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Page added on January 4, 2020

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What Peak Oil? Retreating Arctic Ice Opens Vast Reserves to Russian Drillers

Geology

A bill authored by the Ministry of Natural Resources was in October this year hammered through parliament. It grants oil and gas companies expanded rights to explore resources both in internal and territorial waters and is aimed at lowering the financial burden of the oilmen engaging in the region.

«It allows us to increase the intensity of geological exploration in these waters,» ministry representative Yevgeny Tanin says.

Big resources

<figcaption>The field of Kharasavey on the coast of the Yamal Peninsula is one of several Russian Arctic fields located partly on land, partly offshore. Photo: Gazprom</figcaption>” src=”https://russia-insider.com/sites/insider/files/styles/w726xauto/public/main/2019-Dec-18/kharasavey-gazprom.jpg?itok=_1ZwKEN0″><figcaption>The field of Kharasavey on the coast of the Yamal Peninsula is one of several Russian Arctic fields located partly on land, partly offshore. Photo: Gazprom</figcaption></figure><p><a href=According to the ministry, there are huge hydrocarbon reserves hidden under the shallow seas in the area. Only the license area of Khastakh-more in the Laptev Sea might hold about 13 billion cubic meters of natural gas and 500,000 tons of condensate, the government body informs. Similarly big resources are located in licenses like the Prigydansky area in the Kara Sea, as well as in parts of the Barents Sea.The new legislation is adopted as the level of Arctic ice reaches historical lows. According to ice data from the National Snow and Ice Data Center, the month of November 2019 had the second lowest Arctic sea ice extent for the month in the 41-year satellite record.

Climate change is increasingly making previously inaccessible areas in the Russian North available for industrial activity.

Shrinking ice

A new climate report from the Russian meteorological institute states that the polar parts of the country have become almost 2,3 degrees warmer over the past 30 years. And in parts of the region, the heat is gaining breath-taking force. In the Kara Sea, average air temperatures in the period 1998-2018 were as much as 4,77 degrees above normal.

Several oil companies appear eager to engage. Drilling along the coast might be far less complex and cheaper compared with deeper offshore areas.

Both Gazprom and Novatek are from before heavily engaged in shallow waters along the Yamal Peninsula, and Rosneft in 2017 reportedly found more than 80 million tons of oil in its Tsentralno-Olginskaya-1 field, a structure located in the Khatanga Bay. The well was drilled from land in the nearby Taymyr Peninsula.

New licenses

The state-owned oil company this week again confirmed its major interest in the remote region. Rosneft President Igor Sechin put more than 6 billion rubles on the table for the acquisition of the license areas of Mezeninsky, Severo-Dzhangodsky and Yangodsky in Taymyr.

The licenses together cover an area of 6,400 square kilometers and hold an estimated 177 million tons of oil and 448 billion cubic meters of natural gas, the company informs.

Rosneft’s interest in the Taymyr Peninsula might be connected with the current development plans for Russian Arctic infrastructure. The Northern Sea Route has become a top national priority and several major industrial projects are in the pipeline. Among them is a projected oil pipeline to a site near Dikson, the small town in Taymyr. The pipeline is heavily supported by both Rosneft and its partner Neftegazholding.

The melting sea ice and the building of new infrastructure and icebreakers could ultimately enable Rosneft and the other oil and gas developers to bring their hydrocarbons out of the region. But it still comes with a very high price.

times direct



48 Comments on "What Peak Oil? Retreating Arctic Ice Opens Vast Reserves to Russian Drillers"

  1. print baby print on Sat, 4th Jan 2020 9:42 am 

    Remember Kuluk , but hey there is a chance that technology will solve everything. Hitler kept Germans to believe he has super secret weapons while Berlin was in flame

  2. Robert Inget on Sat, 4th Jan 2020 10:26 am 

    Oil majors, other than Russian have quit Arctic drilling (after plowing in billion$).

    Rosneft, going after natural gas now selling;
    http://www.livecharts.co.uk/MarketCharts/ngas.php
    (under cost of production) Oil companies are PAYING to take the stuff away. (when flaring prohibited)
    Let’s get to the bottom of this. IOW’s WHY?

    I could offer a half dozen THEORIES. No evidence.

  3. tommytommywantshismommy on Sat, 4th Jan 2020 10:31 am 

    Vast reserves? Going to need a whole lot more then this…177 million tons is like 1.3 billion barrels…that isn’t really much in the whole scheme of things….Just over 2 weeks of world consumption at current rates. In 2018 the world used 3.8 trillion cubic meters of natural gas… so that amt of gas would cover 43 days of usage. Not a small amount, but going to need more big finds.

