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 Russian presidential administration supports opening the Arctic shelf for private companies. This could open up for Russia’s biggest private oil producer Lukoil.

RAAHE: Development Manager Juha Miikkulainen doesn’t think the current disagreements between EU and Moscow will affect Finland’s plans for Pyhäjoki nuclear power plant where Russia’s state nuclear corporation Rosatom is heavily involved.

At an oil price of $60 per barrel, Russia’s only offshore oil-producing field in the Arctic, Prirazlomnaya, is unprofitable even with heavy state support.

Gas production in northern Norwegian waters is steadily making its way. But more discoveries and new infrastructure are needed for the region to become a major supplier to the continent.

The Melkøya LNG plant in 2014 had its best year ever.

Statoil finds additional resources near the Aasta Hansteen project, few kilometers north of the Arctic Circle.

Gazprom Neft starts the construction of a 96 MW gas turbine electric power station as part of its Novy Port project.

The Russian gas company considers to build a plant for production of petroleum installations in Murmansk.

The field named “Eagle” is located only about 100 km from the Russian border and will be the easternmost ever drilled on the Norwegian shelf.

The loading of oil from the platform to tankers has been taken to a high level of automatism, operator company Gazprom Neft says.

As the Goliat platform approaches the Barents Sea ready to start drilling, oil companies’ interest in the Arctic reaches new low. Statoil postpones the development of its Johan Castberg field.

The American oil major lost big money after cooperation with Rosneft in the Arctic, Black Sea and Western Siberia was wound down last year.

According to Russian Minister of Energy Aleksandr Novak, there is four times more oil than previously annonced in the University-1 field.