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

to build an oil refinery in the village of Teriberka on the Barents Sea coast. The refinery will handle oil from the Prirazlomnoe and Dolginskoe fields, general director of Gazprom-subsidiary Sevmorneftegaz confirms.

Ewgeny Nikora and Grigory Stratiy discussed live issues of the current interaction between the Association and the Duma, as well as prospects for association

The Barents Sea can provide major amounts of additional natural gas to energy-hungry Europe. The key lays in a close cooperation between non-EU members Norway and Russia.

The Gazprom Management Committee took notice of the information regarding Gazprom

The Shtokman Development AG has decided not to use the LNG technology applied in StatoilHydro

As we

Russian gas major Gazprom has signed an agreement with state nuclear energy company Rosatom on cooperation in the Shtokman project, as well as in fields in the Yamal Peninsula.

Russian Prime Minister Vladimir Putin has signed a decree on implementation of the project "Development of Murmansk Transport Hub". The decree entitles involved federal bodies to buy or expropriate land plots.

The Shtokman Development Company wants the state to introduce tax exemption for the companies developing offshore gas fields. Among the tax benefits should be no value added tax on advanced import goods like LNG-technology, company leader Yuri Komarov says.

The 19th of November 2008 the Gazprom Headquarters hosted a working meeting between Alexey Miller, Chairman of the Company

Russian geologists believe there is a good chance to find oil and gas outside the coast of Spitsbergen in the Arctic. However, Norwegian authorities are unlikely to allow such activity.

-Does the EU need more gas from Russia, or not? Gazprom

The Russian state might allow oil and gas companies to reduce exploration activities with 50 percent in 2009. That means less drilling also on the Arctic shelf.

ConocoPhillips CEO Jim Mulva yesterday met with Gazprom

Russian Prime Minister Putin says Russia could decide to withdraw from the Nord Stream project and instead ship the gas to other markets as LNG.

The Russian nuclear industry sees the Arctic shelf as its new growth market. It now suggests the construction of nuclear-powered underwater drilling ships, as well as using nuclear-powered icebreakers and floating nuclear power plants in the development of offshore hydrocarbon projects.

DnB Nor, the biggest bank in Norway, is ready to provide the Shtokman field partners with credits for the development of the huge Barents Sea field, a bank representative confirmed in an oil and gas conference in Murmansk this week.

The Russian-Norwegian conference "Barents-2020. International Valuation Standards for oil and gas output in Barents sea" passed in Moscow "Vniigaz" (Scientific-Research Institute of Natural Gases and Gas Technologies).

2009 might beat the records with regard to petroleum investments in the Norwegian shelf. There is a planned increase in investments of 1.3 billion EUR.