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 16 new tankers to be built for the Yamal LNG project will be able to break through 2,1 meters of ice and operate independently on the Northern Sea Route.
Statoil has completed its extensive 2013-2014 exploration program in the Barents Sea, with fewer commercial discoveries than the company had originally anticipated.
A northern community in Finland has not only gone off the grid – it’s never been on it. Why Kempele ecovillage could be the prototype neighbourhood for future northern green communities.
In a meeting with Novatek’s President Leonid Mikhelson last week, President Vladimir Putin promised to help the company’s giant Yamal LNG project, suffering under Western sanctions.
Norwegian state-owned coal mining company Store Norske on the Svalbard archipelago is in a serious situation because of low prices on coal. The company is now in dialogue with the State, employees and the bank to secure further operations in 2015.
Extreme climate, difficult ice conditions and lack of technical means to work year round forces the oil-major to ask for prolonged geological exploration period to 15 years.
Representatives from seven countries have gathered in Tromsø this week to create a new set of standards for sustainable standardized solutions for international petroleum activities in the Arctic.
MINOT / NORTH DAKOTA: This U.S. shale formation produces over a million barrels of oil per day at a break-even price offshore drillers in the Barents Sea never even can dream about.
