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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.

The Russian oil industry is eager to send its Arctic oil to Norwegian reloading facilities, a terminal provider in Kirkenes says.

As oil major CNPC grabs a 20 percent stake in the Yamal LNG project, a series of Chinese banks are ready to provide the necessary financing.

The petroleum industry rejoices over the discovery of two new major oil fields in the Barents Sea. A series of field centers are now in the making in Norwegian Arctic waters.

Thousands of households lost their cooking heat and the eternal gas fire in front of the famous Alyesha war memorial silently died out as Murmansk Oblast experienced one of its most serious disruptions of gas supplies ever.

The Russian oil giant is ready to take over the Roslyakovo shipyard in Murmansk, a key asset of the powerful Northern Fleet.

The Norwegian Ministry of Energy invites oil companies to nominate desired blocks in formerly disputed Barents Sea waters.

Russian state oil company Rosneft calls back applications for eight licenses in the Barents Sea because of disagreements with Gazprom.

Oil from the Trebs and Titov fields will give a significant increase in the volumes of hydrocarbons shipped out through Russian Arctic waters.

The state-owned oil major is on its way to becoming the third company allowed to acquire Russian offshore licenses.

The state-owned oil company might take over control of the Zvezda yard in the Russian Far East, as well as the Roslyakovo yard outside Murmansk, as part of a government bid to boost Russian offshore capacities.

BARENTS SEA: Delimitation agreement with Norway was part of a broader Russian strategy to secure stability in the Arctic, argues researcher Arild Moe as the Nansen Expedition sails through the waters in question.

The criminal case in the Kolskaya jack-up rig disaster in December 2011 is still not over. New evidence suggests that the management foresaw a possible accident.

Gazprom is ready to start drilling the first well on the Prirazlomnoye field in the Pechora Sea by the end of October 2013.