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(From Lloyds List)
Byline: Politics is slowing the progress of opening up the Barents Sea to drilling rigs and keeping oil company investments waiting in the wings, writes Martyn Wingrove
OIL companies cannot wait to get their hands on the potential riches in the Barents Sea and European markets will increasingly need the resources already found in the region. But progress to open up the continent's last frontier for exploration has been slow.
For at least a year Russia has been promising to choose which oil companies will be allowed to participate in developing one of the world's largest offshore gas fields Shtokman with five groups hoping ...