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 »
