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.
KIRKENES. Oil exploration in the formerly disputed waters of the Barents Sea should not be affected by the deteriorating East-West relations, Norwegian Foreign Minister Børge Brende says.
Russia’s largest company and the largest extractor of natural gas in the world is facing hard times as supplies to Ukraine are suspended and oil prices are collapsing.
A public hearing on the development of one of the most perspective oil and gas areas in the Barents Sea takes place in Pechenga, the Russian municipality bordering on Norway and Finland.
TROMSØ: To drill or not to drill, that’s the Arctic Frontiers question of the year. Investor Jens-Ulltveit-Moe warns Troms and Finnmark against state investments in White Elephants.
