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25 percent of unexplored reserves of oil and gas located in Arctic

Publish date: March 28, 2006

There are also many opened reserves in Arctic. Nowadays Shell works on many projects located in Arctic. Such projects, as “Sakhalin-2”, “Salym” and “Kashagan” are not totally “arctic”, but characterized by extremely severe conditions and faraway location, Oilcapital reported.

Projects, connected with Canadian and Alaskian reserves investigation are “really arctic”. According to the Shell’s representative, many technological solutions, applicable for offshore works in the Northern Sea can be modified and used for marine projects in Arctic.

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Open Letter: Urgent Call to Action – Ensure the Net Zero Industry Act CO2 Storage Injection Capacity Target protects EU industrial decarbonisation efforts and a Just Transition for All

Safeguarding the chapters on CCS in the NZIA are crucial, so says the 23 co-signatories to our letter sent to EU Member States and European Parliament. The NZIA is a golden opportunity to ensure appropriate development of much-needed CO2 storage capacity, enabling industrial decarbonisation and a Just Transition by the retention of important welfare-carrying jobs in the harder-to-abate sector, while at the same time ensuring the proportionate contribution of Oil and Gas companies.

Europe’s Hydrogen Journey: It’s Time to Move from Hype to Prudent Planning 

Overall, the target setting in the EU is an example that other regions of the world should follow in terms of creating demand for hydrogen in the right sectors, while backing it up with the renewable generation deployment to meet the demand from the electrolysers. However, the supportive landscape that could ensure targets are met is largely missing, leaving the EU strategy towards hydrogen use ambiguous and thus less effective. 

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