More from: Industry and Energy

Canadian firm acquires bankrupt Lapland gold mine

The Canadian gold exploration company Rupert Resources has acquired the bankrupt Pahtavaara gold mine in the Lapland municipality of Sodankylä.
March 31, 2016

First oil to Europe from Goliat

The first oil from Eni Norway’s Goliat platform in the Barents Sea is on its way to consumers in Europe.
March 30, 2016

Finnair denied route to Longyearbyen

All flights this summer cancelled, but renegotiation of aviation agreement with Norway might come.
March 30, 2016

Rosatom announces 700-million rubel upgrade of Kola 1 reactor

Lifetime of the oldest nuclear reactor will with the upgrade be prolonged to 60 years.
March 28, 2016

These are Russia’s top Arctic investments

The economy is in crisis, but the country still proceeds with plans for a string of ambitious Arctic projects.
March 22, 2016

Big Yamal deals coming up, says Novatek

The company is planning a «major deal» on financing of the Yamal LNG.
March 22, 2016

No need for Lavna oil terminal in Murmansk

According to newspaper Kommersant, some of the key projects of the Murmansk Transport Hub have not only been halted, but risk never to be realized at all.
March 18, 2016

Declining interest in use of Northern Sea Route

Interest from international ship operators in utilizing the Northern Sea Route has waned in recent years, according to a new report.
March 18, 2016

Government sells stake in Murmansk airport

The 38 percent share is acquired by company Novaport.
March 17, 2016

Norway announces new Arctic oil blocks

The licensing round includes 32 blocks in the Barents Sea and 24 in the Norwegian Sea.
March 17, 2016

Less oil from Prirazlomnoye

Russia’s only offshore oil production platform in the Arctic will produce 12 percent less than originally planned, operator Gazprom Neft says.
March 16, 2016

Reciprocity stops Russian airliner to Finnmark

Aviastar-TU is not allowed to operate cargo flights to Lakselv airport as long as Norwegian Air Shuttle is denied to overfly Russian territory.
March 16, 2016

Crisis-ridden government cuts money for icebreakers

The strained Russian economy does not allow for major investments in new icebreakers.
March 16, 2016

Sanctioned Russian bank is good investment for Norway’s Oil Fund

Value of Norway’s shares in Sberbank increased by NOK 750 million in 2015.
March 15, 2016

Barents oil production has started

Norway's Minister of Oil and Energy, Tord Lien, can smile as the world’s northernmost oil platform now pumps oil after years of delay.
March 13, 2016

Finnish mine gets Swedish owner

Metals company Boliden buys the Kevitsa nickel-copper-platinum mine in Finnish Lapland from First Quantum for $712 million.
March 11, 2016

Northern Lights disturb Arctic oil drillers

The precision of drilling instruments can be seriously affected by the Arctic light phenomenon, new research from the University of Tromsø reveals.
March 09, 2016

Environmentalists sue Eni in Arctic project

«It is fully out of control», head of Bellona Foundation Frederic Hauge says about the Goliat oil project in the Barents Sea.
March 08, 2016

Ice-breaking tanker for new oil field

The «Shturman Albanov» will autonomously be able to shuttle through the deep ice of the Ob Bay to Gazprom-Neft’s Novy Port field.
March 07, 2016

As Arctic ice retreats, trawlers move in, threaten pristine waters

«This far, but no further» Greenpeace says about the quick Arctic expansion of industrial fishing.
March 02, 2016

Russia’s new year starts with recession

After a 3,7 percent shrinking in 2015, the country’s economy started the new year with continued decline.
March 01, 2016

Novatek presents plans for new Arctic LNG

The gas company invites Japanese investors on board as it starts preparations for a second LNG plant in the Arctic.
February 29, 2016

Mining accident death toll rises to 36

The mining accident in Vorkuta in Russia’s Komi Republic has claimed 36 lives, including five rescue workers.
February 29, 2016

4 dead, 26 missing in mining accident in Komi Republic

Twenty six miners are still missing and four confirmed dead after explosions, rock collapse and fire hit a coal mine in Vorkuta in the Russian Arctic on Thursday.
February 26, 2016

New giant shipyard to build Russia’s Arctic tankers and rigs

Russia’s Zvezda shipyard in the Far East will be ready to produce supertankers and rigs for the Arctic in 2020, Nikolay Patrushev says.
February 25, 2016

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