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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.

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.

Finland is having second thoughts to Rosatom’s involvement in the planned nuclear power plant in Pyhäjoki south of Oulu in northern Finland. Environment Minister Ville Niinistö calls energy cooperation with the Russian company ‘a step back’.

Gazprom Neft platform Prirazlomnoye

STAVANGER: Ambitious Arctic offshore exploration plan will need 80 rigs, platforms, tankers, supply vessels and crew boats.

STAVANGER: Statoil brands “It’s possible” at ONS, but CEO Helge Lund says projects in Russia will take more time as export permits for equipment is a bureaucratic process.