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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 oil company wants to build another Arctic oil terminal, similar to the one in Varandey, but might be stopped by Rosneft.

Rosneft President Igor Sechin wants all Russian oil and gas companies to buy offshore technology from only one construction plant, the Zvezda yard outside Vladivostok. 

Two new wind farms will make northern Norway the biggest wind power producer in the Arctic.

The Melkoya LNG plant (StatoilHydro.com)

Norwegian energy major StatoilHydro has started injections of carbon dioxide from the Melkoya LNG plant into geological formations in the Barents Sea

The "Polar Pioneer"

Norwegian energy major StatoilHydro did not find oil or gas in two appraisal wells at the “Tornerose” field in the Barents Sea.

Nicolas Sarkozy (Elysee.fr)

Head of Gazprom Aleksey Miller this week met with French President Nicolas Sarkozy in Paris. High on the agenda was the Shtokman field in the Barents Sea.

Kola NPP (Barentsphoto.com)

On June 27th, 1973, reactor No. 1 at the first nuclear power plant ever built north of the Arctic Circle was started. It was designed for a life-time of 30 years, but is still in operation.

Russian energy major Gazprom steps up investments in projects like the Shtokman field in the Barents Sea. In the company‘s revised investment program for 2008, investmests will amount to 821.66 billion RUB, which is up 111.53 billion from original plans.

The Baidarata Bay, Yamal

Russian energy major Gazprom has started the construction of the 72 km sub-sea part of the Bovanenkovo-Ukhta pipeline. The pipeline will link the gas-rich Bovanenkovo field at the Yamal Peninsula with the Russian pipeline grid.

Tanker "Arkhangelsk" (rosneft.ru)

Russian oil major Rosneft has got its first ice-protected tanker for operations in the Barents Sea. The 30,000 ton vessel named “Arkhangelsk” will ship oil from the Timan-Pechora province to Murmansk.

Russian energy giant Gazprom says it will downpay up to one third of its mounting debts by the end of the year. The company now has up to 1,5 trillion RUB (42 billion EUR) of debts.

Anatolii Ledovskikh (rosnedra.ru)

The Russian government is dissatisfied with the level of exploration drilling on the country’s Arctic shelf. Now, it proposes the establishment of a state company exclusively dedicated to drilling in the region.

Gazprom headquarters

Despite the international finance crisis, Russian energy major Gazprom in the third quarter of 2008 increased headquarter staff with 10,5 percent and lifted average managers’ salaries with five percent.