The Russian government is dissatisfied with the level of exploration drilling on the country
Last year Statoil Hydro was created as a result of an amalgamation of two Norwegian oil companies
The Shtokman Development Company will in 2008 and 2009 spend more than 800 million USD on studies of the Shtokman field, a company representative said yesterday.
In a meeting with environmental organisations today, a representative of the Shtokman Development Company confirmed that high environmental standards will be applied in the huge Barents Sea gas project. Also new technology on climate gas emissions will be used.
Energy provider GDF SUEZ is interested in large-scale deliveries of LNG from the Shtokman field in the Barents Sea, the company
The Norwegian oil company, DNO, is selling their shares in the Goliat field in the Barents Sea. The company believes that the project is too big for a small company like DNO.
The European Union has for long neglected involvement in the arctic region of Europe. The European Commission has voted for a report which will put flesh on the bones of the EU
Governor of Murmansk Oblast, Yuri Yevdokimov, says the Shtokman project in the Barents Sea can serve as a model for international cooperation in the Arctic.
Environmentalists from the Bellona Foundation accuse StatoilHydro of neglecting its obligations on climate gas emissions. They believe the company should introduce CO2 capture in its "Snohvit" project and promote this as a good example for Gazprom
Russian energy major Gazprom in its draft General Development Plan for the period until year 2030, outlines total investments of up to 647 billion USD. The investments will help boost the company
Today the solemn action on the occasion of acceptance of the subsea module passed at plant of "Reinertsen" in Murmansk This subsea module will be used in "Sigrid" project, realized by "STATOYLGIDRO" in Norway.

The module was made in accordance with requirements of the customer and in due time. The construction project has been performed with no medical or first aid incidents.

"It is projects like this that will pave the way for cooperation between Norway and Russia, sharing opportunities and responsibilities in our common waters in the North", says President of StatoilHydro in Russia Bengt Lie Hansen.

First practical steps were made in Murmansk region for realization of the project on Shtokman development. "You will be a witness of first steps of the realization of the Shtokman project. This year it is planned to start the building of the road to Teriberka, where a plant on gas liquefaction will be", Yuriy Evdokimov said on the solemn action on the occasion of acceptance of the subsea module, designed for use in "Sigrid" project, realized by "STATOYLGIDRO" in Norway.
Today the visiting session of Mining council of north-west federal district, dedicated to the problems of the Arctic shelf development, passed in Murmansk.
"In September, next year the technical documentation and choice of the technical decisions of the project of the Shtokman development will be completed.
The Shtokman Development Company will by September this year open an office in Teriberka, the hub for the Shtokman project.
President Sarkozy received the powerful Russian company leader in his premises in Paris.
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