Arctic Economy

Live show lets Reykjavik visitors see lava up close

Live show lets Reykjavik visitors see lava up close

Holidaymakers in Iceland can now sweat it out in front of real, live molten rock in Reykjavík, as part of what organizers say is...
Alaska oil lease sales draw more than $5 million in bids for North Slope and Beaufort Sea

Alaska oil lease sales draw more than $5 million in bids...

Businesses spent more than $5 million for leases giving them the right to explore for oil on state-owned territory in the Arctic, the Alaska...
Equinor postpones decision on a key offshore Arctic oil field

Equinor postpones decision on a key offshore Arctic oil field

Norway's state oil company Equinor and its partners announced a postponement of an investment decision on the Wisting oil project, which was poised to...
China’s biggest heavy-lift carrier sails into Kola Bay

China’s biggest heavy-lift carrier sails into Kola Bay

Locals in Murmansk are used to big ships and busy shipping. But the Xin Guang Hua probably attracted people’s attention as it sailed into...
A fresh shipment ends Sanikiluaq’s fuel shortage

A fresh shipment ends Sanikiluaq’s fuel shortage

A new shipment of fuel has arrived in Sanikiluaq. Hudson Bay MLA Daniel Qavvik told Nunatsiaq News the shipment arrived Sunday. The community had been...
Rovaniemi gets seven new flight connections to European cities

Rovaniemi gets seven new flight connections to European cities

Post-pandemic travel is on rise for winter destinations in northern Finland with a wide range of new direct flights from all over Europe to...
Inuit seal harvesters hit the ground running with new Ottawa business

Inuit seal harvesters hit the ground running with new Ottawa business

It has been just over one year since ReconSeal Inuksiuti formally launched as a business, and its founders are busier than ever. Yoanis Menges, an...
Moscow strengthens state control over far northern rare earth metals

Moscow strengthens state control over far northern rare earth metals

Russian state enterprises are strengthening their role in the country’s mining and mineral industry. In early May this year, the Russian General Prosecutor approved a...
For isolated Russia, Arctic shipping lanes hold new allure

For isolated Russia, Arctic shipping lanes hold new allure

With export corridors under pressure, Russia should look towards the Northern Sea Route, Deputy Prime Minister Aleksandr Novak says. “With the new and unprecedented pressure...
TotalEnergies lands $9.9 billion profit as it books new Russia charge

TotalEnergies lands $9.9 billion profit as it books new Russia charge

PARIS — TotalEnergies posted a sharp jump in third quarter net profit on Thursday, joining other energy giants which have benefited from higher oil...
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