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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.

The Polar Pioneer (statoilhydro.com)

Amid major expectations for a new significant oil and gas discovery in the Barents Sea, the Eni company confirms that the recently drilled Kobbe well in the area is dry.

Shtokman is going according to plan, say Statoil and Gazprom. Ill.: Shtokman Development.

Shtokman partners Statoil and Gazprom are pleased with preparations for the first development phase of the huge gas field in the Barents Sea.

Oil company Det norske

The well is one of the northernmost drilling operations in the Norwegian part of the Barents Sea.

SDAG deputy Molodtsov with Rector Kudryasheva (photo: Narfu.ru)

The Shtokman project is comparable with the conquering of cosmos, deputy leader of the Shtokman Development AG says.

The LNG-tanker Arctic Voyager outside Hammerfest in northern Norway.

Sovcomflot has estimated the price-tag for the LNG-tankers needed. At the SevTEK exhibition in Murmansk this week, both the Governor and a Shtokman Development official said the construction of the onshore facilities in Teriberka will start in May next year.

Shipping from the Yamal LNG plant (illustration by Novatek)

Russia´s second biggest gas producer from 2016 intends to ship huge volumes of LNG to the world markets from its Arctic fields in the Yamal Peninsula.

Jan Helge Skogen, President of Statoil Russia

OSLO: The Norwegian oil major is eager to join the development of huge offshore fields in Russia´s Arctic. But first it wants tax breaks from Moscow.

The talks are progressing “extremely slowly”, a representative of the Shtokman Development AG admits.

The two biggest oil companies in Russia formalize talks over drilling in the Barents Sea.

The Russian gas giant and licenseholder of the Shtokman field does not want the establishment of a free economic port zone in Murmansk.

The Norwegian Minister of Petroleum and Energy is ready to take drilling rigs towards the North Pole. On his way, he is likely to meet angry fishermen and environmentalists.

Neither Norwegian, nor Russian, experts voice much concern about Statoil’s exit from the Shtokman project.

The troubled oil platform “Scarabeo 8” heeled while drilling for Eni at the Salina field in the Norwegian sector of the Barents Sea Tuesday afternoon. Situation is now under control, the company informs.