..., no effective methods exist to deal with oil spills in harsh conditions of the Far North involving a specific alternation of day and night and considerable remoteness, thousands of kilometers, from industrial urban centers. Consequences of oil spills and other unfavorable human-induced events for vulnerable Arctic nature can be disastrous since it is extremely difficult to organize prompt mitigation of such consequences. In view of the above restrictions, the Ministry of Natural Resources and Environment of Russia is in favor of extending the moratorium on issuing production licenses ...
Policy brief #8/2016
The decline in global oil prices that began in the summer of 2014 carries with it a number of risks in assembling ... ... including shale gas extraction projects, deep-water offshore projects and projects in the Arctic shelf.
In these conditions, despite the ongoing surplus of global oil production... ... international tensions into the Arctic against the background of sanctions may prompt Russia to consider involving non-regional actors, primarily Asian states, in the Arctic...
... 40. Also, rigs are not as monopolised as some think: 40% of platforms are operated by Rosneft, 34.7% by Gazprom, 8.3% by LUKoil and remaining 17% by the other Russian majors.
In all, whether the Arctic market proves successful remains to be seen, as a lot depends on other parts of the world which will ultimately determine ... ... pegged to. At the moment Canada made good progress with its own shale production, aside from the tar sands and conventional fuel. USA continues to post ample figures. Moreover, Bogoyavlenskiy says that China is set on a successful shale production albeit with ...
At the same time as the Pentagon released its first Arctic Strategy with the goal of protecting U.S. interests in the region and saving the region’s environment, Russian officials, academics, businesses and environmentalists are preparing for an international conference, “The Arctic: ... ....Z.: Well, the U.S. and Canada have very, very strict environmental restrictions. which also now include the lessons from the oil spill in the Gulf of Mexico. If the same incident happens in the Arctic, the consequences will be much more disastrous not ...
