Russian energy giant Rosneft has announced the discovery of a “unique” gas deposit in the Kara Sea containing an estimated 514 billion cubic meters of natural gas. The company says the discovery could establish a new cluster for oil and gas production in the area. Arctic Oil, Gas Discovery a Massive Boost to Russia’s Reserves.
- Petro-Find Geochem Ltd has refocussed its activities from uranium and hydrocarbon
- Geosat Technology AG is able to determine the exact location of potential ground resources