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 intends to turn a local shipyard outside Murmansk into its center for Arctic shipbuilding.

Regional oil production picks pace and the local ports are ready for a boost in shipments.

The state oil company is considering to develop the Murmanskoye, a gas field located in waters near the Kola Peninsula.

Gazprom long negotiated with Novatek over an ownership stake in the Yamal LNG project. Now the company instead decides to buy a huge portion of gas from the plant.

Two years after Gazprom abandoned the Shtokman project, Murmansk again approaches Gazprom for a stronger energy cooperation.

The Norwegian state might ultimately have to take its part of the bill for major oil and gas infrastructure projects in the Barents Sea.

The Norwegian drilling company is taking over a share of Russia’s most polluting industry as part of its new comprehensive deal with oil major Rosneft.

MINOT / NORTH DAKOTA: This U.S. shale formation produces over a million barrels of oil per day at a break-even price offshore drillers in the Barents Sea never even can dream about.

The “Saturn” lost one of its lifeboats and got its helipad destroyed in last week’s Arctic storm, pictures of the rig show.

”Norway should abstain from drilling in the areas immediately adjacent to the Russian border”, says Arctic oil expert Johan Petter Barlindhaug.

Is the sunset coming for Arctic oil? There will be no drilling by Statoil in the Barents Sea in 2015.

The American oil major lost big money after cooperation with Rosneft in the Arctic, Black Sea and Western Siberia was wound down last year.

”This will generate value for the Norwegian people for decades,” says Minister of Petroleum and Energy Tord Lien with the thumb up for Arctic drilling as the Goliat platform arrives Hammerfest.