More from: Industry and Energy

Novatek preparing for its first offshore Arctic drilling

The jackup rig is on site, and the Russian natural gas company will drill as soon as ice melts in the Gulf of Ob next year.
November 15, 2017

Investors bring life to biggest wind project in northern Europe

The Markbygden ETT wind farm in Swedish Lapland takes a big step towards development as GE and Green Investment Group put €800 million on the table.
November 08, 2017

South Korea and Russia plan Murmansk hub

Container shipping between Petropavlovsk-Kamchatsky and Murmansk on agenda in Seoul.
November 07, 2017

The Murmansk wind park that collapsed

It was an innovative project which was to power several local villages with green energy. Two years after it opened, the strong Arctic winds have knocked down the turbines.
November 07, 2017

«Northerners’ dreams are dying,» says premier of Canada’s Northwest Territories as he issues «red alert»

Canada’s decision to halt offshore oil and gas exploration in the Arctic is akin to the re-emergence of colonialism, says the premier of Canada’s Northwest Territories (NWT) as he called for « an urgent national debate on the future of the Northwest Territories, » in a blistering news statement released on Wednesday.
November 06, 2017

Norwegian oil company expands in northern Russia

A subsidiary of Araca Energy wins another two licenses in the Komi Republic.
November 06, 2017

Professor says Goliat will likely never become profitable

The scandal-hit Barents Sea development could be the first oil field in Norway to cost the country money.
November 06, 2017

Despite warning from authorities, Eni kept on pumping Arctic oil with unsafe platform

It is high time that the company is deprived its operator responsibility, environmentalists say as Eni continues to push the limits in its scandal-ridden «Goliat» project.
November 03, 2017

Doubts remain about Norway's ability to earn money from Arctic oil

Parliament Member fears Norway never will make money from ENI’s scandal platform in the Barents Sea that now has been shut down for two months.
November 02, 2017

Advanced seismic vessel finds new home in Murmansk

It will significantly expand our capacity to map the Arctic shelf, leader of company Sevmorneftegeofizika says.
November 01, 2017

Big dig in Kola Bay as Novatek takes new steps in Arctic gas project

Company CEO and owner Leonid Mikhelson goes to China to sign landmark agreements with project investors. Meanwhile, excavators remove millions of tons of land mass from the shores of the Kola Bay preparing the ground for Russia’s next major Arctic project.
October 31, 2017

LKAB reports iron-strong earnings

Q3 profit was €186 million from the mining in northern Sweden.
October 27, 2017

Atomflot to get new storage vessel for spent nuclear fuel

Replacing «Imandra», the new ship will serve Russia’s new generation icebreakers and floating nuclear power plant.
October 27, 2017

Russian Aquaculture buys its second Norwegian company, aims for big catch along Barents Sea coast

The Murmansk salmon farmer says the Norwegians will help boost its annual production of red fish to 30,000 tons by year 2025.
October 25, 2017

Preparing the ground for Russia’s first floating nuclear power plant

Construction of infrastructure in remote Arctic town of Pevek is proceeding full steam as the moving to site of first ever floating NPP is less than two years away.
October 24, 2017

Novatek orders more Arctic tankers, announces plan to build new LNG terminal

It will facilitate our export of liquified natural gas from the Arctic, says company owner and CEO Leonid Mikhelson.
October 24, 2017

Murmansk governor: I am under big pressure from law enforcement agencies

«They are doing massive enquiries, inspections and other kind of intimidations», says Marina Kovtun.
October 23, 2017

Northern Swedish city gets Europe’s largest battery factory

Skellefteå gets thousands of new jobs and takes a leading position in the booming market for electric cars.
October 19, 2017

Trans-Arctic data cable up for discussion in Moscow

Telecommunication highway along the north coast of Siberia will link Finland with Asia via Kirkenes on Norway's Barents Sea coast.
October 17, 2017

Rosneft discovers more than 80 million tons of oil in new offshore Arctic well

The oil in the Tsentralno-Olginskaya-1 field is of high quality, light and low in sulphur, the company says.
October 16, 2017

Locomotives on world’s northernmost railway will run on LNG

The trains operating the line across the Yamal Peninsula will be fuelled by liquified natural gas.
October 13, 2017

Chinese oilmen returning home after drilling in Russian Arctic waters

Semisubmersible rig «Nanhai VIII» completes its operations in the Kara Sea and heads back to Chinese home port.
October 11, 2017

Ready for first shipments of Yamal LNG to market

The first part of the Arctic gas plant will be ready in November and two shipments are planned the same month.
October 11, 2017

Sweden may start fracking to make mines safer

Swedish mining group, LKAB, is testing hydraulic fracturing, or fracking, at two sites in northern Sweden.
October 09, 2017

Drilling dry, again

Statoil’s 5th well in the Barents Sea this year is another disappointment.
October 09, 2017

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