Industry and Energy
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.
Siste/ mest lest
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.
A third ship for northern waters might be built by the Vyborg Yard outside St.Petersburg.
Vostok Coal is giving up its great Arctic project. The buyer of the vast coal reserves of the Taymyr Peninsula might be state nuclear power company Rosatom.
Russian oil and gas regulators are liberalizing procedures for oil extraction along the country’s remote northern coasts.
Gazprom intends to produce millions of tons of plastics in the Arctic.
Sailing under the ice north of Siberia is cheaper than crushing through, a concept study concludes.
Natural gas company Novatek might not get the state support it needs for new major infrastructure projects in the Arctic.
Protests from the indigenous Sami people, local fishermen and environmental groups were turned down by the government.
A total of 15 top ice-class carriers are now shuttling to the remote Arctic terminal in the Yamal Peninsula.
The new special purpose vessel will serve the new icebreakers and the floating nuclear power plants and possible other reactor installations
Norwegian oilmen had great hopes for the new and pristine acreage in the Barents Sea, but failed to make discoveries. Russia’s national oil company Rosneft might now seek to take over some of Equinor’s role in the area.
Five individuals are arrested as U.S authorities crack down on the planned shipment of a new turbine to offshore Arctic platform Prirazlomnaya.
Utilization of stripping gases generated during storage and reloading of LNG will not be practical for gasification of the Murmansk region, according to a new report.
Russia's remote Yamal region might in the course of the next 3 years see its oil and gas production grow with more than a third.
This Arctic beauty spot will remain exactly that; a beauty spot.
State experts approve VostokCoal’s plans to export millions of tons of black rocks from the Taymyr Peninsula, but the grand project might not materialize.
After the floating dock SD-50 sank at Roslyakovo yard north of Murmansk last fall “Sevmorput” now had to sail all around Scandinavia to St. Petersburg to find a dock large enough.
It must be able to carry at least 100,000 tons and sail across the icy waters of the Northern Sea Route, says deputy head of the Russian state nuclear power company.
At 11 am Moscow Times on December 19th, the “Akademik Lomonosov” delivered its first electricity to the grid in Pevek, Arctic Russia.
With new transport technology, salmon sent by rail from northern Norway will still be fresh when arriving in Xi’an about ten days later.
Offshore oil, liquified natural gas and the petrochemical industry will soon benefit from big tax cuts in new Arctic projects.
