Business

Industrialists buy up parts of bankrupt mine in Sweden

Radio Sweden
Posted: Wednesday, July 15, 2015 at 14:47 — Last Updated: Thursday, July 16, 2015 at 18:09
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Five industrialists have reached into their own pockets and bought parts of the bankrupt Northland iron ore mine in Kaunisvaara, in

The Alaska phase of a major fibre optic project remains on track for completion by the end of next year. (iStock)

Blog Business Business (Canada) Canada General

Blog: Northwest Territories fur and fiber optics make inroads in Asia

Mia Bennett
Posted: Tuesday, July 14, 2015 at 18:54 — Last Updated: Wednesday, July 15, 2015 at 18:10
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The media tends to view Asian activities in the Arctic with a wary eye. China, and to a lesser extent

Some parts of Alaska's coastline have never been surveyed. (iStock)

Business Business (USA) General USA

Alaska: Shoal found where Shell ship was gouged

Alex DeMarban, Alaska Dispatch News
Posted: Friday, July 10, 2015 at 13:34 — Last Updated: Monday, July 13, 2015 at 20:22
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The U.S. Coast Guard announced Thursday that hydrographic surveyors discovered a previously uncharted shoal in the area where a key

Limits have been but on Shell's Arctic drilling season this year, including measures to protect walrus in the region. (Karen Bleier/ AFP)

Business Business (USA) General USA

Shell icebreaker damaged, returns to port

Alex DeMarban, Alaska Dispatch News
Posted: Wednesday, July 8, 2015 at 13:11 — Last Updated: Wednesday, July 8, 2015 at 20:59
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In another hurdle for Royal Dutch Shell’s Arctic drilling program, an ice-handling vessel playing a key role in the operation has

Business Business (Finland) Finland General

Finland: Russian links to nuclear power project questioned

Yle News
Posted: Thursday, July 2, 2015 at 13:36 — Last Updated: Friday, July 3, 2015 at 17:39
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The Finnish dairy giant Valio announced Wednesday that it was pulling out of the Fennovoima nuclear power project. The statement

A view of the Beaufort Sea from the community of Tuktoyaktuk in Canada's Northwest Territories. Imperial Oil's decision to delay drilling in the Beaufort was among your most read stories this week. (Rick Bowmer/AP)

Business Business (Canada) Canada General Special Features

Imperial delays oil drilling in Canadian Arctic

Yereth Rosen, Alaska Dispatch News
Posted: Monday, June 29, 2015 at 13:28 — Last Updated: Tuesday, June 30, 2015 at 14:00
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Imperial Oil and its offshore Arctic joint-venture partners are delaying their plans for an ambitious drilling project in the Canadian Beaufort Sea, news organizations reported

With no caribou on their islands, Inuit on the Belcher Islands have relied on eider ducks for food and clothing for generations. Here, an Inuit woman wearing a traditional eider skin parka collects duck eggs in a still photo from the film "People of a Feather." (Joel Heath/The Canadian Press)

Business Business (Canada) Canada General Special Features

Nunavut Canada community revives eiderdown business

Eilís Quinn, Eye on the Arctic @arctic_eq
Posted: Friday, June 26, 2015 at 17:56 — Last Updated: Monday, March 19, 2018 at 12:25
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A small Inuit community in Canada’s eastern Arctic territory of Nunavut is reviving its eiderdown business, something it hopes provides

Business Business (Finland) Finland General Special Features

Finland ‘shot itself in the foot’ creditor says of mining company saga

Yle News
Posted: Tuesday, June 23, 2015 at 12:42 — Last Updated: Tuesday, June 23, 2015 at 15:39
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A portfolio manager and major investment player in Finland’s troubled Talvivaara mining company says the Finnish state missed an opportunity

An icebreaker in the Kara Sea in April 2015. Stories concerning drilling and shipping were among you're most read Eye on the Arctic stories this week. (Kirill Kudryavtsev/AFP/Getty)

Business Business (Russia) General Russia Special Features

New law would allow only Russian-flagged ships in Russian Arctic

Atle Staalesen, The Independent Barents Observer
Posted: Monday, June 22, 2015 at 13:43 — Last Updated: Tuesday, June 23, 2015 at 15:39
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A new law might force shipping companies to sail in the Arctic only under Russian flag. New legislation under elaboration

Business Business (Russia) General Russia

Gazprom drilling ongoing at oil field in Arctic Russia

Atle Staalesen, The Independent Barents Observer
Posted: Friday, June 19, 2015 at 13:16 — Last Updated: Monday, June 22, 2015 at 17:49
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Another well will be completed by the end of June, Gazprom Neft Director for offshore projects Andrey Patrushev says. “Exploration

Eldar Saetre, president and CEO of Statoil, in February 2015. (Leon Neal/AFP/Getty Images)

Business Business (Norway) General Norway

Statoil and Rosneft prepare for drilling despite sanctions

Atle Staalesen, The Independent Barents Observer
Posted: Thursday, June 18, 2015 at 15:44 — Last Updated: Friday, June 19, 2015 at 15:35
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The two companies might carry out their first joint drillhole in 2016. “Preparations for the operations are ongoing”, a representative

The Kara Sea shore line on the Yamal Peninsula in the Arctic Circle. The nuclear powered icebreaker “Yamal” recently travelled the Russian Arctic to conduct research operations, especially in Rosneft's license areas of the Kara Sea. (Kirill Kudryavtsev/AFP/Getty Images)

Business Business (Russia) General Russia

Rosneft completes historical Arctic expedition

Atle Staalesen, The Independent Barents Observer
Posted: Thursday, June 18, 2015 at 14:10 — Last Updated: Friday, June 19, 2015 at 15:35
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For ten weeks the nuclear powered icebreaker “Yamal” brought a major team of researchers practically all along Russia’s Arctic coast.

The Work Environment Authority in Sweden says too few mining companies test the air inside their mines. (iStock)

Business Business (Sweden) General Sweden

Miners’ high health risks prompts review in Sweden

Radio Sweden
Posted: Wednesday, June 17, 2015 at 18:11 — Last Updated: Thursday, June 18, 2015 at 18:59
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Miners in Sweden face a significant health risk from inhaling dangerous particles while at work, Swedish Radio News reports, prompting

The northern port of Murmansk in Kol’skiy (Kola) peninsula on the Barents Sea. Eight fisheries companies are ready to invest in the Murmansk Special Economic Port Zone, regional authorities say.(Alexander Nemenov/AFP/Getty Images)

Business Business (Russia) General Russia Special Features

Fishery hopes in Arctic Russia after gas project flame out

Atle Staalesen, The Independent Barents Observer
Posted: Wednesday, June 17, 2015 at 13:49 — Last Updated: Thursday, June 18, 2015 at 18:59
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The Murmansk Economic Zone was presented as a miracle cure for regional development and as key facility for the Shtokman

Finland's economic affairs minister Olli Rehn (pictured above in 2014) confirmed on Wednesday that the government is planning putting additional money into the troubled Talvivaara mining group. (Kostas Tsironis/AP)

Business Business (Finland) Finland General

Finland to sink 112m euros into Talvivaara mining

Yle News
Posted: Wednesday, June 17, 2015 at 13:26 — Last Updated: Wednesday, June 17, 2015 at 20:02
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Finland’s economic affairs minister Olli Rehn confirmed Wednesday that the government is proposing putting an additional 112 million euros into