Russia and the US in successful Arctic drilling

State-owned Russian oil company Rosneft has - in collaboration with US Exxon - discovered oil in the Kara region in the Arctic. Estimates indicate that the region contains more oil than the Gulf of Mexico, according to Bloomberg.

BY LOUISE VOGDRUP-SCHMIDT

Published: 29.09.14 at 08:02

In spite of the current sanctions between Russia and the West, Russian Rosneft and US-based Exxon have worked together and discovered oil in the Kara Sea region in the Russian part of the Arctic.

"It exceeded our expectations. This discovery is of exceptional significance in showing the presence of hydrocarbons in the Arctic," Rosneft CEO Igor Sechin tells Bloomberg.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

Access all locked articles
Receive our daily newsletters
Access our app

Start a free company trial today

"The challenges we face as an industry require more skills and competencies"

Foto: Lucy Nicholson/Reuters/Ritzau Scanpix

They are a generation of future maritime leaders shaped both by Covid-19 and shutdowns and now by a world filled with tension. Four potential future managers enrolled in the Blue MBA program give their take on why it is important to improve your skills.

Leading shippers prepared to pay 10% extra for sustainable transportation

Shippers are willing to pay more for ”green” transportation if it’s reliable. But they have to state their wishes more clearly, and prices have to be lowered, writes McKinsey in a new report, which provides suggestions for how to accelerate decarbonization.