Business

New standards being discussed for Arctic oil and gas activities

Trude Pettersen, The Independent Barents Observer
Posted: Monday, October 20, 2014 at 15:48 — Last Updated: Tuesday, October 21, 2014 at 21:06
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Representatives from seven countries have gathered in Tromsø this week to create a new set of standards for sustainable standardized

The price for Alaska oil dipped to $82.80 on Tuesday and $82.16 on Wednesday. (iStock)

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World oil price decline creates multibillion-dollar budget risk for Alaska

Dermot Cole, Alaska Dispatch
Posted: Friday, October 17, 2014 at 17:56 — Last Updated: Monday, October 20, 2014 at 20:37
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Oil prices have been relatively stable in the past few years, a Department of Revenue analyst said Wednesday, addressing the

$With booming oil fracking, like here in North Dakota, prices could continue to drop. (Thomas Nilsen/Barents Observer)$

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Why Barents oil is becoming unprofitable

Thomas Nilsen, The Independent Barents Observer
Posted: Friday, October 17, 2014 at 14:20 — Last Updated: Monday, October 20, 2014 at 20:37
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MINOT / NORTH DAKOTA: This U.S. shale formation produces over a million barrels of oil per day at a break-even

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Air route links Norway, Sweden and Finland in Arctic

Thomas Nilsen, The Independent Barents Observer
Posted: Thursday, October 16, 2014 at 20:49 — Last Updated: Friday, October 17, 2014 at 18:20
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TROMSØ: With economic support from the regions, Arctic Airlink will be the first east-west route linking Norway, Sweden and Finland

The Ministry of Emergency Situations' new search and rescue center in Arkhangelsk. (Thomas Nilsen / Barents Observer)

Business Business (Russia) General Russia

Russia: Third of 10 Arctic search and rescue centre opens on Northern Sea Route

Thomas Nilsen, The Independent Barents Observer
Posted: Wednesday, October 15, 2014 at 15:23 — Last Updated: Thursday, October 16, 2014 at 20:53
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The third of ten planned search and rescue centers along the Northern Sea Route has opened in Arkhangelsk, Russia. The center

Anders Borg announces he is leaving politics, following the general election results in Stockholm on September 15, 2014. (Jonas Ekstromer/AFP/Getty Images)

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Sweden’s ex-Finance Minister hired to report on Finnish economy

Radio Sweden
Posted: Tuesday, October 14, 2014 at 20:23 — Last Updated: Wednesday, October 15, 2014 at 20:33
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The former Finance Minister of Sweden, Anders Borg, is set to take on a new post with the Finnish government.

Map of new find announced by Lundin Petroleum. (Lundin Petroleum)

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Lundin Petroleum announces Barents Sea oil discovery

Thomas Nilsen, The Independent Barents Observer
Posted: Tuesday, October 14, 2014 at 15:25 — Last Updated: Wednesday, October 15, 2014 at 20:33
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After a somewhat disappointing test-drilling season for oil companies in the north, Lundin Petroleum today announces a big finding of

Who is actually operating the route from Arkhangelsk via Murmansk to Tromsø, Pskovavia or Nordavia? (Thomas Nilsen/Barents Observer)

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Barents Region’s only east-west flight could be grounded in late October

Thomas Nilsen, The Independent Barents Observer
Posted: Friday, October 10, 2014 at 18:59 — Last Updated: Tuesday, October 14, 2014 at 20:32
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TROMSØ: Pskovavia’s permission to fly to Tromsø expires in two weeks. Passengers fears the route will be closed since no

Greenpeace placed mini activist LEGO figures at a Shell gas station in Legoland in Billund, Denmark with banners reading "Save the Arctic Stop Shell". The action was part of a global campaign to pressure Lego to sever its business partnership with Shell. (Uffe Weng / Greenpeace)

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Lego cuts ties with Shell after Greenpeace campaign

Eilís Quinn, Eye on the Arctic @arctic_eq
Posted: Thursday, October 9, 2014 at 20:55 — Last Updated: Friday, October 10, 2014 at 19:08
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Danish toy-maker Lego announced on Wednesday it was cutting ties with Royal Dutch Shell after an extended campaign by the

Harald Martinsen is CEO of Syd-Varanger Gruve, a company owned by the Australian-registered Northern Iron. (Atle Staalesen / Barents Observer)

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Challenging time for Arctic mining companies

Atle Staalesen, The Independent Barents Observer
Posted: Thursday, October 9, 2014 at 18:41 — Last Updated: Friday, October 10, 2014 at 19:08
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One of the smaller mining companies in Scandinavia, the Northern Iron, is struggling to make ends meet as raw material

Questions concerning violations of Finland's airspace and waters have gone unanswered by Moscow. (iStock)

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Russia to use pensions funds for Rosatom-funded nuclear plant in Finland

Yle News
Posted: Wednesday, October 8, 2014 at 15:54 — Last Updated: Thursday, October 9, 2014 at 21:01
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Russia will use about one fourth of its National Welfare Fund resources for infrastructure projects including the controversial Rosatom-funded Fennovoima

Should Alaska's permanent fund consider investing some of its $50 billion portfolio in a pipeline project?(iStock)

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Alaska: Could permanent fund be used for investment in gas export project?

Pat Forgey, Alaska Dispatch
Posted: Tuesday, October 7, 2014 at 17:52 — Last Updated: Wednesday, October 8, 2014 at 20:06
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JUNEAU — Alaska may have an opportunity for a potentially risky but very profitable investment when it comes to decision

The nuclear powered icebreaker "Sovyetsky Soyuz" operates along the ice-covered waters of the Northern Sea Route. The vessel will probably be ready for service in 2016, according to Atomflot. (Thomas Nilsen / BarentsObserver)

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Rosatomflot prolongs North Pole cruises

Trude Pettersen, The Independent Barents Observer
Posted: Tuesday, October 7, 2014 at 15:17 — Last Updated: Wednesday, October 8, 2014 at 20:06
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Rosatomflot, owner of Russia’s fleet of nuclear-powered icebreakers, has decided to continue bringing tourists to the North Pole as repairs

Empty loading platforms at the Northland mine in Kaunisvaara. (Mats Jonsson/Sveriges Radio)

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Northland halts operations at mine in Arctic Sweden

Radio Sweden
Posted: Tuesday, October 7, 2014 at 12:58 — Last Updated: Tuesday, October 7, 2014 at 19:25
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Nearly 300 people will be laid off as Northland Resources stops operations indefinitely at its iron ore mine in Kaunisvaara,

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New ferry contract part of effort to create shipbuilding industry in Alaska

Pat Forgey, Alaska Dispatch
Posted: Monday, October 6, 2014 at 18:55 — Last Updated: Tuesday, October 7, 2014 at 19:25
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JUNEAU — Gov. Sean Parnell last month traveled to Ketchikan to announce that an Alaska shipyard in that city would