JSC Murmansk shipping company (MSCO) is ready to invest own financial means in development of Shtokman oil gas deposit. Main part of the financial means will be spent for creation of coastal infrastructure and platform for building of weight coating plant, press-service of MSCO reports.
Original sources:
www.b-port.com

Launch of the first semisubmersible drilling rig for the Shtokman gas field will take place at the Vyborg Shipyard on July 7.
Original sources:
www.barentsobserver.com

Sovkomflot and Shell are entering a partnership agreement to be prepared for the huge potential for LNG-shipping from the Arctic.
Original sources:
http://www.barentsobserver.com

The enormous Hotel Arktika in the center of Murmansk might be expropriated and made into living quarters for foreigners involved in the development of the Shtokman gas field.
Original sources:
http://www.barentsobserver.com

The Norwegian government has decided to open up for year-around ship-to-ship reloading of oil in the fjord outside Kirkenes, near the border to Russia. The decision comes at the same time as Norwegian Prime Minister Jens Stoltenberg visits the Arctic border town.
Original sources:
http://www.barentsobserver.com

Please find below a short review of some of our articles.

SHELF DEVELOPMENT. BEGINNING OF THE WAY

In the course of the next week, tender deadlines to a number of key contracts in the Shtokman project will expire, thus bringing the unprecedented Arctic energy project one step closer implementation.

Original sources:
http://www.barentsobserver.com

Murmansk Governor Dmitry Dmitriyenko wants to establish a special economic zone around Teriberka, the hub of the Shtokman project.

Original sources:
http://www.barentsobserver.com

With five years left to production startup, nothing has been done in Teriberka, the main hub for the Shtokman project development. The Shtokman Development AG now announces a number of new project tenders, and still maintains that the project is on schedule.

Original sources:
http://www.barentsobserver.com

Arctic oil industry was on the agenda, when the Norwegian Minister of Oil and Energy met with his Russian counterpart in Moscow. .

The second international conference Shelf Development: Step by Step organised by Murmanshelf Association will be held on October 16, 2009. This time the Conference will be included into the program of Murmansk International Economic Forum.

The companies engaged in the development of the Shtokman field should be registered in Murmansk, the region

The Management Committee took notice of the information on measures taken to consolidate the positions of Gazprom in the global LNG market.

For the purpose of diversifying export routes, ensuring supply security and consolidating the Company

The Shtokman Development AG plans to sell 70-80 percent of LNG from the Shtokman field in contracts, company leader Yury Komarov indicated in a conference.

More than 15 million tons of oil will be shipped through the Barents Sea in 2009, the authors of a new oil transport report say. In 2015, oil shipments in the area could amount to more than 100 million tons.

Russian President Dmitry Medvedev intends to raise issues of energy and of the Arctic when he meets with Norwegian Prime Minister Jens Stoltenberg in May.

The Board of Directors

Gazprom is still prioritizing Shtokman in its strategy and budget update presented in London yesterday.

The Shtokman Development AG has agreed with the Kolenergo company about power supplies to the planned Shtokman housing complexes in Teriberka on the Barents Sea coast. The construction of the housing is to start this fall.

The Russian insurance company SOGAZ has signed an agreement on the insurance of two semi-submersible rigs to be used in the Shtokman project.