In the presence of the President of the Russian Federation, Vladimir Putin, and the President of the French Republic, Emmanuel Macron, Total has signed an agreement with Novatek outlining the terms upon which Total shall acquire a direct working interest of 10% in Arctic LNG 2, a liquefied natural gas project lead by Novatek on the Gydan Peninsula in the north of Siberia.
The Baltic Shipyard Ltd has awarded ABB with an order to supply powerful propulsion and energy efficient electrical systems for a new icebreaker vessel under construction for Russia’s state shipping company Rosmorport FSUE.
Statoil is increasing its Arctic activities with a plan to drill nine wells during a non-stop 2013 Norwegian Barents exploration campaign. The drilling will begin in Nunatak in the Skrugard area in December. The company will complete four wells in this area over a six-month period. "These wells are time critical, as any additional resources will make the Skrugard development even more robust," said Tim Dodson, Statoil Exploration executive vice president. Two-three wells will be drilled in the Hoop frontier exploration area further north in the Barents in the summer of 2013. These will be the northernmost wells ever drilled in Norway.
Stavanger: A new study about crucial risk management issues relating to Arctic operations is released by DNV and the Fridtjof Nansen Institute (FNI). This concludes that, in order to safely develop Arctic resources, there is a need for improved technology, oil spill preparedness and close cooperation between the authorities, industry and society. DNV’s CEO, Dr Henrik O. Madsen, presented the study entitled ‘Energy and the environment – Arctic resource development, risks and responsible management’ at the Offshore Northern Seas (ONS) Conference in Stavanger on 29th August.