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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 Japanese market eyes opportunities for import of clean energy from Finnmark.

For the first time since 2012, Norway has surpassed Russia as the largest supplier of gas to Western Europe.

The two companies will support each other in bids for offshore projects and together counter the power of Rosneft. A key part of the cooperation will unfold in the Barents Sea.

Norwegian oil terminal company Norterminal is boosting its position in Russian Arctic energy as it takes on reloading of more oil from Lukoil’s Varandey terminal. 

Low oil prices and sky-high development costs notwithstanding, Russia’s Minister of Natural Resources says works on the Arctic shelf must be intensified.

The low oil price takes its toll on the Norwegian shelf.

Eni’s new Arctic platform reaches its destination in the Barents Sea. Production will start this summer, the company says.

Use of Russian-made equipment on the shelf will give tax relief, the government says.

There’s nothing new about placing bets on horse races or sports teams. But now, thanks to a program called WellBet, people can try their luck at betting on oil and gas exploration on the Norwegian continental shelf.

Drilling has begun at the Bjaaland prospect in the Barents Sea, southeast of Bear Island, after the Norwegian government rejected a recent complaint from Greenpeace about the proposed well.

Russia believes Norway is violating the Svalbard Treaty when the Norwegian government opens three blocks for oil drilling in the Barents Sea, close to the Arctic archipelago.

Russian state nuclear company Rosatom signs deal on construction of an icebreaker for the Yamal LNG project.

The oil company will this year spend 764 million rubles (€13,2 million) on seismic mapping in the Kara Sea.