Compilation: Mining and drilling in the Arctic

Pipelines to be laid to transport oil to Vankor are seen at the Rosneft-owned Suzunskoye oil field, north from the Russian Siberian city of Krasnoyarsk, March 26, 2015. (Sergei Karpukhin/Reuters)
Arctic countries are showing a growing interest in the region's natural resources. While some states are cancelling their plans for environmental or financial reasons, others are investing significantly. Eye on the Arctic looks back at the situation

Putin’s new Arctic law paves way for biggest ever industrialization in Northern Russia

Offshore oil, liquified natural gas and the petrochemical industry will soon benefit from big tax cuts in new Arctic projects.... Read more...

Canadian feds return $430M to oil and gas companies ahead of Arctic offshore exploration ban

By Kate Kyle, CBC News // Wednesday, December 18, 2019

The federal government returned $430 million in security deposits to oil and gas companies that committed to... Read More...

Equinor drops plan for oil transfer terminal at Veidnes in northern Norway

By Thomas Nilsen, The Independent Barents Observer // Friday, December 13, 2019

The costs of constructing an oil terminal at Veidnes in Finnmark will be too high... Read More...

Latest LNG carrier arrives in Arctic Russian port, marks completion of tanker fleet

By Atle Staalesen, The Independent Barents Observer // Tuesday, December 3, 2019

The «Yakov Gakkel» in late November sailed into the Kara Sea with course for the Sabetta LNG terminal in Yamal... Read More...


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