More from: Industry and Energy

Russian shipping major Sovcomflot invests $340 million in three new tankers for the Novy Port project.
December 23, 2015
Russia’s new Arctic super-port must get a railway connection, President Putin underlines.
December 22, 2015
Rosneft’s and Lukoil’s dispute over the oil resources of the Laptev Sea shows that the Russian oil industry remains hungry for additional Arctic licenses.
December 21, 2015
Oil currencies tumble to a record low. For the first time since 1992, the Swedish krone is now stronger than the Norwegian. One US dollar is sold for 71 rubles.
December 18, 2015
Austrian oil driller OMV starts New Year with drilling north in the Barents Sea.
December 17, 2015
Moscow has given thumbs up for a new 1085 km long highway connection between the regional capitals of Syktyvkar and Naryan-Mar, Komi Governor Sergey Gaplikov says.
December 16, 2015
As part of a major staff reduction plan, the Norwegian state company offers all its people exit deals.
December 15, 2015
The new owner of the Murmansk Fish Port intends to modernize fish processing and give access to oil and coal companies.
December 15, 2015
Arkhangelsk intends to become a new major logistics hub in the Arctic.
December 10, 2015
The Afrikanda deposit is one of the most perspective in the country, Murmansk regional authorities say.
December 09, 2015
Four Russian-owned companies bid for the Arctic licenses offered as part of Norway’s 23rd License Round.
December 09, 2015
The 300,000 ton tanker ”Umba” will serve Gazprom Neft’s Prirazlomnoye and Novoportovkoye fields.
December 09, 2015
The state company buys 100 percent of Pechora LNG, the projected gas plant on the Russian Arctic coast.
December 08, 2015
As Norway invites its oil industry into new Barents Sea waters, it steps up talks with Russia over a cross-border exploration deal.
December 08, 2015
A total of 26 companies sign up for 57 license blocks in Norwegian Arctic waters.
December 04, 2015
The Port of Murmansk has one of its weakest years in the whole post-Soviet period.
December 01, 2015
The ”Sevmorput” completes test sailing in the Barents Sea.
December 01, 2015
Since the start of production two years ago, Russia’s only oil drilling rig in the Arctic, Prirazlomnaya, has produced one million tons of oil.
November 30, 2015
The great peninsula stretching into the Arctic from Russia’s Western Siberia is declared priority zone of development.
November 27, 2015
With Lukoil on board as partner, the Swedish company spuds easternmost well ever in Norwegian waters.
November 26, 2015
Norway’s oil major returns to Arctic waters at the earliest in 2017.
November 24, 2015
Suffering weak prices and a global oversupply, the world's top aluminium producer Rusal plans to decide in mid-December which smelters to suspend. 1000 workers in Kandalaksha on the Kola peninsula could lose their jobs.
November 24, 2015
Has served as Floating Storage and Offloading vessel for Arctic oil for more than a decade.
November 23, 2015
Regional Committee believes a disposal site far away from populated areas is best option for Northwest-Russia.
November 20, 2015
A Moscow court decides that Lukoil has the legitimate right to develop the East-Taimyr field.
November 19, 2015