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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.

There might never be built a nuclear powerplant at Pyhäjoki, northern Finland, unless energy company Fortum gets control over the mighty hydropower resources in Northwest Russia.

Russia’s only oil drilling rig in the Arcitc, the Prirazlomnaya platform, has now produced over 4 million barrels of crude oil.

Oil company Rosneft is conducting seismic mapping of two of its key lisence areas in the Pechora Sea.

French company Total’s failed adventure in the Barents Sea comes to end as Gazprom buys its 25 percent stake in the Shtokman Development AG. 

The two companies’ first ever joint drilling operations could result in the development of a major new Arctic oil field. 

A new law might force shipping companies to sail in the Arctic only under Russian flag.

Another well will be completed by the end of June, Gazprom Neft Director for offshore projects Andrey Patrushev says.

The two companies might carry out their first joint drillhole in 2016.

The Polish energy company PGNiG aims for Norwegian Arctic licenses in areas near the maritime border to Russia.

The company gets a 3-year time extension in seven Arctic offshore licenses.

Western sanctions have made drilling in the Russian Arctic difficult, but seismic works continue and will be completed according to plan, says Russia’s Minister of Energy Aleksander Novak.

Researchers say that in 35 years, Finland could theoretically get all of its energy needs using only renewable energy sources.

Dock trials of Russia’s first floating nuclear power plant will start this summer. The plant will replace old power plants in Chukotka, where the government is planning a 5 billion rubles investment in onshore infrastructure.