Energy

Russia’s Northern Sea Route sees record cargo volume in 2018

Russia’s Northern Sea Route sees record cargo volume in 2018

Russia’s Northern Sea Route saw another record-setting year in 2018 as 18 million tons of cargo traveled along the country’s Arctic coastline. This compares...
Russian Deputy Premier steps up support for Novatek’s Arctic LNG shipments

Russian Deputy Premier steps up support for Novatek’s Arctic LNG shipments

Natural gas company Novatek is calling for amendments in current Russian legislation in order to pave the way for shipments of liquified natural gas...
Russia’s first offshore wind park comes to White Sea

Russia’s first offshore wind park comes to White Sea

A deal signed this week by Karelian Governor Aleksandr Khudilainen and Li Yan, Vice President of Sinomec, includes the investment of 9 billion rubles (€130...
Russian gas pipelines to go ahead despite U.S. sanctions

Russian gas pipelines to go ahead despite U.S. sanctions

MOSCOW/BRUSSELS — New U.S. sanctions will make it harder for Russia to build two gas export pipelines to Europe but the projects are unlikely to...
After disappointment in Norway’s Arctic, Statoil says ‘we will come back’

After disappointment in Norway’s Arctic, Statoil says ‘we will come back’

The failure to find oil at the Korpfjell prospect isn't going to make Norway’s oil major give up, the company says. We will come back...
Trafigura reports record first half, writes down interest in Russia’s Vostok Oil project to zero

Trafigura reports record first half, writes down interest in Russia’s Vostok...

LONDON — Global commodities trader Trafigura has completely written down its investment in Russia's Vostok Oil project in Siberia, the biggest oil development in...
US regulators approve Eni plan to drill from a man-made island into federal Arctic leases

US regulators approve Eni plan to drill from a man-made island...

The Trump Administration Wednesday approved an oil company’s plans to explore for oil in federal territory of the U.S. Arctic Ocean, using extended-reach drilling...
The Norwegian Oil Fund’s new eco standards could add pressure to Arctic extractors

The Norwegian Oil Fund’s new eco standards could add pressure to...

The Norwegian Government Pension Fund Global, also called the Oil Fund, is stepping up its attention to the environment. A new expectation document on biodiversity...
A Russian drillship explores the northern Kara Sea

A Russian drillship explores the northern Kara Sea

A Russian drillship has been operating in remote Arctic waters that have never been previously explored, according to the state oil and gas company...
A major Alaska Arctic natural gas plan now looks economically dubious — but it just passed a major milestone

A major Alaska Arctic natural gas plan now looks economically dubious...

Plans for a pipeline carrying natural gas from Alaska’s Arctic to a tidewater port in the southern part of the state have floundered economically,...
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