
Joint letter – Time to strengthen EU-UK cooperation by linking the EU and UK ETS
In the run up to the EU-UK Summit on May 19th, Bellona and a broad coalition of EU and UK stakeholders are calling on the European Commission and the...
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Publish date: October 21, 2008
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The sum is sufficient for an entire evaluation of the project, including seismic work, test drilling, and interpretation of results, said analysts. They further added that the sum may also cover the cost of a drilling platform, the average cost of a floating drilling platform being $300 million.
For the first stage of the project, no less than $10 million is required, according to analysis by ConocoPhillips. Investment in the project have reached $20 million, b-port.com reported. Alexander Shtok, director of the independent consulting group Due Dilligence, said that in conditions of financial crisis it will be difficult for the Shtokman Development company to find capital, the Ros Business Consulting newswire reported.
However, developing the field is one of Russian state gas giant Gazprom’s most important tasks because many of the company’s other fields are depleted and failure to find new fields could break the company. There is therefore no doubt that the Gazprom monopoly will use every means at its disposal to succeed in the Shtokman field.
In the run up to the EU-UK Summit on May 19th, Bellona and a broad coalition of EU and UK stakeholders are calling on the European Commission and the...
The Carbon Removal Certification Framework (CRCF) has been formally approved by the Council on the 19th of November 2024 and entered into force on the 9th of December 2024, providing an official mandate for the Commission to develop methodologies on carbon farming and carbon removals. However, the technical documents and specifications are still being drafted and revised for input from the Carbon Removals Expert Group (CREG), of which Bellona is a member.
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Monday this week, Norwegian state-owned petroleum company Equinor (with partners Vår Energi and Petoro) started production at a new Arctic site, with...
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