Targeted Arctic lease sales could ward off conflicts says U.S. agency
A fresh new five-year plan for oil and gas leasing in the nation’s outer continental shelf features what federal officials hope will
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Business
Russia boosts tourism on Svalbard, Norway
Development of tourism is one of Russia’s prioritized areas to secure its presence on the archipelago of Svalbard. The state
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Asian tourists flock to Rovaniemi in Finland’s Arctic
This February the hotels of Rovaniemi, Lapland have been full to the brim with customers. Usually this many people stay
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Risks too high with Rosneft, Norwegian drillmen say
The North Atlantic Drilling Ltd believes there are “significant risks” related to its $4.1 billion Arctic contracts with Rosneft. The company,
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Alaska investors nervous as oil price drop plays out
With the state of Alaska facing a budget deficit of $3.5 billion this year due in large part to lower oil prices and
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Southeast Alaska fund program gets cash infusion from Nature Conservancy
JUNEAU — With sustainable Southeast Alaska businesses as a goal, the Nature Conservancy has partnered with Haa Aani for yet
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Rosneft asks to postpone activity on 12 Arctic licences
The state-owned company requests permission for 2-year extended license terms in 12 offshore Arctic projects. In a letter to the Russian
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Arctic train line in Nordics would open up polar potential
A railway line from northern Finland to the Norwegian Arctic coast will open a new base for industrial development in
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U.S. companies bid for contracts in Arctic Russia
Despite the sanctions, U.S oil companies Shlumberger and Baker Hughes still bid for new contracts in Russian Arctic waters. Both the EU and
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Number of Russian Christmas tourists to Finland plummets
Some 75,500 accommodation nights for Russians were registered in the past December. This is a drop of 52 percent as
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Norway’s oil exports plunge to half
Falling oil price hits Norway hard. Exported crude oil for NOK 13.2 billion (€1.54 billion) in January, less than half
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Four nuclear submarines under construction in Russia’s Far North
Sevmash shipyard in Severodvinsk outside Arkhangelsk has full order books for 2015. For the first time since the fall of
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Sweden: LKAB cuts staff, reduces investments
Profits plummet by more than 90 percent and the Swedish mining giant is forced to take a series of crisis
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Norwegian flies into aviation dispute with Russia
CEO of Norwegian Air Shuttle, Bjørn Kjos, says Russian airliners should be denied to overfly Norwegian territory. His Dreamliner is
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Finland mining CEO charged with environmental crime
Eastern Finland’s District Prosecutor Heikki Ylisirniö has pressed charges against Pekka Perä, the CEO of the Talvivaara mine, for
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