News
Publish date: December 12, 2005
News
In 2006, the company will complete all exploration works at the field, which is located in the eastern part of the Barents Sea. Arktivshelfneftegaz believes the field will be ready for production in 2011. Water depths in the area of the field are only 10-19 meters, the BarentsObserver reported.
Between 2002-2005, Arktivshelfneftegaz invested $50 million in exploration operations in the Barents Sea. Geologists believe the company now has found as much as 300 million tonnes of oil resources there.
The company owns licenses to the development of three fields in the area, the Medynsko-Varandeyskoe, the Pomorskoye and the Kolokolmorskoye.
Recent attacks on Ukraine’s Zaporizhzhia nuclear power plant "mark the beginning of a new and gravely dangerous front of the war," the UN atomic agency's director general said last week.
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.
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.
In this news digest, we monitor events that impact the environment in the Russian Arctic. Our main focus lies in identifying the factors that contribute to pollution risks and climate change.