More from: Industry and Energy

Lundin Petroleum’s Norwegian subsidiary found no oil at the Børselv prospect.
September 30, 2017
Kola GMK has boosted its nickel output by 50% after refining was moved from Norilsk in Siberia.
September 28, 2017
One of the world’s richest man, Russian oligarch Vladimir Potanin, pressed the symbolic button opening the fiber-optic line to one of Russia’s remotest corners.
September 28, 2017
Wildcat drilling with hope to find more oil near the Goliat field failed.
September 27, 2017
Energy company Enel teams up with Siemens Gamesa in the planned 201 MW wind power project in the Kola Peninsula. The turbines could be produced in Russia.
September 20, 2017
The Research Institute of the Finnish Economy ETLA predicted three percent growth this year in the Finnish economy on Tuesday, in one of the most positive economic forecasts for the near future to be released.
September 20, 2017
The Russian-Finnish nuclear project at Pyhäjoki, northern Finland, will not get a building permit before 2019, according to the company’s new, revised estimate. The firm had just a few months ago said it expected the permit in 2018.
September 19, 2017
Finland’s energy market is poised to shift into a new gear next year. Renewable energy sources are expected to produce more of the country’s energy than fossil fuels, which include oil, coal, natural gas and peat.
September 19, 2017
The Austrian oil company believes the Wisting license could hold up to 80 million standard cubic meters of recoverable oil equivalents.
September 18, 2017
The Lamor company establishes a joint venture with the Russian oil company in Roslyakov, the formerly closed military town outside Murmansk.
September 13, 2017
Three remote-located wind power projects could see the light as hydroelectric company RusHydro enters into agreement with Japanese partners.
September 07, 2017
State companies Statoil and Rosneft set up a joint venture for the development of the Severo-Komsomolskoye field in the far northern Yamal-Nenets region.
September 07, 2017
Oil from two of Russia’s biggest Arctic fields keeps flowing through the «Umba».
September 05, 2017
First leg of the new railway along Sweden’s northern coast is included in the Transport Administration’s proposal for the national plan for 2018-2029.
September 03, 2017
Failing to find oil at the Korpfjell prospect doesn’t make Norway’s oil major give up. We will come back next year, says Dan Tuppen, head of exploration for the Barents Sea.
August 30, 2017
«It is like a football match; you do not always strike a goal in the first attack», says Mayor of Barents town Vardø.
August 29, 2017
The Norwegian oil company had great expectations to its northernmost ever well. But the Korpfjell turned out to be a major blow.
August 29, 2017
Operator of the only cross-border flights in Northern Scandinavia got millions of euros in public support from regional authorities. Now, the route could come to an end.
August 25, 2017
Russia’s only offshore Arctic oil platform in first half of 2016 produced 1,6 million tons of oil, a year-on-year increase of 79 percent.
August 24, 2017
Company Total likely to play crucial role in Arctic LNG-2, the grand project planned on the remote Arctic coast of Gydan.
August 23, 2017
With a budget deficit of 23 billion rubles, Russia’s new gateway to the Arctic could be delayed.
August 17, 2017
«It will last at least until year 2020».
August 16, 2017
With operations more than 400 kilometers north of mainland Norway, Greenpeace says it is the most controversial and aggressive drilling globally this year.
August 15, 2017
License areas in the Pechora Sea and south Kara Sea are up for seismic shooting.
August 14, 2017
Only the new plant in Murmansk, a key project component, will employ up to ten thousand people, the company chairman says to Prime Minister Medvedev.
August 11, 2017