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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.

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.

The region strikes deal with federal authorities over the development of ports facilities in Indiga and Naryan-Mar. That will prepare the ground for more out-shipments of Arctic oil and gas.

The Norwegian state might ultimately have to take its part of the bill for major oil and gas infrastructure projects in the Barents Sea.

The oil resources of the Kara Sea are comparable with the ones of Saudi Arabia, Rosneft’s Igor Sechin told President Putin in a televised call from the company’s first Kara drillsite.

The gas company is granted the license to the Kheysovsky structure, an 83,500 square km area in the Barents Sea.

Russia’s Yamal LNG project and construction of the Port of Sabetta are on track despite Western sanctions, head of project operator Novatek says.

The state-owned company will hire 2000 people in connection with the development of its new Arctic base infrastructure in Murmansk.

The drilling rig is on its way towards far-Arctic Russian waters as part of the controversial cooperation between ExxonMobil and Rosneft.

A Norwegian seismic vessel has started mapping of the disputed shelf around the Svalbard archipelago.

The Norwegian oil company did not discover much-desired hydrocarbons at the Atlantis structure in the Barents Sea. Meanwhile, the Austrian OMV is drilling with success at its neighboring license areas.