Energy

Move fast, sell cheap: How Norway’s Equinor exited Russia

Move fast, sell cheap: How Norway’s Equinor exited Russia

LONDON/OSLO — Norway's Equinor became the first Western oil major to fully exit Russia this month, avoiding the high-profile clashes with Moscow experienced by...
Sanctions are hitting Russian icebreaker builders

Sanctions are hitting Russian icebreaker builders

Russian companies Nornickel and Rosneft have scrapped plans to build high-tech icebreakers fueled by LNG. The vessels will instead be diesel-fueled, Deputy Head of...
Equinor, others apply for right to explore for oil and gas off Norway

Equinor, others apply for right to explore for oil and gas...

OSLO — Some 26 energy companies have sought Norway's permission to drill for oil and gas in this year's predefined areas licensing round, the...
Gas from Gazprom’s major new project might be stranded in the Arctic

Gas from Gazprom’s major new project might be stranded in the...

There has been a big buzz in a remote area of Yamal tundra since construction work on Gazpronm's Kharasavey natural gas field was officially...
Novatek not interested in Fortum’s Russia assets, CEO says

Novatek not interested in Fortum’s Russia assets, CEO says

VLADIVOSTOK — Russian gas company Novatek said on Wednesday it does not want to acquire the Russian assets of Finland's Fortum, and that France's...
Equinor exits final Russia project in Arctic Kharyaga oilfield

Equinor exits final Russia project in Arctic Kharyaga oilfield

OSLO — Equinor has completed its exit from Russia, the Norwegian energy group said on Friday, delivering on a promise made after Russia's invasion...
Norway to extend life of its last Arctic coal mine

Norway to extend life of its last Arctic coal mine

Norway's state-owned coal company will extend production at its last mine in the Arctic Svalbard archipelago by two years until mid-2025 to help ensure...
Solar power project proposed for Nunavut’s Coral Harbor

Solar power project proposed for Nunavut’s Coral Harbor

A significant amount of renewable energy could potentially come to Coral Harbor in the future. Kivalliq Alternative Energy Ltd. gave a revised proposal on Aug....
Construction of second Arctic floating nuclear power plant is underway

Construction of second Arctic floating nuclear power plant is underway

Three years after the Akademik Lomonosov started to produce electricity for the remote Siberian community of Pevek, the first of four new Arctic floating...
Norway’s Aker BP to drill in Arctic Barents Sea, CEO says

Norway’s Aker BP to drill in Arctic Barents Sea, CEO says

STAVANGER, Norway — Aker BP plans to drill up to 15 exploration wells next year, including in the Arctic Barents Sea, Aker BP Chief...
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