Rosneft and Eni have signed an Integrated Cooperation Agreement to jointly explore fields in the Russian sectors of the Black and Barents Seas.

The Nord Stream gas pipeline project in the Baltic Sea is entering an intensive period of activity.

Oil Production from the Cheleken Contract Area in the Turkmen sector of the Caspian Sea averaged 70,600 b/d in the first quarter of 2012, according to operator Dragon Oil.

Public hearings have concluded in northern Russia on Rosneft’s 2012 Arctic seismic study program.

Gazprom and Eni have agreed to adjust the terms and conditions for Russian natural gas supplies to Italy.

Rosneft has secured licenses for geological survey, exploration, and production of oil and gas at three blocks on the Russian Barents Sea shelf.

Rosneft has been awarded five blocks for geological surveying, exploration and development on the Sea of Okhotsk shelf off northeast Russia.

Husky Energy has started production from a two-well pilot scheme on the West White Rose field offshore Newfoundland.

A Gazprom delegation has visited the Murmansk Oblast to discuss support requirements for offshore projects in arctic regions.

LUKOIL has signed a five-year cooperation agreement with the government of Astrakhan Region.

Gazprom and KazMunaiGaz National Co. have held talks concerning a potential joint development of the Tsentralnoye field in the Russian/Kazakh sectors of the Caspian Sea.

High on the list of frontier areas beckoning explorers are the Arctic offshore regions bordering the US, Canada, Europe, and Russia, with growing interest in Greenland.

Officials from Rosneft and Sevmorneftegeofizika have signed an agreement to conduct seismic exploration in the Russian sector of the Black Sea.

Gazprom could extend its overseas offshore operations to Sri Lanka.

LUKOIL has staged special tactical maneuvers in the Russian sector of the Caspian Sea.

The proposed BP-Rosneft share swap transaction and proposed Arctic exploration program has lapsed.