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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 Russian Government allocates another 24 billion rubles to construction of Port of Sabetta on the Yamal Peninsula, thus securing total financing of the near 100 billion ruble project.

The drilling of the Pingvin well in the Barents Sea did not prove suffient hydrocarbons for further field development.

Exxon and Rosneft have found oil at the first well drilled, but the unanswered question is how to exploit it as sanctions halt Arctic offshore cooperation.

Finland’s coalition government on Thursday approved plans for building a new nuclear power plant in Pyhäjoki with Russian designed reactor.

Production proceeds as planned, but parts of equipment and services will be replaced by Russian suppliers, a top leader of operator company Gazprom Neft says about Russia’s first offshore oil project.

The United States new round of sanctions on Russia could force Exxon to alter its ongoing drilling in the Kara Sea by September 26.

The new round of EU and US sanctions aims at Russian offshore Arctic oil and gas projects, and could put grand partnerships between Rosneft, ExxonMobil, ENI and Statoil in jeopardy.

Environmental activists from Norway are successfully working for delays in Rosneft’s first project in Norwegian Arctic.

Gazprom Neft platform Prirazlomnoye

The oil subsidiary of Russian gas giant Gazprom was granted exploration rights in the Barents Sea the very same day as EU sanctioned the company.

State oil company Petrovietnam gets stakes in two blocks in Russian Arctic waters as part of its new cooperation deal with Rosneft.

Russia’s President Vladimir Putin has signed a decree that will relieve the settlement of Roslaykovo outside Murmansk of its status as closed military town. Rosneft has ambitious plans for the local shipyard.

The Norwegian drilling company is taking over a share of Russia’s most polluting industry as part of its new comprehensive deal with oil major Rosneft.

The gas monopolist wants to stop Rosneft from getting LNG export permission for the Pechora LNG project.