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.
A northern community in Finland has not only gone off the grid – it’s never been on it. Why Kempele ecovillage could be the prototype neighbourhood for future northern green communities.
Exxon and Rosneft have found oil at the first well drilled, but the unanswered question is how to exploit it as sanctions halt Arctic offshore cooperation.
OULU: Scientists are now looking into the potential for electricity production wined from geothermal energy reservoirs in Svalbard. Further, they are considering the possibility of combining this with carbon dioxide capture and storage.
Another two giant fields in the Yamal Peninsula will be put in production by year 2020, Gazprom says.
The gas producer will build a second LNG plant in the Yamal Peninsula. Parts of the resources will be shipped out through the Northern Sea Route.
The international airport of Sabetta, an important part of Russia’s huge Yamal LNG project, is open for business.
As national economy slides towards the abyss, Russia grants 150 billion roubles from its National Wealth Fund to gas company Novatek’s Yamal LNG project.
The Sabetta port will become one of the biggest in the Russian Arctic. Located in the Yamal Peninsula, it will boost shipping in the icy waters of the Ob Bay and the Northern Sea Route.
The Novy Port will be ready for export of two million tons of oil in 2016.
Norwegian energy major StatoilHydro has started injections of carbon dioxide from the Melkoya LNG plant into geological formations in the Barents Sea
Norwegian energy major StatoilHydro did not find oil or gas in two appraisal wells at the Tornerose field in the Barents Sea.
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.