Arctic Economy

Why Russia is likely to remain cooperative in the Arctic

Why Russia is likely to remain cooperative in the Arctic

Sometimes there is much solace in cool analysis. Listen to this: Russia is likely to continue as an active and willing partner in the...
Parks Canada, Nunavut heritage trust sign deal on Franklin artifacts

Parks Canada, Nunavut heritage trust sign deal on Franklin artifacts

Parks Canada and the Inuit Heritage Trust have signed an agreement on how to care for the Franklin expedition’s new and yet-to-be-discovered artifacts. In 2018,...
Norwegian ships accompany Chinese rig to Russian Arctic drill site

Norwegian ships accompany Chinese rig to Russian Arctic drill site

A fleet of supply ships, including some from Norway, surround the Chinese drill rig Nan Hai Ba Hao as it prepares to spud a...
Greenland’s Royal Arctic Line faces criticism for plans to use heavy fuel oil until 2029

Greenland’s Royal Arctic Line faces criticism for plans to use heavy...

Last week the International Maritime Organization agreed on a draft regulation to phase out the use and carriage of Heavy Fuel Oil (HFO) in the...
A Finnish Arctic ski resort closed by coronavirus tests a creative approach to plan for next season

A Finnish Arctic ski resort closed by coronavirus tests a creative...

Like all ski resorts in the country, the Levi Ski Resort in Arctic Finland had to shut down operations overnight at the peak of the...
Exxon Mobil agrees to sell natural gas to proposed Alaska Arctic LNG project

Exxon Mobil agrees to sell natural gas to proposed Alaska Arctic...

A second major oil producer on Alaska's North Slope has officially joined the state team pushing for a new pipeline project to carry large...
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...
Santa Claus sets off from the Arctic Circle on annual Christmas journey

Santa Claus sets off from the Arctic Circle on annual Christmas...

Santa Claus set off from the Arctic Circle — in this case, Rovaniemi, Finland, one of several places across the Arctic with a Christmas...
Novatek plans to raise $11 billion for second Arctic LNG project from Russian, Asian banks

Novatek plans to raise $11 billion for second Arctic LNG project...

Russian gas company Novatek's Arctic LNG 2 project aims to raise $11 billion in financing in a 50/50 split between domestic and Asian banks,...
An avalanche on Svalbard has killed two German tourists

An avalanche on Svalbard has killed two German tourists

OSLO — Two Germans were killed on Thursday when an avalanche hit a glacier in the western part of the Arctic archipelago of Svalbard,...
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