  4. JuanP on Sat, 4th Jan 2020 11:45 am 

    Go Russia! Russia is the biggest country in the world and it has more natural, energy, and mineral resources than any other country in the planet. They also have a stable population, which is an incredible advantage at this moment in time. Russia has more food, water, energy, and weapons than they need to support and defend themselves for decades to come, regardless of their problems and humanity’s predicaments. If there is one country about which I am not worried about is Russia. The Russians are in tiptop shape.

  5. Anonymouse on Sat, 4th Jan 2020 1:00 pm 

    Careful Juan, the neuterererer and deporter-in-chief will be along any minute now to call you an illegal immigrant that has an agenda and that you are not being fair and balanced. Either of which alone, would be grounds for deportation at a minimum.
    That is, after he gets done with either, his latest raft of bloviating cut and paste turd salads and or the goat.

  6. Hellboy on Sat, 4th Jan 2020 4:30 pm 

    The Oilprice seams to be still too high when this is gone happen!

  7. JuanPee is REAL Stupid on Sat, 4th Jan 2020 4:32 pm 

    Hellboy is stupid

  8. Sissyfuss on Sun, 5th Jan 2020 8:28 am 

    All the old multi decade ice is disappearing, making it feasible to ramp up exploration and recovery. It also guarantees serious climate disruption will accelerate and hasten our demise. When a snake eats its tail it chokes to death before it is sufficiently fed.

  9. Robert Inget on Sun, 5th Jan 2020 7:51 pm 

    Trump threatens to slap sanctions on Iraq
    ‘like they’ve never seen before’
    https://www.cnbc.com/2020/01/06/trump-threatens-to-slap-sanctions-on-iraq-like-theyve-never-seen-before.html

    (we invaded Iraq twice, killed over 500,000)

    What a bunch of ungrateful slobs!

    Now they want us to leave, without getting ‘our’ oil. Well, I never.

  10. makati1 on Sun, 5th Jan 2020 8:18 pm 

    Robert, If you are an Amerikan, I hope you are working on your preps because I see this year as only the beginning of the pain the US is going to experience through blow-back and stupidity.

  11. JuanP on Sun, 5th Jan 2020 8:27 pm 

    mak, why do you have such a hard-on for Americans? Was you life so bad in America?

  12. Davy on Sun, 5th Jan 2020 8:59 pm 

    Mak doesn’t have a hard on fer Amerikans JuanP.

    He no’s we’re self destructing. Just like I been planning for fer the past couple of decades.

  13. Pat on Mon, 6th Jan 2020 4:53 pm 

    The world is at end of oil age. Tell tale signs begin with the oil shortages in 2020. There will be no functioning governments when the BAU OIL era end begin with shortages in 2020. Prepare.

  14. Darrell Cloud on Mon, 6th Jan 2020 6:07 pm 

    Sixty pounds of rice and twenty pounds of dried beans can be had a Walmart for less than $50. Four five gallon home depot buckets with screw on lids will store it nicely. I just opened four buckets I put up in 2015 and the rice and beans are ok. Look to your larders.

  15. makati1 on Mon, 6th Jan 2020 6:49 pm 

    Darrell, the same can be bought here in the Philippines for about $35. I have at least a years supply of both. (1 lb of rice = 5 meals.) White rice, if stored properly, can last for decades. Ditto for dried beans. I have used both after two plus years of storage and the only difference was a slight lose of taste, but the nutrition was still there. Good items for preps. Don’t forget salt in its many variations. Also real honey and powdered milk will round out your healthy diet.

  16. Duncan Idaho on Mon, 6th Jan 2020 6:56 pm 

    “Soleimani’s shoe is worth more than Trump’s head, so there’s no one I can point to to say this is the person we can target.”
    We shall see—–

  17. fwsmj max low english on Mon, 6th Jan 2020 6:59 pm 

    Iranian top dog says Iran will hit 6,236 US targets, “the number of the verses of the Holy Quran”

    why is learned muzzie quoting muzzie text but muzzing is peaceful religion?

    supertard big muzzie beard reports

    this post funded and supproted by supertard madcat

  18. claes on Fri, 10th Jan 2020 3:01 pm 

    Russias role in the future
    Juan said: “Go Russia! Russia is the biggest country in the world and it has more natural, energy, and mineral resources than any other country in the planet. They also have a stable population, which is an incredible advantage at this moment in time. Russia has more food, water, energy, and weapons than they need to support and defend themselves for decades to come, regardless of their problems and humanity’s predicaments. If there is one country about which I am not worried about is Russia. The Russians are in tiptop shape.”

