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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 North Atlantic Drilling Ltd believes there are “significant risks” related to its $4.1 billion Arctic contracts with Rosneft.

Gazprom Neft has for the first time sent oil from Yamal along the northern Sea Route in winter conditions. 16.000 tons of crude oil was shipped to European consumers by oil tanker, escorted by a nuclear icebreaker.

The state-owned company requests permission for 2-year extended license terms in 12 offshore Arctic projects.

Despite the sanctions, U.S oil companies Shlumberger and Baker Hughes still bid for new contracts in Russian Arctic waters.

Falling oil price hits Norway hard. Exported crude oil for NOK 13.2 billion (€1.54 billion) in January, less than half from the corresponding month last year.

68 new windmills soon to be approved near Skellefteå. In 2014, Europe installed more new wind energy capacity than gas and coal combined.

Russia’s President Vladimir Putin has decided to give Rosneft’s partners and contractors at the Universitetskya field in the Kara Sea the Order of Friendship.

More than $8 billion will this year be invested in the Yamal LNG.

The international airport of Sabetta, an important part of Russia’s huge Yamal LNG project, is open for business.

Given the impact of sanctions, low prices and the absence of any large projects expected to come on-line, oil production in Russia will drop in 2015 by 70,000 barrels a day, a report from OPEC projects.

KIRKENES. Oil exploration in the formerly disputed waters of the Barents Sea should not be affected by the deteriorating East-West relations, Norwegian Foreign Minister Børge Brende says.

“We will support you”, Vladimir Putin tells Lukoil leader Vagit Alekperov as the oil company bids for long-wanted access to offshore licenses.

Russian oil company Rosneft will probably not be able to resume drilling in the Kara Sea this year after ExxonMobil withdrew from the cooperation.