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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.

French petroleum major Total is seeking 20 to 25 percent of Novatek’s LNG project on the Yamal Peninsula in Russian Arctic.

Russian gas

EU Commissioner on Energy Affairs Günter Oettinger believes Russia eventually will provide up to 35 percent of the EU’s gas consumption.

Shtokman development

The environmental organisation WWF has sent a letter to the Russian Federal Environmental Control Service where it accuses the Shtokman Development AG of serious violations of environmental legislation.

Goliat Platform

After two years of standstill, oil and gas companies are ready to start exploration in the Barents Sea again. Nine exploration drilling projects are planned in the period 2010-2011.

The "Akademik Mstislav Keldysh" (Photo: Ocean.ru)

The maritime research vessel ”Akademik Mstislav Keldysh” has returned to Murmansk after a three month research expedition in the waters of the Shtokman field.

Rosneft in the Arctic

Russia’s biggest oil company Rosneft says that it expects to get a number of new offshore production licenses and that foreign companies might be invited in as partners.

Illustration: BarentsObserver

By year 2030, Gazprom intends to produce an annual 200 billion cubic meters of gas and 10 million tons of oil on the shelf, the company’s revised Shelf Development Programme states.

Illustration by Shtokman.ru

The three partners in the Shtokman project agree on technological solutions and time limits, but are not yet ready to present a final investment decision.

Rosneft in the Arctic

Russian state-owned oil company Rosneft will this year establish a new department on Arctic offshore development.

Russian offshore drilling (collage by BarentsObserver)

Russia will before the end of the year present a comprehensive package of tax breaks and other benefits for the companies operating on the Arctic shelf.

Varandei oil terminal

The special designed offshore ice resistant oil terminal exported only 3,91 million tons of crude oil in 2011, nearly half of the year before.

This is how the new rig will look like.

Statoil prepares for oil-boom in the Barents Sea by securing rig capacity.

Rosneft and ExxonMobil are setting up a joint venture for their grand projects in the Kara Sea.