Norway announced an initiative this week to invest about 1 million USD towards a Norwegian-Russian project that will assess the technology needed to develop theuntapped oil fields in the Arctic region, particularly in the Barents Sea. The project has a total funding estimate of about 2.7 million USD over three years and will include partners such as INTSOK, Gazprom, Tschudi Shipping, and others. The group will assess the challenges, gaps in technology, and methods and best practices in order to determine a path forward. According to Norwegian Minister of Foreign Affairs Jonas Gahr Støre...

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