What about Rosneft new discovery?

The Arctic ice has reached its seasonal minimum, and it is now clear that 2014 is the sixth lowest on the satellite record, but still quite a lot icier than 2012. It is exactly in this optimal “window” that Rosneft has announced that the drilling from the Unviersitetskaya platform in the Kara sea did found… Read more »

High season for military activities in the High North

The new round of US and EU sanctions targets very specifically exploration projects in the Arctic, so both Exxon-Mobil and Statoil announce¬†postponements and cancellations in their respective partnership plans with Rosneft.¬†The Western majors hardly have ay regrets about it – doing business in Russia in general, and with Rosneft in particular, becomes bad for business… Read more »