More from: Industry and Energy

Plans to terminate an old hydroelectric plant in Inari face difficulties - process will take decades

The hydroelectric power plant in Kirakkaköngäs has been creating energy for the Inari region since the early 1950s. Located between the towns of Inari and Ivalo, the plant has been a staple for the locals who travel between the towns almost daily. Now, after 70-years of work, Inari municipality and Inergia Oy, the water and electricity supplier, are ready to cease the plant’s activity and allow water and fish to move freely between the local lakes and rivers.
November 01, 2021

Lundin Energy invests in new Barents oil project

The Swedish company buys a 25 percent stake in the far northern Wisting license. The project is to come into production in 2028 and might hold more than 500 million barrels of oil.
October 29, 2021

Oil shipments through Barents Sea could rocket with Rosneft's new Arctic field

The Russian state company intends to produce 30 million tons in its Vostok Oil project in 2024. Most of it will be shipped to Murmansk, and from there along the Norwegian coast to the world market.
October 27, 2021

Rostelecom to open the first Arctic data center

The Arctic data processing center (DPC) to be build in Murmansk will help provide the state and business segments of the region with computing resources and information storage systems.
October 20, 2021

Shipping on Northern Sea Route has course for 35 million tons in 2021

There is considerable growth in shipments on Russia's remote Arctic route, but shippers will have to boost deliveries by more than 100 percent in only two years if they are to reach the target set by the Kremlin.
October 19, 2021

Coal diggers are building a settlement on the Taymyr tundra

It will house the workers that are to operate one of Russia's northernmost coal fields.
October 15, 2021

Norwegian and Russian fishermen get 20% cut in Barents cod quotas

But the quota level is still on a historically high level, negotiators say after Norwegian and Russian fishery authorities sign deal.
October 15, 2021

New oil discovery adds resources to Barents field

Company Vår Energi finds up to 12 million barres of recoverable oil equivalents in its far northern Rødhette well.
October 13, 2021

On remotest Arctic coast comes a nuclear-powered gold mine

The Kyuchus field will be one of Russia's biggest gold mining projects. Its development includes the building of a nuclear power station.
October 10, 2021

As European power prices rocket, Moscow mocks EU over its energy transition

The Kremlin triumphs as Russian natural gas is sold in the European market at record-high prices. A top Russian energy leader tells President Putin that the European energy shift is bringing the continent to "a kind of stone age."
October 07, 2021

Two Arctic oil majors say they are determined to fight climate change

Russia’s biggest oil company Rosneft joins forces with Norway’s Equinor in an effort to manage carbon emissions.
September 29, 2021

Sergei Shoigu has a grand masterplan for Siberia. It could move Russia towards Eurasia

The Russian defence minister wants to build several new mega-cities and connect the vast region to the Arctic.
September 28, 2021

Drilling on the Arctic beach

Russian oil companies bid for licenses along Russia's remotest and most vulnerable shores.
September 23, 2021

A restarting north Swedish copper mine scales up resource estimates

The wind mills could symbolise the main reason why it is economical profitable to reopen the old mine beneath the ground at Viscaria outside Kiruna: A growing demand for copper in a world moving towards an electrified society.
September 22, 2021

Construction resumes at Murmansk transport hub

After being paused for nearly a year, work is again underway at the Lavna universal port with a first aim to boost Russia’s coal export.
September 20, 2021

Arctic oil on the table as Indian Minister pays visit to Russia

The huge Vostok Oil project was key issue of discussion when Indian Minister of Petroleum and Natural gas Shri Hardeep S Puri sat down for talks with Rosneft's Igor Sechin.
September 03, 2021

Reclaim of contaminated soil starts in Norilsk

Nornickel has commenced the active phase of the cleanup project aiming to reclaim the contaminated land after a destructive oil spill in May 2020.
September 01, 2021

Murmansk celebrates closure of oil-fuelled boiler. The new one runs on coal

No clean and renewable energy on the table as regional authorities upgrade a local heating system.
August 27, 2021

A major oil exploration is going on in Russia's East Arctic waters

Several survey vessels are mapping the petroleum potential of the Laptev Sea and a drillship is on its way to spud the first ever wells in the area.
August 24, 2021

Green ammonium production comes to Finnmark

The Nordic energy corporations ST1 Nordic and Horisont Energy have signed a memorandum of understanding to co-develop a green ammonia project in the Northern Norwegian district of Finnmark.
August 23, 2021

Norwegian Oil Fund's new eco standards add pressure on Arctic extractors

The powerful sovereign wealth fund says it will pin its investments to a series of expectations on biodiversity and ecosystem. That could have consequences for the Fund's investments in the Arctic, including in Russian energy companies.
August 18, 2021

Big oil, gas and coal making headway on Russian Arctic coast

Hundreds of ships loaded with construction materials shuttle to the sites of new nonrenewable energy projects.
August 16, 2021

Russians offer Chinese oilmen a taste of Arctic methanol

The developers of the far northern Indiga project are courting Chinese investors.
August 14, 2021

Record profits for iron-ore miner LKAB

The Kiruna-based mining company doubled sales and posted an operating profit of 9,1 billion Swedish kroner (€898 million) in the second quarter compared with same period last year.
August 12, 2021

Nornickel triples pre-tax profit, invests $1,4 billion in Monchegorsk

Higher metal prices driven by growing demand more than compensated losses caused by flooded mines and a record high fine for last year’s oil spill on the Siberian tundra.
August 12, 2021

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