarded in the Pechora Sea by the Russian Coast Guard, and the 25 crew arrested and locked in a room, following a protest against Gazprom's Arctic drilling operations.
