The biggest shareholder in Heilo is Gas de France Suez (GdF Suez). Repsol and Rocksource are also partners in the project. The Chinese state company China Investment Corporation recently bought 30 percent of the oil and gas division in GdF Suez, thus bringing the Chinese state indirect access to the oil and gas activities in the Barents Sea.
- We have great confidence that we can find oil, but it is hard to say how much, so this is exciting, says CEO Erik Karlstrøm in North Energy to Fremover. The company has a 20 percent stake in the field, the same has Front Exploration. The two Northern Norwegian oil companies are going to cooperate on drilling at Heilo.
Exploration drilling will be conducted by the rig “Aker Barents”, and is expected to start in a short time. Drilling will continue for 50 days, after which “Aker Barents” will go in to the Zappfe prospect nearby the Goliat field.
The company is closing down its biggest mine in the Kola Peninsula following plummeting raw material prices. Consequences will be dramatic for Zapolyarny, the industrial town located along the border to Norway.
August 9th, the Barents Region celebrated the UN International Day of the World’s Indigenous Peoples. The day was commemorated in several parts of the region, including Karasjok in Northern Norway and Teriberka in Northwestern Russia.
“This sends a clear message to Russia that things aren’t so good when it comes to basic journalistic values in Norway either” The firing of BarentsObserver’s Editor Thomas Nilsen has led to massive reactions from journalists and other protectors of press freedom.