More from: Industry and Energy

In November, the Norwegian oil giant announced big ambitions to become a net-zero energy company. Now, it acquires a stake in oil-fields with higher carbon footprints than average in the portfolio. A risky investment, says an expert.
December 14, 2020
The new field in the Kara Sea holds an estimated 800 billion cubic meters of natural gas and is named after Soviet war hero Marshal Zhukov
December 09, 2020
The two companies are jointly to develop license areas in Russia's far northern Gydan Peninsula.
December 04, 2020
After a year with several smog incidents damaging the nature surrounding the factories, the company now launches several projects aimed at making the skies blue.
December 03, 2020
Russia's powerful petroleum industry feels a mounting pressure from alternative energy sources, and strong voices now say the country's vast natural gas resources in the Arctic should be used in petrochemical production.
December 02, 2020
The state company is due to buy out partner Neftegazholding from the huge Vostok Oil
December 02, 2020
About 100 drilling rigs will be erected on the Taymyr tundra and a 770 km long oil pipeline will bring vast volumes to a new major terminal on the coast of the Kara Sea. Launch is less than 4 years away, and everything is proceeding according to plans, Sechin tells the President.
November 26, 2020
The trading company buys a 10 percent stake in Vostok Oil, the Russian project that in five years is to deliver 30 million tons of oil from the most desolate Arctic coast.
November 18, 2020
The regional leader underlines that construction continues. But key investors are fleeing the Murmansk Transport Hub and Lavna coal terminal.
November 17, 2020
The Leningradskoye field in the Kara Sea has a commercial gas inflow of over 1 million cubic meters per day, the company says.
November 11, 2020
Work is stopped on the 46 km railway line to Lavna on the west side of the Kola Bay.
November 11, 2020
Smelting will stop on December 25 at the plant in Nikel near Russia's border to Norway.
November 11, 2020
Environmental organization Save Pechora Committee suspects that local authorities deliberately withheld information about last month's spill in the Kolva river.
November 10, 2020
Figures for the first 10 months of 2020 show that Arctic shipping continues to increase despite the coronavirus and world economic downturn.
November 10, 2020
Never before has a well been drilled in these waters, says Rosneft as exploration vessel "Bavenit" moves into the northern Kara Sea.
November 02, 2020
Norwegian legislators in 2013 officially opened up for drilling in waters adjacent to the country's maritime border to Russia. They did not know about the government report that concluded drilling in the area was most probably unprofitable.
October 27, 2020
A major drop in oil revenues has made the Nenets Autonomous Okrug address Moscow for help.
October 19, 2020
The Swedish government provides additional funding to Esrange Space Center near Kiruna with the aim to launch small satellites into orbit by 2022.
October 15, 2020
About 90 billion rubles (€999 million) is to be invested in the modernization of the company's processing industry in Monchegorsk.
October 12, 2020
Gazprom says the new discovery makes the commercial value of the Leningradskoye field much higher than before.
October 12, 2020
It was once Russia's leading shipper in Arctic ice. This week, the company was declared bankrupt.
October 08, 2020
The Swedish company moves against the tide as it boosts its license portfolio in the north Norwegian waters.
October 06, 2020
Nornickel’s pollution cloud covering the fragile taiga forest on the Kola Peninsula comes only a few days after CEO Vladimir Potanin said a company that pays high dividends to shareholders must be able to spend serious funds on ensuring sustainable development.
October 04, 2020
Europe’s northernmost plant for making liquid natural gas, on Norway's coast to the Barents Sea, is shut down and evacuated as local firefighters try to extinguish the fire.
September 28, 2020
A drillship is on its way towards the northern parts of the Kara Sea.
September 28, 2020