Looking for a specific product?

Make a search for products & suppliers, articles & news.

NOK 6 million to petroleum technology assessment project for the Arctic

“If we are to be able to develop the Barents Sea as a new energy province, we must have the necessary technology to operate in vulnerable Arctic areas. Cooperation between public and private actors from Norway and Russia is essential if we are to succeed in developing this technology,” said Foreign Minister Jonas Gahr Støre.  

Today, the Ministry of Foreign Affairs announced NOK 6 million in funding to a Norwegian–Russian project that will assess the gap between the technology currently available and the technology needed for extracting oil and gas resources in the Barents Sea in an environmentally sound and safe way. The funding will be provided through the Barents 2020 programme.

The project Russian–Norwegian Oil and Gas Industry in the High North (RU–NU Barents) has a total budget of NOK 16 million over a period of three years, and will be led by the organisation INTSOK – Norwegian Oil and Gas Partners. In addition to a number of industry organisations and public sector actors, Russian participants in the project include companies such as Gazprom, and Norwegian participants include Shell Norway, Conoco Phillips, North Energy and Tschudi Shipping.

“This project will add industrial weight to our energy cooperation with Russia in the wake of the maritime delimitation treaty. It will help to facilitate increased petroleum activity in the Barents Sea. This activity must be carried out in a sustainable and responsible manner, with the petroleum industry taking the lead,” said Mr Støre.

The industrial actors involved in the project will first participate in working groups to assess common technology challenges Russia and Norway face in developing the High North. They will then analyse existing technology, methods and best practice. Once concluded, the project will show where there is a need for innovation and further technological development.

 

Related news

Latest news

Eimskip strengthens its worldwide forwarding services by acquiring the logistics company SHIP-LOG A/S in Denmark

Eimskip has strengthened its position in worldwide logistics services by acquiring 75% of the freight forwarding company SHIP-LOG. 

For Sale Assets from the former BMV LAKSEVÄG YARD in Bergen, Norway!

For Sale Assets from the former BMV LAKSEVÄG YARD in Bergen, Norway! The entire shipbuilding and fabricating facility is closing and more than 500 lots is on sale.

Servogear CPP for Seasight II - Future of the Fjords

We are proud to announce that Servogear has been chosen for the delivery of Servogear...

TechnipFMC Signs Agreement with Pall to Supply Slurry Oil Filtration Systems for Fluid Catalytic Cracking Units

The associated activities will be managed by TechnipFMC Process Technology’s center in Houston,

10 Million kroner for verification funding

The Norwegian Research Council has granted 10 million...

Hilti acquires Oglaend System Group

Oglaend System’s headquarters will remain in Klepp, 

DOF Subsea AS ("DOF Subsea" or the "Company") today announces its intention to launch an initial public offering (the "IPO") of its ordinary shares and to apply for a listing on Oslo Børs

NOT FOR DISTRIBUTION OR RELEASE,

DOF Subsea North America extends charter for Jones Act Compliant vessel Harvey Deep Sea

The Harvey Deep Sea Vessel is a Multi-Purpose DPII Construction,

Untrue rumours about an on-going incident at the Halden Research Reactor in Norway

The Norwegian Radiation Protection Authority has become aware that stories about an ongoing incident involving a “meltdown” at the Norwegian Institute for Energy Technology (IFE) reactor situated in Halden are currently ci...