Putin Prioritizes Oil Platforms, Tankers

Thursday, November 02, 2006
Russian President Vladimir Putin prioritized the construction of oil platforms and tankers in the shipbuilding sector. Projects are being implemented for the construction of platforms for the development of oil and gas fields on the continental shelf, and a definite class of tankers, Putin said, opening a meeting devoted to shipbuilding industry issues.

Russia, which holds the world's largest natural gas reserves and is among the top 10 countries in terms of oil reserves, is implementing huge oil and gas field projects, particularly the Shtokman deposit off the Arctic shelf, and Sakhalin I and Sakhalin II off the Pacific shelf, that have been the focus of the world's leading investors. Last month, energy giant Gazprom announced it will develop the Shtokman deposit on its own, a move that stunned Norway's Statoil and Norsk Hydro, France's Total, and U.S. giants Chevron and ConocoPhillips, all companies previously on a shortlist of contenders for the project. Russia also seems eager to limit foreign participation in the development of the Russian energy sector and to revise production-sharing agreements. Devised in the 1990s, when oil prices were much lower, PSAs offered investors major tax benefits, which provided a kind of risk bonus for investing in Russia. Source: RIA Nivosti

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

BAE Systems Awards Software Contract to SENER

The Spanish company SENER, Ingeniería y Sistemas S.A has closed a contract with U.K.-based BAE Systems PLC for the integration between FORAN CAD/CAM System and

New Research Vessel for University of New Hampshire

All American Marine, Inc. (AAM) has entered into a contract with the University of New Hampshire (UNH) for the design and construction of a new aluminum catamaran research vessel.

Self-lubricating Bearing Polymer: Safe, Easy to Machine

Many plastics and metallic alloys present machining challenges as some deform and are difficult to maintain exacting tolerances, while others require strict and

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Repair Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1994 sec (5 req/sec)