The environment and the oil industry
A summary of two environmental issues within the oil industry.
Drilling & production - 22 February 2010
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Novatek plans Arctic shipping route
Novatek, the Russian gas producer plans to send LNG shipments to Asia from its fields on the Yamal peninsula in the Arctic via the Arctic Ocean.
Rio Tinto and Vale announce 2009 results
Rio Tinto and Vale have announced their annual results for 2009. Rio Tinto experienced mixed results with revenues from Australia dropping, while US revenues increase. Vale’s coal business remains relatively small, but will continue to develop as production ramps up in Australia and Colombia and starts in Moatize.