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Norway should not drill for oil along the border to Russia in today’s political situation following the annexation of Crimea, says leader of Parliament’s Energy Committee.

Norway should not drill for oil along the border to Russia in today’s political situation following the annexation of Crimea, says leader of Parliament’s Energy Committee.

The dream of Big Oil around the Johan Castberg field north of Finnmark fades away as yet another test-well turns out to be dry.

Gazprom Neft plans to get the first shipload of oil from its controversial Arctic project in late April.

A survey reveals negative reactions to Rosatom’s involvement in the planned nuclear power plant south of Oulu following the current Crimean crisis.

The Norwegian energy ministry wants to bring oil from the Johan Castberg field to land. Licenseholder Statoil is skeptical.

Oslo called off its environmental minister’s visit to Moscow, cancels military cooperation, but has no objections that Statoil expands cooperation in the Barents Sea with one of Putin’s most important source of income; Rosneft. Igor Sechin and Helge Lund met in Norway on Monday.

The settlement of Roslyakovo is losing its status as closed military town following the oil company’s ambitious plans for the local shipyard.

Norwegian Environmental Agency with strong call against awarding blocks near the ice-edge in the northern Barents Sea.

Europe’s fear of Russian gas cutoff triggers coal price jump and sharp increase in volume exported.

The Korean Hyundai yard is postponing the delivery of the Goliat platform, the first oil production unit made for Norwegian Arctic waters. Meanwhile, production in the Norwegian Sea continues to decline.

The postponement of the 23rd Norwegian License Round is reportedly not connected with the ice-cold relations with Moscow.

Oil major Lukoil is establishing a new regional subsidiary and prepares for the investment of €1,4 billion in the Nenets Autonomous Okrug.

Russia will only be technologically ready to produce oil and gas from the shelf in 10-12 years, a Russian expert says.