Languages

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.

Photo: Statoil.com

New estimates indicate that Norway’s gas production might reach its peak already in ten years, much earlier than previously believed.

The construction of new gas pipelines in northern and Northwest Russia is currently a top priority for Gazprom, company leaders underlined in a meeting on Tuesday. However, they did not even mention the planned Shtokman pipeline from Murmansk to Volkhov.

The Polar Pioneer (statoil.com)

2011 will be all-time-high for test-drilling in the Norwegian part of the Barents Sea.

The Yamal

The developers of Yamal fields will get zero-tax on gas exports, the federal government decided.

Russian gas

Russia is likely to open a permanent exchange market for natural gas, with annual trading of up to 17,5 billion cubic meters.

THe naval yards in Severodvinsk.

Norwegian engineering major Aker Solutions intends to build underwater units for the Shtokman project together with Russian shipyard Zvezdochka.

Offshore drilling

The Norwegian government has decided to put on halt the exploration of the Lofoten area, but instead heightens its focus on the petroleum resources in the Barents Sea.

Blaiken windmill farm in Västerbotten will be one of the biggest onshore in Europe.

The Harrier Explorer (photo: Seabird Exploration)

A seismic vessel has started the mapping of the formerly disputed waters between Norway and Russia.

Offshore drilling (photo: statoil.com)

Statoil sells assets in the North Sea and places the money in Arctic projects.

Results from first seismic survey in earlier disputed part of the Barents Sea is promising. Geologist and Director General Bente Nyland of the Norwegian Petroleum Directorate likes what she sees.

Photo: Lukoil.ru

Lukoil invests 600 million RUB (€15,5 million) in the construction of new gasoline stations in Arkhangelsk Oblast.

Russia’s biggest privately owned oil company is considering a partnership with Rosneft in the Barents Sea.