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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.

An investment decision will be taken in the near future and the project launched before 2017, President Putin told Murmansk Governor Marina Kovtun.

The Goliat oil rig will be the world’s largest of its kind when it is finished. Recently the housing module was lifted on to the main rig. See time lapse video of the spectacular lift.

Now you can access information regarding fields, production licenses, companies, production and active exploration wells on the Norwegian shelf using an app on your smart phone.

Russian state oil company secures the licenses to another five major areas in the Barents Sea.

Royal Dutch Shell says it will pause its exploration drilling for 2013 off the coast of Alaska after last year’s drilling rig accidents. Environmentalists now call for a similar “time-out” from oil drillers in the Barents Sea.

The companies Technip and JGC are the winners of the tender on the construction of the Yamal LNG plant.

The Norwegian government’s readiness to drill in the formerly disputed waters in the Barents Sea opens not only a new petroleum province, but possibly also a new phase in relations with Russia.

The gas company is abandoning the Shtokman project and instead revives plans for a LNG plant on the Baltic Sea coast.

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

Lundin Petroluem and Rosneft agree to explore possibilities for cooperation in Norwegian Arctic waters.

This giant platform currently under construction in South Korea could be ready to pump the first Barents Sea oil already next fall.

Statoil has been forced to shut down production from its Melkøya LNG plant in northern Norway after a gas leak.

The oil company intends to turn a local shipyard outside Murmansk into its center for Arctic shipbuilding.