Arctic oil plans in Norway and Russia disrupted amid COVID-19 crisis
Grand plans for drilling and field development in far northern Norwegian waters are being delayed and postponed. The coronavirus and
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oil
Putin signs Arctic master plan calling for more industrialization, partnerships and stability
The strategic document paves way for a massive industrialization of the country’s far north. The strategy includes Russia’s main objectives,
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Wells Fargo becomes third major US bank to nix Arctic oil investment
Wells Fargo says it won’t finance oil development in the Arctic National Wildlife Refuge. The bank’s announcement follows similar policies
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Norwegian wealth fund’s value in Russian company Gazprom more than doubled in 2019
The world’s largest sovereign wealth fund enjoyed a very good year on both the Russian stock and bond markets. The
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Canada plans to support ban on heavy fuel oil in Arctic shipping
Canada will support a ban on the use of heavy fuel oil by ships plying Arctic waters at the upcoming
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Russian Embassy denies accusations of influence operations in Norway
“As normal there are no evidence, just general speculations,” the Embassy writes in a statement to the Barents Observer. On
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Russian influence ops seek to fuel discord between Arctic Norway and Oslo, Norwegian intelligence service says
Kremlin seeks to exploit any issue that can create split, said Lt. Gen. Morten Haga Lunde when presenting the Intelligence
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Moscow outlines €210 billion plan for Arctic oil
A new tax regime for the Russian Arctic is to provide for an unprecedented wave of investments in icy drilling.
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New Russian PM grants drilling fields to Gazprom in Arctic
Mikhail Mishustin grants company Gazprom Neft big drilling acreages in the Yamal Peninsula. Three days after he was announced as
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Northwestern Canadian First Nation asks N.W.T. to speak out against northern Alberta mine
The chief of Smith’s Landing First Nation near Fort Smith, , is calling on the territorial government to speak out
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New Delhi confirms Indian stake in Rosneft’s new Arctic oil project
The country’s energy minister makes clear that there will be Indian participation in the major Arctic oil project to be
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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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Goldman Sachs will no longer fund drilling in Arctic refuge sacred to First Nations
In the wake of a U.S. banking giant’s announcement that it will no longer invest in new oil projects in
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