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.
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.
Oil production in the Kharyaga field drops. That has serious consequences for the Nenets regional budget
Gazprom Neft ships 110 thousand tons of oil from its Novy Port field.
The oil company wants to build another Arctic oil terminal, similar to the one in Varandey, but might be stopped by Rosneft.
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.