More from: Industry and Energy

By 2035 Russia will have produced 31-35 million tons of oil on the Arctic shelf, Deputy Minister of Energy Kirill Molodtsov says. This is less than earlier estimates. – A logical reduction, experts say.

Europe’s biggest iron ore producer faces major cost cuts and possible staff reduction as 2015 accounts show a loss of €750 million.

Fearing terrorist attacks from organizations like Daesh (Islamic State), Governor of Yamalo-Nenets Autonomous District Dmitry Kobylkin has ordered strengthened control at Sabetta port and airport.

Russia’s Gazprom increased oil production at its Prirazlomnaya platform 2.5 times last year.

Russia’s Rosneft plans to start exploration of three blocks in the waters between Novaya Zemlya and Franz Josef Land.

Kola Nuclear Power Plant’s reactor no 3 is licensed to work for another ten years, pushing the lifespan of the 35 years old reactor until 2026.

€1 billion could be invested in unique plant that will produce 200,000 tons of biofuel made of Lapland forest.

Crude oil price took another nosedive this week, but no worry according to Director Kjell Giæver with Petro Arctic. Today, he presented Petro Foresight 2016, a study that sees a sharp increase in petroleum activities in the Barents- and Norwegian Seas.

Reactor No. 4 automatically disconnected from the grid Tuesday morning.

Bribery might have inflicted major losses on us, the Russian company says as it sues its former Norwegian partner.

The reconstruction of a processing plant in the Kola Peninsula will boost company output capacity by up to 20 percent.