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.

Photo: Marinvest

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
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

CEO appoints new J. Lauritzen investment team

Kristian Mørch, the former CEO of Odfjell and current CEO of investment firm J. Lauritzen, has already constructed his new team, which involves both shipping and investment industry professionals.

Further reading

Related articles

Latest news

See all jobs