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.

Teriberka, Murmansk Oblast

Murmansk Governor Dmitry Dmitriyenko wants to establish a special economic zone around Teriberka, the hub of the Shtokman project.

The Finnish economy contracted 7,6 percent year-on-year in the first quarter of 2009, figures from Statistics Finland show.

The Nord Stream pipeline

The Finnish Uusimaa Regional Environment Centre in a statement concludes that the Nord Stream project poses no serious environmental threat to Finland and that the planning of the 1200 km long underwater Baltic pipeline project can proceed.

Neva River, St.Petersburg

An underwater tunnel for the Nord Stream pipeline has been laid under the legendary Neva River.

The construction of the “Arkticheskaya” jack-up rig will be completed by mid-2010, the Svezdochka yard in Severodvinsk, Arkhangelsk Oblast, confirms.

Gazprom - Rosneft - Russian shelf

The two Russian energy majors Gazprom and Rosneft have agreed about possible joint exploration of the shelf.

MURMANSK: Russian oil major Rosneft is ready to let foreigners into their projected offshore fields in the Arctic. But will demand market shares in the companies’ respective countries in return.

The Yamal

The development of infrastructure and field operations in the Yamal Peninsula has reached a level, which makes possible a launch of the Bovanenkovo field ahead of schedules, Gazprom deputy Aleksandr Ananenkov said when visiting the gas-rich area this week.


In their upcoming shareholders committee meeting, the partners in the Shtokman Development AG will have to agree on ways to meet the rapidly changing situation in the world gas market and overcome strongly diverging views on field development.

Photo: Thomas Nilsen

The Norwegian Ministry of Environment will in April present a report, which will lay the foundation for the future management of the Lofoten waters, the oil-rich and environmentally vulnerable areas off northern Norway

Murmansk Governor Dmitri Dmitrienko and Prime Minister Vladimir Putin met in Murmansk on Saturday.

Visiting Murmansk on Saturday, Russia’s Prime Minister Vladimir Putin made it clear that the Shtokman development will start next year.

Photo: Gazflot

Russia has the world’s strictest regulations on offshore oil production, but lags seriously behind with regard to emergency preparedness, a leading official in the country’s main environmental watchdog says.

Newly appointed leader of the Shtokman Development AG Aleksey Zagorodsky in his meeting with Arkhangelsk Governor Ilya Mikhalchuk agreed to establish a number of joint working groups.