More from: Industry and Energy

Business tycoon Maksim Vorobyov and his Russian Aquaculture acquires Villa Smolt AS, a Norwegian company with license to produce an annual 5 million young salmon and trout fish.
July 07, 2017
The Kayak well in the Barents Sea is believed to hold up to 50 million barrels. The discovery can possibly be connected to the development of the nearby Johan Castberg field.
July 03, 2017
And it will happen in the course of the next ten years.
June 30, 2017
The Johan Castberg will come on stream in year 2022 and prepare the way for the development of more northern fields, a new company report reads.
June 27, 2017
The semi-submersible «Nanhai VIII» will soon head to the Leningradskoye field off the coast of Yamal on a drilling mission for Gazprom Neft.
June 26, 2017
«This will truly be a unique oil field», Rosneft leader Igor Sechin says as he gives the president a core sample from the ongoing Arctic drilling operation.
June 22, 2017
The Italian power generator wins a Russian government tender on the construction of a 201 MW capacity park in the Russian Arctic region.
June 22, 2017
New exploration acreage is vital for our jobs and economy, the country’s oil minister highlights as he invites the oil industry into the most pristine part of the Norwegian shelf.
June 21, 2017
Prime Minister Medvedev gives thumbs up for gas company Novatek’s grand plans off the coast of Murmansk.
June 19, 2017
Drilling in the Gulf of Khatanga by the Laptev Sea indicates significant resources, the state oil company says.
June 19, 2017
Bulldozers and excavators are shipped from Yamal to Murmansk where the gas company is getting ready for its next mega-project.
June 15, 2017
Finland wants digital highway to Asia via Arctic waters.
June 15, 2017
Gazprom Neft starts testing of two wind power generators and 30 solar panels at its new Novy Port field.
June 12, 2017
A joint Russian-Saudi investment fund is in the making. Novatek’s projected Arctic LNG could be the first to get funding.
June 12, 2017
Profits are mounting, but Russia’s biggest producer of phosphate-based fertilizers still decides to move the registration of its key asset away from the Murmansk region.
June 09, 2017
Unclear what will happen at the former busy facilities of Reinertsen Northwest Russia.
June 09, 2017
They should be developed in cooperation with the French, Chinese and other foreign partners, the President said at the name ceremony of Russia’s first ice-class LNG carrier «Christophe de Margerie».
June 05, 2017
The building of the Kola Yard is «extremely important» for the development of LNG projects in the Arctic, the gas company says.
June 02, 2017
A Russian court demands more than 9 million of euros for the release of «Remøy». But the sum could have been far higher.
May 26, 2017
More than 9 thousand tons of equipment is shipped to Sabetta as the company gets ready for well drilling in its Tambey fields and the Kruzenshternskoye license.
May 26, 2017
The company is seeking a 5.86 billion rubles (€92.4 million) loan.
May 24, 2017
As Norway’s oil industry moves further north, further east, the Russian state oil giant confirms its continued interest in the Barents Sea.
May 23, 2017
The Finnish Radiation and Nuclear Safety Authority STUK will not deliver a safety assessment and related building permit for the Fennovoima nuclear project slated for Pyhäjoki in northwest Finland this year. According to the daily Kaleva, the nuclear watchdog has said that the evaluation and permit will be delayed by one year to the end of 2018.
May 19, 2017
The joint venture between Eni and Rosneft in the Barents Sea remains intact, the company leaders underline.
May 18, 2017
A year and a half into Alaska’s recession, in which thousands of jobs have been lost statewide, Alaskans are looking for salvation. Some see it in a sound fiscal plan, with the definition of “sound” being up for debate, others in a natural gas pipeline that will cost the state billions of dollars. And some are content to simply wait for the price of oil to bounce back, as it’s always done before.
May 16, 2017