    Let’s keep russia in good shape untill we find a reasonable way to live with the new imperialistic china

  19. JuanP on Fri, 10th Jan 2020 3:23 pm 

    Go REAL Green realgreenadaptation.blog

  20. claes on Fri, 10th Jan 2020 3:34 pm 

    Juan, By Going real green, I guess you mean exterminating all powers that be, by peacefull means like ebola, sars etc.
    I’m all in for that

  21. claes on Fri, 10th Jan 2020 3:49 pm 

    No matter how green this world would be, we humans will still proliferate this world and kill off other life. We need to cull the herd.
    It’s not a question of going green, it’s a question about the number of over-consuming humans in this biosphere. We are too many.

  22. JuanP on Fri, 10th Jan 2020 3:59 pm 

    claes go to realgreenadaptation.blog and the green prepping way of life is explained very well.

  23. Davy on Fri, 10th Jan 2020 4:10 pm 

    “It’s not a question of going green, it’s a question about the number of over-consuming humans in this biosphere. We are too many.”

    That’s why pretending to be REAL Green is such bullshit claes.

    JuanP is stupid.

  24. Davy on Fri, 10th Jan 2020 5:06 pm 

    Well, if it helps clarfify matters, I’ve gone REAL CRAZY. I find that helps me deal with my issues better. At least that is what REAL GREEN tells me. And I am pretty sure I can trust him. Or maybe not. Do you think Real Green is screwing with my head? Let me know in comments below.

    Thanks everyone. Except makatoo. You’re just a crazy old, near dead extremist.

  25. Anonymouse on Fri, 10th Jan 2020 5:18 pm 

    Go REAL Green realgreenadaptation.blog

    #ME-TOO#

  26. makati1 on Fri, 10th Jan 2020 5:19 pm 

    Go REAL Green realgreenadaptation.blog

    #ME-Three#

  27. JuanP on Fri, 10th Jan 2020 5:20 pm 

    Go REAL Green realgreenadaptation.blog

    #its a party#

  28. JuanP is stupid on Fri, 10th Jan 2020 5:27 pm 

    Just stupid

    This is from stupid:

    Anonymouse said: Go REAL Green

    makati1 said: Go REAL Green

    JuanP said: Go REAL Green

  29. REAL Green on Fri, 10th Jan 2020 5:35 pm 

    Were screwing with are head Davy. We can trust us on that one.

  30. Whining JuanP on Fri, 10th Jan 2020 5:42 pm 

    Thanks for bumping up real green site visits whining juan. LMFAO

    This is from juanPee
    REAL Green said Were screwing with are head Davy. We can trust us…

    JuanP is stupid said Just stupid This is from stupid: Anonymouse said:…

  31. Davy on Fri, 10th Jan 2020 5:50 pm 

    We are spending less time on this lame unmoderated forum to concentrate on are own blog. We do want to thank all those who have attacked us with giving us material for growth. We have saved the best of are comments for are new blog. We have years worth of are own material. We have enjoyed moderating the worst of you and neutering your selfish useless agendas. We will still be here it is just we will be spending more time putting out are blog. We don’t expect much of a following with are blog. This is more a personal effort to assemble what we have learned over the last 10 years of formulating are REAL Green Deep Adaptation. Many of are ideas and lifestyles our not ares. We plagiarize what ever works. We do not claim anything either. It is an open source effort. Anyone can take what we our offering and use it however you want. Take are title if you like. For the stalkers here we hope you find are blog and visit the comment forum. It will be only lightly moderated to prevent juanpee identity theft and excessive cloggo spamming. LOL. There will be a prize for juanpee and annoymouse if you can stalk are blog. Double LOL. Anyway fuck are enemies and many thanks to those who contributed to are metamorphous.

    We guess we could have joined the moderated section at PO dot com, but we knew we’d get are ass permanently banned. We’ll try not to let the door smack us up the backside on the way out.

    Goodbye to ALL of you dumbasses.

  32. REAL Green on Fri, 10th Jan 2020 5:55 pm 

    Speak fer yerself davy. I want nothing to do with yer stupid blog.

    dumbass

  33. Whining JuanP on Fri, 10th Jan 2020 6:06 pm 

    It fun seeing the lunatic juanPee tormented

    this is juanPee
    REAL Green said Speak fer yerself davy. I want nothing to do with…

