... located near Hammerfest where hydrocarbons are separated and treated. Next, gas is liquefied and prepared for loading into tankers, while separated carbon dioxide gas is pumped back into wells [
15
].
According to Law On Subsurface Resources of February 21,... ... the East Siberian Sea [
18
].
Positive results of production on the Prirazlomnoe field discovered in 1989 in the Pechora Sea allowed to ship and deliver 300 thousand tons of oil to the port of Rotterdam in 2014 (about 2.2 million barrels) [
19
]. The oil produced was ...
... – negative – scenario the USA leaves JCPOA which sparks an antagonistic reaction from Teheran. The return of American sanctions strengthens the position of Iranian conservatives, and all that combined inevitably throws the Iranian economy and its oil and gas sector back to isolation.
Under the second scenario, the USA and Iran stick to the nuclear deal. However, the sense of precarious unpredictability about Iran’s future affects the sentiment of international investors. The long-run repercussions of this scenario are tantamount to that of the first one. Here,...
... clear. Rosneft is likely to lobby for the liberalization of access to shelf deposits, as most of the blocks are already split between them and Gazprom. However, it might be difficult to reach a consensus with the Russian leadership in the case that the USA strengthens sanctions against the Russian oil and gas sector.
What Will the New Sanctions Lead to?
Pavel Sharikov:
How to Make Russia-U.S. Relations Great Again?
The adoption of the new anti-Russian sanctions will definitely complicate the life of the above mentioned foreign partners, and might worsen ...
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 a whole range of major oil and gas projects, 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 in relation to consumption, the question nevertheless arises: ...
Going South?
While Russia and the Middle East have remained champions in gas and oil production for decades, the USA is looking for new greenfield projects and partnerships with countries not facing existing political constraints: it is the African market that lies within closer geographical proximity to American consumers what makes imports from that region less ...
... Alaska boasts the world’s largest zinc reserves, producing 5 percent of the global output and 79 percent of the total U.S. output. That mine also
produces
3 percent of global and 33 percent of American lead.
Alaska is also America's second largest oil producer, at 20 percent of the total extracted volume. And more huge oil and gas-bearing formations have been discovered in northern areas. Prudhoe Bay is the largest traditional continental field, which accounts for
8 percent
of the national oil output. Oil revenues are especially important for the state, as they constitute ...
... dominate export wise. At 79 Bcf/d of gas output by 2035 Russia will a major player, but its production will predominantly be conventional as only 5% of it will come from shale.
In overall terms fossil fuels will account for 84% of Russian primary energy usage in 2035, down from 89% in 2012. From these 84% oil and gas will dominate, as despite sizeable coal reserves, Russia’s production of coal will remain relatively modest with only 6th largest production in the world. BP predicts quite a stable trend for Russia, as energy production and consumption will ...
... territory controlled by the Russians, and would be an important channel of access for advanced economies and energy consumers to the oil-rich Central Asian republics”
[1]
.The US has strong economic, political and strategic interests in Azerbaijan, because ... ... influence of these two countries. Azerbaijan and Georgia are important to the US and Europe as transport countries of Caspian gas and oil. In the future, Azerbaijan may also be an important transit state, transporting landlocked Central Asian energy resources ...
... stationed in the Arctic on undoubtedly for the West symbolical ex-Soviet New Siberian Islands (Yahoo, 2013). As already said USA’s UNCLOS ratification will be key, as it technically follows it yet without being binded by it, particularly in the ... ... the conference by several speakers that now even the US will likely claim further seabed from the international waters due to oil and gas riches there. It is interesting to point out that a nation can claim a 200 nautical mile territory, but UN allows for a claim ...
..., when Japan granted 400 million Japanese Yen for clearing up possible oil spills. In contrast, a lot of support from China, USA and Korea had to be cast off as it was basically conditional and impinged sovereign rights.
To end this section where we ... ... and there is definitely something in the water. At the moment no one quite knows the scope, but these waters contain a lot of oil and gas, which led to a myriad of incidents. In 2007-08, Vietnam’s cooperation with ExxonMobil and BP was derailed after China’s ...
