More from: Industry and Energy

BP makes return to Russian Arctic

A new deal with Rosneft includes joint development of fields located in the Taymyr Peninsula.

November 07, 2016

In Russian Arctic, more trade

While the rest of the country’s foreign trade continues to decline, north Russian regions in the first half of 2016 recorded growth in their commerce with the abroad.

November 05, 2016

First signs of Russian economic growth

After almost two years of recession, the Russian economy makes it into the plus.

November 04, 2016

Preparing the ground for second LNG plant in Yamal

Dredging operations in the Gulf of Ob are underway as project Arctic LNG-2 takes new steps forward.

November 02, 2016

Swedish oilmen stronger than ever, move rigs towards Barents Sea

Oil company Lundin next year plans to drill at least four operated exploration and appraisal wells in the Barents Sea.

November 02, 2016

Ships head to Sabetta, also in wintertime

The new Russian Arctic port remains open for shipping all through the year, leader of the regional customs office says.

November 01, 2016

Nickel production hikes in Kola Peninsula

Up almost 30 percent last three months

November 01, 2016

Exports from Finland to Russia show first rise in nearly three years

Finland’s exports to Russia in August grew for the first time since December 2013, according to figures from Finnish Customs.

October 31, 2016

LKAB boosts output, halts deficit

The Swedish iron ore producer turns a major loss into profits as cost cutting measures take effect and delivery volumes increase.

October 31, 2016

Mining company builds new railway in Kola Peninsula

It will connect the rich phosphorous resources of the Oleny Ruchey project.

October 31, 2016

Gazprom puts Yamal expansion on hold

Full-scale production in Bovenenkovo will come late 2018 and the nearby Kharasavey might be developed only in 2024.

October 28, 2016

Russia’s first BRICS project comes to Karelia

An 8.15 billion ruble investment from the New Development Bank opens for the construction of two new hydropower stations in the Northwest Russian region.

October 27, 2016

Security interests spice up Barents fishery talks

Cod still brings Norwegians and Russians together around the table. But in the background looms the far more active role of the Russian military.

October 24, 2016

17,5 million cubic meters of ground removed from Gulf of Ob

It equals the size of more than 17 Empire State Buildings.

October 21, 2016

New mega-port in Arkhangelsk with Chinese investments

Deep-water port will link Komi Republic and the Urals with world markets.

October 21, 2016

These two Norwegian-built vessels are ready for transit on Northern Sea Route

They will depart in November and sail without escort from Russian icebreakers, the Norwegian yard says.

October 21, 2016

«Russia has joint strategic interests with Norway»

The discovery of huge and unique fields in the two countries’ border areas is very likely, says Russia’s Minister of Natural Resources Sergey Donskoy.

October 21, 2016

Grand railway deal for Yamal

The new 707 km long Northern Latitudinal Passage will connect Russia's Ural and West Siberian region with the Northern Sea Route.

October 20, 2016

Mining company LKAB won’t pay for earthquake damage to homes in Arctic Sweden

People living in the arctic towns of Kiruna and Malmberget say their homes have been damaged by earthquakes caused by nearby mining, but the company has not paid compensation to any claimants in the last five years.

October 20, 2016

Northern Swedish winds to power Google

Investment company Aquila Capital buys the Lehtirova wind power project in northern Sweden. Production from the 41 wind generators will be delivered to Google.

October 19, 2016