How the EU’s latest sanctions could halt Russia’s Arctic oil plans

How the EU’s latest sanctions could halt Russia’s Arctic oil plans

When Russian oil company Gazprom Neft in 2016 launched its Arctic Gate terminal in the Gulf of Ob, it seemed beyond imagination that Russian...
Equinor makes a significant new Arctic oil discovery

Equinor makes a significant new Arctic oil discovery

Drilling in Arctic waters off northern Norway has revealed up to 50 million barrels of recoverable oil at Snøfonn Nord, near the Johan Castberg...
Equinor exits Russia joint ventures, transfers assets to Rosneft

Equinor exits Russia joint ventures, transfers assets to Rosneft

OSLO — Norway's Equinor said on Wednesday it has exited its Russian oil and gas joint ventures due to the war in Ukraine, transferring...
South Korean yard cancels order on Russian Arctic tanker

South Korean yard cancels order on Russian Arctic tanker

Daewoo Shipbuilding and Marine Engineering has announced cancellation of an LNG carrier ordered for the Russian Arctic LNG 2 project. The carrier is the first...
Norway’s Hammerfest LNG plant extends outage until May 23

Norway’s Hammerfest LNG plant extends outage until May 23

OSLO — Norway's Hammerfest LNG plant is now expected to restart on May 23, six days later than the previous plan and further delaying...
New Norway oil sector surge includes investment from ConocoPhillips, major Arctic field

New Norway oil sector surge includes investment from ConocoPhillips, major Arctic...

SANDEFJORD, Norway — ConocoPhillips submitted on Monday a plan to develop an oil discovery in the Norwegian North Sea for 10.5 billion Norwegian crowns...
Rosatom unit seeks compensation from Finnish group on ditching nuclear power plant contract

Rosatom unit seeks compensation from Finnish group on ditching nuclear power...

The Finnish unit of Russia's state-owned Rosatom said on Friday it will demand compensation from Finnish consortium Fennovoima for "unlawful termination" of contract for...
Equinor posts record profit as gas prices soar in Europe

Equinor posts record profit as gas prices soar in Europe

OSLO — Equinor reported record earnings on Wednesday, as the war in Ukraine triggered an energy supply crunch that sent gas prices soaring to...
Finnish nuclear power developers kick out Russian partners

Finnish nuclear power developers kick out Russian partners

After more than eight years of joint planning, the Fennovoima nuclear power company terminates its cooperation with Russian state-controlled company RAOS Project. The decision has...
Japan’s Mitsui takes loss on Russian Arctic LNG stake

Japan’s Mitsui takes loss on Russian Arctic LNG stake

TOKYO — Japanese trading house Mitsui & Co Ltd booked a 20.9 billion yen loss on liquefied natural gas business in Russia in the...