Industry and Energy
The field is located in the Kara Sea and believed to hold more than 200 billion cubic meters of natural gas.
The impact of the coronavirus crisis on travel and tourism has already brought many businesses in Finnish Lapland to the brink of bankruptcy.
A new phase in the construction of the terminal has now begun, says Russian state maritime authorities.
Commuter workers at remote oil and gas fields have brought infection to outposts in the vast Russian North. In the Yamal Peninsula, regional health authorities now close down the Sabetta airport, natural gas company Novatek's main lifeline to the Yamal LNG project.
Thousands are infected but the company still forges ahead with construction of the industrial plants and facilities that will play crucial roles in Russian Arctic development.
Dmitry Bosov intended to extract several hundred million tons of coal from the most vulnerable Arctic tundra lands and build a huge LNG terminal on the coast of the Barents Sea.
Shipments on the Russian Arctic shipping route increased by 4,5 percent in the first four months of the year.
Russia gives go-ahead for the first Lider-class icebreaker amid big uncertainties in global trade, shipping and potential for huge income from Arctic oil and gas.
Dramatic increase with hundreds of new cases confirmed over the last week in the district of Novatek’s construction site north of Murmansk where the numbers of workers infected by the coronavirus surpass 1,000 on Friday.
The only way to fix the faulty engine is to lift it out of the hull and replace it with a new one, a work that will cause another year of delay for Russia’s new prestigious nuclear-powered icebreaker.
“In severe ice conditions the ship could be squeezed by the ice,” says icebreaker captain Dmitry Lobusov, “It was necessary to get to work quickly.”
Amid world economic crisis, the Russian company continues construction of grand natural gas projects in the high north. Among them is a transshipment terminal near the border to Norway.
Siste/ mest lest
The British-Dutch oil company will not take part in the development of five oil fields on Russia's far northern tundra.
Natural gas company Novatek is making its new terminal in Gydan capable of handling more than 40 million tons of LNG per year.
10,4% is the highest unemployment rate since Second World War.
The world’s only vessel of the kind broke through thick Arctic ice on its way to the Utrenneye port.
Nine months after natural gas company Novatek moved all transshipment operations to Russian waters, a carrier fully loaded with LNG from Yamal is again sailing towards a reloading point in Arctic Norway.
Europe’s largest iron ore producer aims at replacing all diesel-powered mining machines with electric ones at the underground mines in Kiruna and Malmberget, northern Sweden.
The oil industry’s dream about a new oil province in the European Arctic seems to dissolve after years of unsuccessful test-drillings.
Russia’s natural gas company Gazprom says it intends to build pipelines from Yamal to Far Eastern Russian regions and China.
90% of Russia’s fisheries in European Arctic waters are done by 80 vessels bought or repaired abroad. For customs reasons, they can’t make port calls to Murmansk.
Coronavirus pandemic and oil price collapse have a dramatic impact on the risk-sensitive Norwegian currency.
Shippers of Arctic oil face serious consequences as Russian authorities mull ban on ship-to-ship reloading operations.
50 new 350 meters high windmills could come to Kitkiäisvaara on the Finnish side of the Torne River.
The world’s largest sovereign wealth found enjoyed a very good year on both the Russian stock and bond markets.
Gazprom Neft intends to build a more than hundred kilometers long natural gas pipeline from its Novy Port field in Yamal.
A total of 31,5 million tons of goods was shipped on the Northern Sea Route in 2019.
Talks are in process over possible flights to Korzunovo, the abandoned air field controlled by the Northern Fleet.
The double-track rail line from Olenegorsk to Murmansk is aimed at boosting Russia’s export via the port to the Barents Sea and will be ready by the end of 2022.
Coronavirus and a sharp dip in oil price are earth quaking the Norwegian economy. Thursday became all time single-day bad.
New field discoveries have been scarce, but the Norwegian Petroleum Directorate still believes that there is more than 3 billion standard cubic meters of oil equivalents hiding under the far northern sea bed.
The development of Vostok Oil is to include 100,000 new jobs, 15 new industry towns, 800 km of pipeline and total investments of more than €144 billion.
The world’s only civilian nuclear-powered cargo ship will later this year bring construction material to the coast of Antarctic aimed for Russia’s research station Vostok in inland Princess Elizabeth Land.
The port of Liinakhamari is the best suited site for a big container terminal on Russia’s Arctic coast, they argue.
A new tax regime for the Russian Arctic is to provide for an unprecedented wave of investments in icy drilling.
A 56 km long new power line has been built to Novatek’s major plant on the coast of the Kola Bay.
