Since 2024 Shell company will extract oil and gas in Arctic, reported Singhua quoting the statement of Peter Wozer, Executive Director of the Oil and Gas Holding.
In one of his last interviews Wozer said that “Arctic is rich in oil and gas and the region will be explored.”
After series of halts and incidents during the exploration drilling in Arctic in 2012 Shell announced suspension of exploration in Arctic in 2013 to prepare the equipment and work out the plan to resume the operations later.
“Shell plans to start the exploration drilling in 2014 and 2015, but the issue has not been solved yet,” reported http://www.angi.ru.--0--
Economics
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
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