More from: Industry and Energy

Arctic’s biggest investor increased personal wealth with $6 billion last year, is now Russia’s richest

CEO of Russian private natural gas producer Novatek, Leonid Mikhelson, has a net worth estimated at $24 billion by Forbes.

March 06, 2019

Nuclear container ship «Sevmorput» sets course for new Arctic gas field

The world’s only ship of its kind will deliver thousands of tons of construction materials to the Arctic LNG 2 project in peninsula Gydan.

March 06, 2019

Frenchmen sign landmark deal with Novatek, boost presence in Russian Arctic

Company Total acquires 10 percent of the Arctic LNG 2 project and gains exclusive rights over future developments in Russia’s most prosperous natural gas region.

March 05, 2019

State oil company might redirect millions of tons to Arctic coast

Rosneft mulls building of a 600 km long pipeline from its Vankor oil fields to the Kara Sea.

February 28, 2019

Stricter mining regulations and oversight needed in the Arctic, Finnish report says

A new report has called for closer and broader regulation of mining activity in the Arctic region. The authors of the report said that there has hitherto been surprisingly little research on the environmental risks associated with mining in the Arctic as well as measures that could mitigate those risks.

February 25, 2019

With tailings to be dumped at sea, copper mine gets approval

Sami interests and environmental groups will appeal the Norwegian Government’s decision on Thursday to grant permission for controversial mine waste dumping in Repparfjord on the coast to the Barents Sea.

February 14, 2019

18 million tons of coal seek a way out of Murmansk

New investors join efforts in the projected Lavna coal terminal.

February 14, 2019

Equinor’s much-expected Barents super well is dry

The Norwegian company found no oil in the well located few kilometers from the border to Russia.

February 12, 2019

Arctic railway not commercially viable, report says

Finnish-Norwegian working group says cargo volumes are too small to justify building a railway from Rovaniemi to Kirkenes.

February 11, 2019

Deputy Premier steps up support for Novatek’s Arctic shipments

The company must be allowed to continue LNG shipping with foreign-built tankers, Yuri Trutnev says.

February 08, 2019

Nornickel promises halt in death clouds

Sulphur dioxid gas still lies thick over over the nickel plants located along the border to Norway. But there are now major emission cuts in the making, the company says.

February 07, 2019

Russia launches call for tender for floating LNG power plant

Could enable direct electricity supply to remote Arctic regions at lower cost than a shore based gas power plant.

February 06, 2019

With support to Rail Baltica, Finland takes a step closer to Arctic link

Finnish Government includes Rail Baltica project in infrastructure plan as it invites private investors to participate future development.

February 02, 2019

Ice-class condensate tanker arrives in Murmansk, ends historical voyage through Arctic route

The «Boris Sokolov» sailed from China and all along the Northern Sea Route in mid-winter.

January 25, 2019

Explosive growth in Russia’s Arctic seaports

Goods volumes in Sabetta increased by more than 130 percent and Murmansk had its best year ever.

January 25, 2019

Two brand new icebreakers now escort oil tankers through Gulf of Ob

The vessels are crucial for our expanding Arctic oil production, says Gazprom Neft.

January 24, 2019

Natural gas terminal in Murmansk could get French operator

Company Total reportedly wants to operate the LNG terminal planned built near Vidyaevo on coast of Barents Sea.

January 24, 2019

Equinor halts drilling after incident in Barents Sea

A package on a blowout preventer was unintentionally disconnected and work therefore had to be halted, Norway’s petroleum watchdog agency reports.

January 22, 2019

Ministry hints Putin’s Arctic ambitions are not realistic

There is unease in several Russian government ministries as officials start to understand that the President’s objectives for the Northern Sea Route can not be reached. The only way to please the president might be to expand the sea route itself.

January 18, 2019

Natural gas tankers jam on Norwegian Arctic coast

A total of 14 powerful LNG carriers this Wednesday crowded at loading and reloading facilities in northern Norway.

January 17, 2019

As Norway marks 50 years with oil, it awards biggest ever number of new blocks

«It is time for reflections about what we have achieved in these years, the country’s oil minister said as he announced the record number of 83 new licenses.

January 16, 2019