Monthly Highlights from the Russian Arctic, August 2024
In this news digest, we monitor events that impact the environment in the Russian Arctic. Our focus lies in identifying the factors that contribute to pollution and climate change.
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Publish date: October 21, 2008
News
The sum is sufficient for an entire evaluation of the project, including seismic work, test drilling, and interpretation of results, said analysts. They further added that the sum may also cover the cost of a drilling platform, the average cost of a floating drilling platform being $300 million.
For the first stage of the project, no less than $10 million is required, according to analysis by ConocoPhillips. Investment in the project have reached $20 million, b-port.com reported. Alexander Shtok, director of the independent consulting group Due Dilligence, said that in conditions of financial crisis it will be difficult for the Shtokman Development company to find capital, the Ros Business Consulting newswire reported.
However, developing the field is one of Russian state gas giant Gazprom’s most important tasks because many of the company’s other fields are depleted and failure to find new fields could break the company. There is therefore no doubt that the Gazprom monopoly will use every means at its disposal to succeed in the Shtokman field.
In this news digest, we monitor events that impact the environment in the Russian Arctic. Our focus lies in identifying the factors that contribute to pollution and climate change.
Introduction Competitiveness has been the dominating topic in EU political discussions in recent months and is set to be a key focus of the upcomi...
Russia is a world leader in the construction of nuclear power plants abroad. Despite the sanctions pressure on Russia since its full-scale invasion of Ukraine in 2022, its nuclear industry has remained virtually untouched.
Today, the Bellona Foundation is launching the establishment of the Center for Marine Restoration in Kabelvåg, Lofoten. At the same time, collaboration agreements related to the center were signed with Norrøna, the University of Tromsø, the Lofoten Council and Blue Harvest Technologies