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The key remaining ventures involving Western companies are three projects between BP (BP.L) and Rosneft in East and West Siberia and a gas venture between Rosneft and Exxon Mobil on Sakhalin island. Also on the gas front, Royal Dutch Shell (RDSa.L) and France’s Total (TOTF.PA) have been considering new liquefied natural gas projects with Gazprom and Novatek (NVTK.MM), as well as a new pipeline to Europe under the Baltic Sea. But to put the projects in perspective, the combined cost of all of them is about $50 billion - less than a 10th of the Russian oil industry’s investment program for the next decade.
And if Western institutions are wary of lending to Russia, other countries such as China have been prepared to step in, Novatek and Total, for example, launched the $27 billion Yamal LNG plant this year with tateossian cufflinks review Beijing’s financial support, The weakest link in the Russian oil industry in the face of sanctions has traditionally been high-end Western technology such as complex drilling, hydraulic fracturing or IT, said Denis Borisov, director of EY’s oil and gas center in Moscow, Russia’s drilling and oil servicing market is worth about $20 billion a year and the share of the market held by Western service companies has remained fairly steady over the last few years and at about a fifth..
“But the process of replacing foreign equipment with local production has gathered pace,” said Borisov. Rosneft, which produces 40 percent of Russian oil, has recently tested its own simulated hydraulic fracturing technology - the extraction technique that spurred the boom in U.S. shale oil production. The technology first came to Russia mainly via major Western oil services firms such as Schlumberger (SLB.N) and Halliburton (HAL.N). Companies such as Schlumberger are still doing a lot of complex drilling work in the Caspian Sea and West Siberia for Lukoil, as well as working on the world’s longest extended reach well for Exxon and Rosneft off the Sakhalin island.
But Fitch’s Marinchenko said the reliance of Russian oil firms on Western technology has declined since 2014 thanks to imports from China and local tateossian cufflinks review production of drilling equipment, Since 2014, Rosneft’s own drilling subsidiary has doubled its market share to 25 percent, meaning the company has become almost self sufficient, “It is clear that new wide-scale sanctions on technology will not become the start of an end for the Russian oil industry, especially if Europe doesn’t join them,” said Marinchenko, “But it will complicate the development of hard to extract or depleted deposits.”..
CHICAGO (Reuters) - America’s two biggest independent seed sellers, Beck’s Hybrids and Stine Seed, told Reuters they are pushing U.S. environmental regulators to bar farmers from spraying dicamba weed killer during upcoming summers in a potential blow to Bayer AG’s Monsanto Co. Limiting spraying of the chemical to the spring season, before crops are planted, would prevent farmers from using the herbicide on dicamba-resistant soybeans that Monsanto engineered. The seeds are sold by companies including Beck’s and Stine.
Last summer, after farmers planted Monsanto’s dicamba-resistant soy seeds en masse, the herbicide drifted onto nearby farms and damaged an estimated 3.6 million acres of non-resistant soybeans, or 4 percent of all U.S, plantings, Problems have not gone away, As of July 15, the University of Missouri estimated that more than a million acres of non-resistant soybeans were hurt by dicamba, Homeowners who live near farms have also complained of damage to their trees and flowers, The U.S, tateossian cufflinks review Environmental Protection Agency (EPA) is now weighing such complaints as part of a high-stakes decision on the herbicide’s future..
Bayer bought Monsanto and its portfolio of dicamba-resistant Xtend brand soy seeds for $63 billion this year in a deal that created the world’s largest seed and pesticides maker. St. Louis-based Monsanto sells dicamba herbicide, along with rivals BASF SE and DowDuPont Inc. Monsanto and BASF said farmers need dicamba to kill tough weeds and that the chemical can be used safely. DowDuPont declined to comment. Monsanto is banking on Xtend soybean seeds to dominate soy production in the United States, the world’s biggest producer. They are seen as a replacement for the company’s Roundup Ready line of seeds, engineered to tolerate the weed killer glyphosate, which has lost effectiveness as weeds develop their own tolerance to the chemical.
EPA tateossian cufflinks review approval for dicamba to be sprayed on resistant crops expires this autumn, The agency could extend its approval, with or without new restrictions on use, or take dicamba off the market, Seed companies expect a decision in the coming weeks, Most complaints about dicamba drifting would stop if the EPA restricted its use to killing weeds in fields before crops are planted, Beck’s Hybrids told the agency in a July 27 letter seen by Reuters, “Anybody that sprays it, you have issues with the volatilization,” CEO Sonny Beck said in an interview on Wednesday, referring to the chemical vaporizing and drifting..