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 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.

The Prirazlomnaya platform is packed with Norwegian technology and is likely to soon feel the consequences of the western export ban on oil and gas equipment.

The mapping of the disputed Arctic waters is a nasty and unnecessary attempt to open a very vulnerable area for the oil industry, Greenpeace says.

STAVANGER: Statoil has found no commercial wells of oil in the Barents Sea this summer, but politicians and industry are still optimistic that the north will see a boost in petroleum activities.

Murmansk is pushing for an additional lifetime extension of the ageing reactors at the Kola NPP.

Russia’s Gazprom will no longer have monopoly on gas sales to Lithuania.

“This deal will allow Rosneft to acquire new unique expertise in operations in harsh climate conditions,” says Rosneft President Igor Sechin, a man listed on both the EU and the US sanctions lists.

Gazprom Neft is ready to ship out 80,000 tons of Novoportovskoye oil through the Ob Bay and towards western markets.

The oil servicemen involved in the ongoing drilling in the Kara Sea commute up to 5000 km to and from the drillsite.

Norway’s Statoil and Russia’s Rosneft has started exploration operations in the Norwegian secotr of the Barents Sea.

Rosneft President Igor Sechin suggests that his company gets a number of additional offshore field licenses, as well as better oil export tax conditions.