More from: Industry and Energy

Oil-hungry Norway expands Arctic exploration

Another 53 Barents Sea blocks are proposed as new drilling acreage. Environmentalists cry halt
December 13, 2016

In Yamal, a looming dispute between Novatek and Gazprom

Novatek-owner Leonid Mikhelson is asking President Putin for permission to acquire four licenses owned by Gazprom.
December 12, 2016

Murmansk gas field will not be developed, government decides

Regional authorities long wanted the Murmanskoye field in the Barents Sea to supply natural gas to households and industry in the Kola Peninsula. That will not happen.
December 12, 2016

Lofoten sees better future without oil

All the municipalities in the region go against disputed drilling in nearby waters. But the fight is not over, the oil industry says.
December 10, 2016

Chinese investors move ahead in Finnish Lapland, will build €1 billion biofuel refinery

The Kaidi Group has acquired a 32 hectare plot in Kemi for the project.
December 08, 2016

Murmansk awaits Rosneft’s investments

It is not clear when the oil company will start construction of its projected new base in Roslyakovo.
December 07, 2016

Trans-Arctic fiber cable can make Kirkenes to high-tech hub

Finland’s former President Paavo Lipponen presents plans for a telecommunication highway between Europe and Asia via Kirkenes and the Northern Sea Route.
December 04, 2016

Lukoil changes Arkhangelsk diamonds for cash

The oil company’s disputed engagement in diamond mining comes to an end.
December 02, 2016

Japanese, French credits for Yamal LNG

Both countries want to raise their stakes in the Russian Arctic gas project.
December 02, 2016

First 3 million tons of oil from Prirazlomnaya

Three years after it started production, Russia’s one and only offshore oil platform in the Arctic reaches 3 million tons limit.
December 01, 2016

Rosneft explores more Arctic waters

The state company in 2016 over-fulfilled its seismic mapping program by 2,5 times.
November 30, 2016

Russia’s first offshore wind park comes to White Sea

Thanks to Chinese investors.
November 30, 2016

EU ramps up energy efficiency target, but still room for Norwegian gas

Brussels releases energy strategy, boosting efficiency target to meet its Paris climate commitments.
November 30, 2016

Norway’s oil minister says he will dare to share with Russia

The two countries are ready to exchange geological data and restart discussions on joint development of cross-border fields.
November 29, 2016

Political contacts reactivating

During his short visit to Oslo, Russian Natural Resource Minister Sergey Donskoy visited three ministries and the country’s national oil company Statoil.
November 29, 2016

Lukoil mulls expansion in Barents Sea

But the company might still decide to exit one of its Norwegian licenses in the area.
November 28, 2016

Rosneft seals deal over oil terminal in Murmansk

The company intends to turn the Lavna terminal into a hub for Arctic shipments.
November 25, 2016

LKAB confirms shipment to Murmansk

The Swedish mining company says one of its subsidiaries is behind the deal.
November 25, 2016

First emergency shutdown of reactor type to be built in Finland

Russia’s first operational AES-2006 giga-reactor had a generator failure less three months after it was connected to the grid.
November 25, 2016

Prospecting for gold in Finnish Lapland

Finland, the European Union’s leading producer of gold, is attracting mining companies from around the world.
November 24, 2016

Brighter future ahead for Norwegian companies in Murmansk

There are still many wait-and-see investor, but Innovation Norway’s Morten Brugård and Consul General Ole Andreas Lindman eye new opportunities.
November 24, 2016

This is Russia’s new Arctic helicopter

It is able to operate in minus 40 degrees Celsius and fly up to 1,300 km without refueling.
November 22, 2016

Lukoil, Rosneft eye opening of new Arctic oil region

The pristine lands of the Taymyr Peninsula are subject to growing interest from Russia’s two biggest oil companies.
November 22, 2016

Cod is cash

This is Norway's new 200-krone note.
November 22, 2016

Swedes discover new Barents oil and gas

Norwegian oil association is happy, while Greenpeace in Stockholm warns Lundin’s shareholders.
November 22, 2016

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