. Military Space News .
OIL AND GAS
Russia sees Chinese role in arctic oil
by Daniel J. Graeber
Moscow (UPI) Nov 16, 2015


disclaimer: image is for illustration purposes only

Russia's deputy energy minister said Monday an invitation to China was on the table to help with energy exploration strategies in the arctic.

A lack of infrastructure in the arctic north of Russia is putting a moderate throttle on the region's oil production. Russian Deputy Energy Minister Anatoly Yanovsky told state news agency RIA Novosti there were talks between Russian oil company Rosneft and China on working in the arctic to enhance operations there.

"The topic is in discussion at the company level," he said. "As far as I know, Rosneft is negotiating [with China.]"

In Russia's far north Yamal Peninsula, full-year oil production is waning by nearly 4 percent from last year to around 152 million barrels.

Gazprom Neft, the oil arm of Russia's Gazprom, reached a milestone in September 2014 with the production of its 1 millionth barrel of oil from the arctic Prirazlomnoye field. Prirazlomnoye is the first ever project ever brought into production in Russian arctic waters. Commercial production started in 2013.

The Russia news agency reports Rosneft in early September reached a deal to explore the arctic waters in the Sea of Ohkotsk with China Oilfield Services Ltd. and Norwegian energy company Statoil,

Declining trends for oil production in the Russian north are in contrast to the rest of the country. Novatek, the largest private crude oil producer in Russia, reported a 40 percent increase in production year on year.


Thanks for being here;
We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
Scotland leads unconventional gas extraction health assessments
Stirling, UK (SPX) Nov 15, 2015
Scotland can lead the international public health impact assessment of unconventional gas extraction (UGE), according to a new report by University of Stirling academics. The Scottish Government announced a moratorium on the controversial extraction processes which includes fracking, coal bed methane and underground coal gasification, until it publishes a full assessment of the technology. ... read more


OIL AND GAS
Putin: Russia Has Weapons Capable of Penetrating Any Missile Defenses

Lockheed Martin to build Ballistic Missile Defense radar

USS Ross intercepts ballistic missile during coalition test

Russia Calls on US to Abandon Plans to Place Missile Defense in Romania

OIL AND GAS
S. Korea on alert for sign of N. Korea missile test

State Department approves air-to-ground weapons sale to Saudi Arabia

Turkey cancels $3.4 bln missile deal with China

Iran to receive Russian missiles by end of 2015: minister

OIL AND GAS
Drone Sales to Reach Almost 4m this Year, Rising to 16m Annually by 2020

3D printed UAV makes debut

MIT students build a drone that doesn't crash into things so easy

Deal on using satellites for global flight-tracking in sight: US

OIL AND GAS
Australia contracts for defense computer network upgrades

Harris Corporation Wins $40 Million Air Force Satellite Control Network Contract Extension

Commercialization is coming to WGS

DARPA's RadioMap Program Enters Third Phase

OIL AND GAS
Raytheon's Next Generation Jammer completes preliminary design review

Australia seeks costing info for new armored vehicles

Meggitt announces new small-arms training system

U.S. Marines use vehicle recovery team for live-fire exercise

OIL AND GAS
US approves $1.29 bn sale of bombs to Saudi Arabia

New York City turns tide on homeless vets

Orbital ATK and Boeing open offices in UAE

Bullets, cluster bombs at Thai arms fair despite censure over junta rule

OIL AND GAS
USS Ronald Reagan begins naval exercise with Japanese

Philippines, Vietnam to sign strategic partnership

US, Chinese navies train together despite tensions

Rejuvenate NATO now!

OIL AND GAS
Researchers build nanoscale autonomous walking machine from DNA

New way of computing with interaction-dependent nanomagnets

Finally a promising natural nanomaterial

Umbrella-shaped diamond nanostructures make efficient photon collectors









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.