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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.

Russia’s oil production rose 2,2 percent in 2010 to 505,193 million tones.

Arctic oil shipping (Photo: Jonas Karlsbakk)

Gas giant Gazprom wants to engage the Danish-based Moller-Maersk Group in Arctic energy projects.

Map: Statoil/BarentsObserver

The new major oil field discovered in the Barents Sea could be in production already in 2018, board leader of the Petro Arctic association believes.

Photo: sevmash.ru

The cooperation agreement between the Shtokman Development AG and the United Shipbuilding Association will secure the role of Russian industry in the project, the parts say.

Photo: Gazprom.ru

As the announced deadline for the final investment decision is approaching, the leaders of three Shtokman partners Gazprom, Total and Statoil meet in Moscow.

LNG tanker in the Arctic (photo: sovcomflot.ru)

Novatek plans to order ten LNG tankers for its great Arctic project.

Russia’s largest shipping company Sovcomflot wants to establish a seismic survey company of international standards through acquiring the country’s leading seismic company Sevmorneftegeofizika.

Gazprom Neft platform Prirazlomnoye

All natural gas from the huge field in the Barents Sea can be liquefied according to Deputy Chief Executive Aleksandr Medvedev.

Statoil launches an exploration plan for its Skrugard field with four new prospects. Drilling will start later this year.

The Swedish company Lundin has entered the search for oil and gas in the Barents Sea. The company opens an office in Harstad to get a foothold in the High North.

Statoil continues to struggle with its Snøhvit gas plant. Water ingression causes ice formation in the cooling circuit.

The company, which has got carte blanch on Russia’s Arctic shelf, is a bad polluter in the country’s main oil producing region.

Engineering major Kværner will be a key player in the development of Rosneft and ExxonMobil’s grand projects in the Kara Sea.