Blog: Greenland – barrels of oil and bottles of water
In the past week, there have been two interesting stories about Greenland in the news. The first is in The Economist,entitled, “Greenland
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Business
Bids given for Pajala mine in Arctic Sweden
There are bidders for the Pajala mine in northern Sweden, the project sales manager says. The Kaunisvaara mine in Pajala, Swedish
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Finland: Does Nordea’s divesting of coal shares signal shift in Nordic market?
One of the Nordic region’s biggest banks is pulling out of investments in coal. Though the sums involved are tiny
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Norwegian bank loses 300 million in Murmansk, Russia
Murmansk was seen as an up-and-coming market for banks in Norway. Now they all flee the region with multi-million losses. The
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Finland: Talvivaara mining company to seek new state bailout
Bankrupt mining firm Talvivaara Sotkamo might need another bailout from the government. Previous funds transferred to keep the Kainuu mine
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Keystone XL: Bad for Alaska Crude?
The fight over the Keystone XL Pipeline is likely to heat up in Congress this week. Senate Bill 1 would
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Russia wants Total out of Arctic project
The Kharyaga oil project should be taken over by a Russian company, the country’s Ministry of Energy argues. Total has failed
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Norway offers 34 Arctic blocks along Russian border
Oil companies will get licenses at unprecedented latitudes and along the border to Russia. More than half a year after
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Ice-Blog: Arctic Oil – a white elephant?
The conference: Arctic Frontiers has attracted a record number of participants this year and huge media interest. For the first time in
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Will Barents oil investments be financial disaster?
TROMSØ: To drill or not to drill, that’s the Arctic Frontiers question of the year. Investor Jens-Ulltveit-Moe warns Troms and
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New Russian oil fields along Barents ice edge
Gazprom Neft gets a 83,000 square kilometer oil license area in the northern part of the Barents Sea. As oil
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Gazprom Neft meets production level at Prirazlomnoye oil field
Russia’s only offshore oil-producing field in the Arctic, the Prirazlomnoye, reaches the 300,000 ton production limit. With the production figure, Gazprom
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Oil prices expected to stay low through 2016
The news remains bleak for a state hooked on oil production and price, with the U.S. Energy Information Administration forecasting an average price of $58
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Russia’s former prime minister suggests pause in Arctic oil & gas projects
“Arctic offshore oil production is only profitable at an oil price of 100-120 dollars per barrel” says Russia’s former prime
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World oil price decline siphons billions of dollars expected by Alaska
While oil prices have dropped more than 50 percent in the last six months, the decline in the Alaska oil production tax
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