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Lack of long-term investment slows hydrocarbons production

Publish date: March 31, 2006

A lack of investment in new deposits and poor reproduction of hydrocarbons is slowing down the development of the mineral sectors.

"Companies only find money to invest in production but not for the long-term prospective," said the chairman of the Federation Council’s committee for natural resources Viktor Orlov. According to Orlov, oil and gas production will exceed reproduction in the nearest 14 years. In other words, geological prospecting only replenished 60-65% of extracted reserves, RIA Novosti reported.

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The role of CCS in Germany’s climate toolbox: Bellona Deutschland’s statement in the Association Hearing

After years of inaction, Germany is working on its Carbon Management Strategy to resolve how CCS can play a role in climate action in industry. At the end of February, the Federal Ministry for Economic Affairs and Climate Action published first key points and a proposal to amend the law Kohlenstoffdioxid Speicherungsgesetz (KSpG). Bellona Deutschland, who was actively involved in the previous stakeholder dialogue submitted a statement in the association hearing.