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Statoil did not discover oil in the controversial Apollo well near Bear Island.

Billions are invested in the Zvezda yard outside Vladivostok to make it capable of meeting Russia’s growing demand for ice-protected ships and platforms.

The “Saturn” lost one of its lifeboats and got its helipad destroyed in last week’s Arctic storm, pictures of the rig show.

Drilling rig ”GSP Saturn” arrives in Murmansk after a troublesome voyage through stormy Arctic waters.

Gazprom Neft has so far shipped 200,000 tons of oil from its platform in the Russian Arctic.

Rumors are flying like the storm that hit the Romanian built jack-up rig “Saturn” near the island Kolgoyev last Friday.

The 16 new tankers to be built for the Yamal LNG project will be able to break through 2,1 meters of ice and operate independently on the Northern Sea Route.

Russian oil major Lukoil is going to invest 35-40 billion rubles yearly in oil field development in the Nenets Autonomous Okrug.

The University-1 well in the Kara Sea holds 128,7 million tons of first-class oil, company President Igor Sechin says.

The closing of the comprehensive deal between Rosneft and the North Atlantic Drilling Ltd is being delayed.

Statoil has completed its extensive 2013-2014 exploration program in the Barents Sea, with fewer commercial discoveries than the company had originally anticipated.

A northern community in Finland has not only gone off the grid – it’s never been on it. Why Kempele ecovillage could be the prototype neighbourhood for future northern green communities.

In a meeting with Novatek’s President Leonid Mikhelson last week, President Vladimir Putin promised to help the company’s giant Yamal LNG project, suffering under Western sanctions.

Norwegian state-owned coal mining company Store Norske on the Svalbard archipelago is in a serious situation because of low prices on coal. The company is now in dialogue with the State, employees and the bank to secure further operations in 2015.

Extreme climate, difficult ice conditions and lack of technical means to work year round forces the oil-major to ask for prolonged geological exploration period to 15 years.