Russian state-owned oil and gas producer Rosneft said Dec. 9 that it has discovered a large new gas field in the Arctic Kara Sea. Not registered? Rosneft is playing a key role in Russia’s Arctic strategy, which aims to capitalize on warming temperatures to transport the remote region’s huge oil and gas resources. Development plans are continuing despite concerns over the climate impact, high costs and sanctions on some oil production in the region. The new gas field is named after Marshal Georgy Zhukov and contains estimated gas reserves of 800 billion cu m. It was discovered during drilling under a program to […]