Word: shtokman
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...what had to be done to defeat fascism. And he also examines the Kremlin's repeated use of its ample energy resources to threaten its Western-oriented neighbors. Most troubling is what Lucas calls "pipeline politics" - Moscow's plans to build the Nord Stream gas pipeline from the Shtokman Field in the Barents Sea to the German city of Greifswald; and its attempts to derail Western plans to install a pipeline connecting the Caspian Sea and Baumgarten, Austria. That project, the Nabucco pipeline, would circumvent Russia by bisecting Turkey, and would give Russia's neighbors far more bargaining power when...
...first test of StatoilHydro's newfound unity was recently passed in Russia. After earlier negotiating as two separate firms, the combined company reached a deal in late October with Gazprom, Russia's state-owned energy company, to help it develop Shtokman, a vast gas field in the Barents Sea. StatoilHydro secured a 24% share of a specially created company that will own the project's infrastructure. French rival Total earlier this year secured a similar stake...
...first test of StatoilHydro's newfound unity is playing out in Russia. The company is in talks with Gazprom, Russia's state-owned energy company, about securing a role in developing Shtokman, a vast gas field in the Barents Sea. French rival Total earlier this year secured a partnership role through a share in a specially created company that'll own the project's infrastructure; the remaining 24% stake in that company is still up for grabs...
...year, Don Gautier, one of the survey's principal investigators, says, "there's no doubt that certain geologic provinces in the Arctic have significant oil and gas reserves." Some of the most attractive are in the Barents Sea. In Russian waters, east of Norway's Snohvit deposit, lies the Shtokman gas field, thought to be 10 times as big. Granted, not everyone is convinced that the Arctic will be Big Oil's new savior. A study by energy consultants Wood Mackenzie and Fugro Robertson concluded last year that Arctic reserves would prove "disappointing." "Our assessment is that the Arctic...
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