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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 cuts in state funding are connected both to the increasing monopolization of the sector and to the difficult economic situation, Minister of Natural Resources Sergey Donskoy said.

As Russian President Vladimir arrives in Beijing for a state visit, oil company Rosneft announces drilling contract with China Oilfield Services Ltd (COSL) in joint project with Statoil.

The crew for Russia´s first floating nuclear power station started their training in Saint Petersburg today. 

Oil companies Gazprom Neft and Eni will lose big money on their offshore projects in the Barents Sea.

A Chinese investment fund acquires 9,9 percent of the Yamal LNG project.

Gazprom Neft has brought its second well into production at the Prirazlomnoye field in the Pechora Sea.

Royal Dutch Shell won permission on Monday to start deep drilling at a Chukchi Sea exploration well, opening the way for the company to reach oil.

State company Rosneft files law suit against the Ministry of Natural Resources over the right to develop the East-Taimyr license.

Northern Finland moves with the winds, outpaces neighboring Nordic regions in wind power generation.  

The company secures additional access to the Russian Arctic coast as it wins the license to the East Taimyr oil field.

Shipping company Dynagas will buy five Arctic LNG carriers and take on shipments from the Yamal LNG project.

The Russian offshore oil and gas industry is close to a collapse. But Murmansk still pushes forward with its grand plans for an Arctic petroleum base.

Washington introduces sanctions against Gazprom’s Yuzhno-Kirinskoye field, one of the biggest hydrocarbon projects on the Russian shelf. That could have consequences also for Statoil’s cooperation with Rosneft in a nearby license.