Finland needs to exploit its Arctic potential, says ex-PM
Businesses and politicians have been too passive in capitalising on the increasing international interest in Finland’s Arctic region, argues a
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Business
OMV finds more oil in Barents Sea
This is an important milestone towards a future development of the area, the Austrian company says about its Wisting Central
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Arctic tests for Russia’s new icebreakers
Russia’s new “Vladivostok” and “Murmansk” icebreakers (project 21900M) are on the way to Murmansk for trials in Arctic environment. The
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Report urges creation of new governance structure for oversight of Arctic shipping
Canada needs to come up with a new governance structure for Arctic shipping corridors through the Northwest Passage to address
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Norwegian opening for Russia’s Gazprom
Gazprom, Russia’s oil and gas giant, has swapped assets with Austrian energy firm OMV in a deal announced Friday. While
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Canadian firm acquires bankrupt Lapland gold mine
The Canadian gold exploration company Rupert Resources has acquired the bankrupt Pahtavaara gold mine in the Lapland municipality of Sodankylä.
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Russia’s top Arctic investments
The economy is in crisis, but the country still proceeds with plans for a string of ambitious Arctic projects. As
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Declining interest in Northern Sea Route
Interest from international ship operators in utilizing the Northern Sea Route has waned in recent years, according to a new
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Finland: Nordea forecasts continued slow growth
Banking group Nordea released its Economic Outlook on Wednesday, forecasting continued slow growth worldwide. The bank sees poor growth and
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Construction work restarted on Russia to Norway road
New year, new cash. Excavators and dump trucks are back in business on Russia’s road towards the Norwegian border. After
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Finnish GDP up 0.5 percent in 2015
According to Statistics Finland, Finland’s gross domestic product in 2015 grew by 0.5 percent, not 0.4 percent as earlier reported
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Northernmost oil platform now pumping after years of delay
Norway’s Minister of Oil and Energy, Tord Lien, can smile as the world’s northernmost oil platform now pump oil after
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Japan, Finland agree to boost cooperation in the Arctic
Japan and Finland are ready for Arctic cooperation, including the use of the Northern Sea Route and the development of
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Canada’s Supreme Court agrees to hear Arctic seismic testing case opposed by Inuit
Canada’s highest court has agreed to hear an appeal against seismic testing in Arctic waters between Canada and Greenland brought
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Green Party calls on Liberal government to stop seismic testing in Davis Strait
The federal government urgently needs to step in and stop planned seismic testing in Davis Strait regardless whether the Supreme
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