Russian company VostokCoal abandons major coal mining project in Arctic tundra
Vostok Coal is giving up its great Arctic project. The buyer of the vast coal reserves of the Taymyr Peninsula
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BUSINESS
Canadian mining company Baffinland faces millions in liens over stalled expansion project in Arctic
Construction companies are taking steps to make sure they’ll get paid for work they did for Baffinland’s Mary River Mine.
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Russian company Gazprom finds more gas than expected in future Arctic field
The Kruzenshternskoye field holds up to 2 trillion cubic meters of natural gas, the company says. The field that is
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Chinese tourists cancel trips to Canada’s Northwest Territories amid coronavirus outbreak
Tour operators and hotels in Yellowknife are being hit with a number of cancellations from Chinese tourists in the wake
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New tourism investment brings hope to Russian city as main smelter closes down
Nornickel might invest up to 10,5 billion rubles (€153 million) in the development of a tourism cluster in Pechenga, the
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Russia approves airport plans to serve new Arctic natural gas project
The runway in Utrenny will serve workers commuting to Novatek’s new Arctic natural gas project. Russian state consultants have approved
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More shippers and shipping companies boycott Arctic sea routes, but it isn’t solving the problem, experts claim
Three of the world’s top five shipping companies and a growing number of consumer goods producers have promised to stay
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No take off for flight-shaming in northern Norway, but northern Sweden sees fall in air passengers
With 2019 being the year when ‘Flight shame’ was introduced as a social movement aimed at boycotting air travel to
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4% border traffic growth between Norway and Russia in 2019
Highest number of border-crossers between Russia and Norway since Moscow’s annexation of Crimea in 2014. Figures from the Norwegian police
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Russia auctions Barents Sea king crab quotas for €600 million
Russia’s new move, going from a quota distribution system based on historical catch to auctions, has generated big revenue to
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Northern Swedish airports get compensation for fall in travellers linked to climate change
The government will pay out 67 million SEK to make up for a drop in passengers airports in the north
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Norway’s Equinor to drill new Arctic well in Barents Sea
The company intends to add resources to its Johan Castberg project. The Norwegian Petroleum Directorate has approved Equinor’s well drilling
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Compilation: Mining and drilling in the Arctic
Arctic countries are showing a growing interest in the region’s natural resources. While some states are cancelling their plans for
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Putin’s new Arctic law paves way for biggest ever industrialization in Northern Russia
Offshore oil, liquified natural gas and the petrochemical industry will soon benefit from big tax cuts in new Arctic projects.
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Canadian feds return $430M to oil and gas companies ahead of Arctic offshore exploration ban
The federal government returned $430 million in security deposits to oil and gas companies that committed to spend billions exploring
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