In another 17 years the largest share of Russian crude will be produced at yet undiscovered fields
» In another 17 years the largest share of Russian…
The country’s oil and gas sector is developing the promising petroleum areas actively. By 2035, almost 60% of oil will be extracted from yet undiscovered hydrocarbon reserves, as informed by Andrey Patrushev, Deputy CEO of Gazprom neft.
Reportedly, the development of new deposits will allow compensating the fall in oil production in the Russian conventional hydrocarbon provinces. Also, according to the company representative, Russia’s future demand for fuel will be met owing to the Arctic offshore.
The Deputy CEO considers development of new shelf fields in the Kara and Barents Seas highly promising.
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U.S. pipeline operator Enterprise Products Partners LP is looking to sell its 50% stake in a recently-completed South Texas crude export terminal, according to a marketing document viewed by Reuters. Enterprise is weighing an exit from the joint venture with terminal operator Plains All American Pipeline LP after proposing to build its own offshore port…
Novatek says ships 1st Yamal LNG cargo via Northern Sea Route
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Putin vows tenfold Arctic shipping by 2025
Delivering his state-of-the-nation speech to the parliament on Thursday, Russian President Vladimir Putin highlighted the importance of speeding up the countries infrastructure developments. The Arctic plays a strategical important role in the plan. «A number of large-scale industrial projects in the Arctic have already been launched,» Putin said and ensured those projects meet the strictest…