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Russia is top priority for Statoil

Publish date: November 14, 2005

The Statoil management confirms Russia to be among the company's main investment areas in the years to come.

According to the chief of Statoil Russia, Kristoffer Marø, Statoil could extract as much as 200,000 tons oil in Russia by 2020. “We believe Russia will become one of the most important production areas outside Norway”, Marø stresses. Marø spoke at a conference in London this week. He refused to name potential partners, but said good relations had been developed with Russian state-owned oil leader Rosneft and with gas leader Gazprom, RusEnergy informs.

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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.

Project LNG 2.

Bellona’s new working paper analyzes Russia’s big LNG ambitions the Arctic

In the midst of a global discussion on whether natural gas should be used as a transitional fuel and whether emissions from its extraction, production, transport and use are significantly less than those from other fossil fuels, Russia has developed ambitious plans to increase its own production of liquified natural gas (LNG) in the Arctic – a region with 75% of proven gas reserves in Russia – to raise its share in the international gas trade.