    Davy said We are spending less time on this lame unmoderated…

  34. The Economist on Fri, 10th Jan 2020 6:27 pm 

    “The End Of The “Chinese Miracle”
    https://tinyurl.com/ttujq45 gnseconomics

    “China is reaching the end of its debt-driven economic model, and thus well-along in the end-game of the ‘Chinese Miracle’. This will bring drastic changes to the world economy, which will fuel the global economic collapse of 2020-2023…the Chinese economy has reached or is very close to reaching the point of debt saturation, where households and corporations simply cannot absorb any more debt, and any new debt-issuance fails to stimulate the economy…This effectively means that China is fiscally unable to underwrite massive infrastructure projects and so any new world-economy-saving stimulus from China, as in 2015/2016, will be practically impossible…there are massive amounts of non-performing loans burdening the balance sheets of Chinese banks…what will Chinese leaders do? Will they try to force debt into the economy in a desperate effort to postpone the impending recession? If so, this would probably extend the global business cycle for few quarters. But, as China has already surpassed all historical examples of ‘credit bonanzas’ (see Figure 2), this would also guarantee that by 2021 the Chinese economy would be in for a ‘hard landing’ (crash) taking the global economy with it… The second option for Chinese leaders is to enact short-term “surgical” stimulus measures to keep the economy from collapsing. This would mean that the global economy would continue to sink and enter into a recession in 2020. While this could shelter Chinese economy from utter collapse, it could still lead to serious political instability”

  35. REAL Green on Fri, 10th Jan 2020 8:18 pm 

    The Economist Davy? Talkin about stupid.

    stupid

  36. claes on Fri, 10th Jan 2020 8:23 pm 

    Realgreen is a toothless feelgood solution that will give you a good conscience and a place in heaven.
    Culling will get the job done, and give you a real bad karma. Pick your choise you cowards

  37. JuanP on Fri, 10th Jan 2020 8:45 pm 

    REAL Green is individual and local and has nothing to do with heaven, claes.

  38. claes on Fri, 10th Jan 2020 8:56 pm 

    Juan – OK but still completely toothless, and basically selfish. Just like Jesus who gave his life for our sins, and then he went on to become vice chairman in Heaven Corp. I would call that the easy solution.
    If he had gone to hell for our sake, now that would have been a sacrifice.
    Realgreens are taking the easy way out by not recognizing overpopulation as the real culprit

  39. Davy on Fri, 10th Jan 2020 9:07 pm 

    Don’t listen to JuanP claes.

    JuanP is stupid

  40. REAL GREEN on Fri, 10th Jan 2020 9:12 pm 

    No, ur stupid Davy.

  41. Davy on Fri, 10th Jan 2020 9:14 pm 

    BTW claes. REAL Green is my personally dedicated sock puppet. And the JuanP your discussin with is me doing ID Theft. Best to ignore me. I’m not quite write.

    Just so you no.

  42. claes on Fri, 10th Jan 2020 9:16 pm 

    Realgreen , It’s not about being stupid, it’s about taking some really tough decissions about life on this planet. Maybe i’m an ecofascist, but so be it.

  43. claes on Fri, 10th Jan 2020 9:22 pm 

    Thanks anyway Davy, but maybe after all you are a little stupid. Sleep tight

  44. The Board on Fri, 10th Jan 2020 9:22 pm 

    claes,

    REAL Green is Davy’s Sock Puppet, and JuanP is Davy doing Identity Theft. Davy is a schizophrenic, and a troll.

    Please claes. We are trying to get this forum back on track.

    Do not feed the troll.

  45. Davy on Fri, 10th Jan 2020 9:43 pm 

    Just so you know, when I say ‘we’, are trying to my board back on track, I mean me and REAL GREEN. Not talking about any of you other fuckwacks and extremists. None of you are any help at all. I will continue to document all your stupidness against my forum, you’ve been warned.

  46. REAL Green on Fri, 10th Jan 2020 10:58 pm 

    #Morethanenoughtofryusall

  47. Davy on Mon, 13th Jan 2020 7:03 am 

    “US May Ground Civilian Drone Fleet Over China Spy Fears”
    https://tinyurl.com/vluyr4s zero hedge

    “US and Chinese economies are undergoing a great decoupling despite an optically pleasing Phase 1 trade deal. The Trump administration is preparing to ground the largest civilian drone program in the country because drones are made in China and could be susceptible to foreign hackers, reported the Financial Times.”

    “The Department of the Interior is expected to ground nearly 1,000 drones in the near term, two sources told the Times. They said the drones are at high risk of being hacked by the Chinese.”

  48. JuanP is jealous on Mon, 13th Jan 2020 7:24 am 

    This is stupid. juanPee is jealous that he is a low IQ guy. Stupid junPee, I am OK with any of your post but why don’t you quit being a coward and post them under your handle. LOL

    This is from the lunatic juanPee:
    Davy said “US May Ground Civilian Drone Fleet Over China Spy…

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