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Sanctions

The American oil major lost big money after cooperation with Rosneft in the Arctic, Black Sea and Western Siberia was wound down last year.

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

Prime Minister Alexander Stubb says Finland needs to stay close to the European Union but also maintain good ties with Russia as the Ukrainian crisis stretches on.

October was a record month for export of Norwegian seafood, in spite of the Russian ban on import. Export values so far this year stand at €6.5 billion.

Russia set to snap up reptilian delicacy from the Philippines as a way to mitigate food strain from Western produce bans.

Foreign Minister Børge Brende says Norway joins the restrictive measures against Russia introduced by EU earlier in September.

One of Russia’s largest fish processing companies, Murmansk Fish Combinat has had to shut down because of lack of raw materials due to the ban on import of fish from Norway. The company threatens to sue the Government if problems aren’t solved.

STAVANGER: Statoil brands “It’s possible” at ONS, but CEO Helge Lund says projects in Russia will take more time as export permits for equipment is a bureaucratic process.

The Prirazlomnaya platform is packed with Norwegian technology and is likely to soon feel the consequences of the western export ban on oil and gas equipment.

2014 will be a record year for king crab from Norway, especially when it comes to export of live crab, says Svein Ruud in Norway King Crab.

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