Russia’s northernmost coal-producing region experiences decline
Russia’s northernmost coal-producing region in 2014 experienced hardship and decline. Figures from Patchwork Barents, a regional data portal, show that coal production
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economy
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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Finland’s real estate market forecast to slump in 2015
Finland’s real estate market is set to continue to slide this year, according to a new report. Investors are more
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New guidelines for polar shipping
As more and more ships travel through polar waters, new training guidelines for their masters, navigators, and crews have been
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Stymied in the Lower 48, Alberta floats idea of moving tar-sands oil through Alaska
Officials in the Canadian province of Alberta say they hope to talk to Alaska leaders about shipping tar-sands crude oil
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Controversial Russian politician to head Artic commission
Deputy Prime Minister Dmitry Rogozin is said to become head of Russia’s new commission for Arctic issues. The commission will
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Russian property purchases in Finland at near-standstill
The economic crisis in Russia has affected Finland in many ways already, now in the form of new cabin purchases
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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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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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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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Sweden’s dairy farmers hit hard by sanctions against Russia
Swedish dairy farmers are facing a tough time because of international politics. Russia has stopped the importation of milk products
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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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