A Chinese shipping firm is planning the country’s first commercial voyage through the Northern Sea Route, summer 2013.By 2020 as much as 15 percent of the country’s international trade can be shipped through the Arctic, reports the Barents Observer…
Norway-based TGS will commence the Europe 2013 acquisition season with two 3D multi-client surveys in the Norwegian Barents Sea.The two surveys, both supported by industry funding, involve the Finnmark Platform 2013 (FP13) covering 3,500 km2 and the Hoop to Fingerdjupet 2013 (HF13) covering 8…
Norwegian Ministry of Defense approves sale of Olavsvern naval base outside Tromsø.The sale is to the investor group Triko AS which includes Odfjell Drilling, PSW Rig Service and in cooperation with Petro Support Group will create a service center for the offshore petroleum industry…
The Norwegian Petroleum Directorate’s (NPD’s) mapping of the southeastern Barents Sea and the area surrounding Jan Mayen shows 15% increase.The increase will result in an approximate increase of 15 per cent in the estimates of undiscovered…
Russia to patrol the Arctic on a regular basis, overflying international waters above the Arctic Ocean & along the Northern Sea Route. Russia will now be patrolling the Arctic on a regular basis. The aircraft take off from Northern Fleet airbases in the Murmansk and Vologda regions…
IOS InterMoor AS, an Acteon company, contracted by Eni Norge to provide two complete mooring spreads in the Goliat Oilfield.The contract is for the provision of general mooring equipment services, including equipment rental, service and repair…
Statoil and its partners have chosen a development concept for the Skrugard field in the Barents Sea.The concept includes a floating production unit with a pipeline to shore and a terminal for oil from the Skrugard field at Veidnes outside Honningsvåg in Finnmark…
Still no Arctic offshore oil from the Prirazlomnaya platform, but Russia keeps the position as the world’s largest oil producer.Prirazlomnaya field in the eastern Barents Sea was supposed to be the first operating offshore oil production…
Gazprom successfully completes world’s first LNG supply via Northern Sea Route in the 'Ob River' carrier.The carrier left the Port of Hammerfest (Norway) to arrive at the regasification terminal in the Port of Tobata (Japan) delivering a Gazprom Group-owned LNG cargo to Japanese consumers…
University of Stavanger (UiS) is active in teaching, research and finding solutions for developing fields in areas with Arctic conditions. The northward shift of Norway’s oil industry means it must adjust to temperatures down to -30°C, storms…
46 vessels have transited through Northern Sea Route as this year's navigation season comes to an end.Never before have so many vessels used the Northern Sea Route for cargo transport between Europe and Asia. and never before has so much cargo been transported along the route…
Norsafe received orders worth NOK 400-million (US$ 45.3-million) over the course of October 2012, & backlog at record height.'It is Norsafe’s newly developed GES50 MKIII freefall lifeboat which accounts for the bulk of these orders,' says CEO Geir Skaala…
Russia's Baltic Shipyard starts construction of the first LK-60 nuclear-powered icebreaker.The LK-60 will be the largest and most powerful icebreaker ever built, making commercial traffic along the Northern Sea Route possible all year around…
Working in the Barents Sea must be as safe as elsewhere Norway's Petroleum Safety Agency (PSA) makes clear.The petroleum sector faces special challenges as it moves northwards, and the question is whether emergency preparedness, knowledge and technology are sufficient to meet them…
Statoil's (OSE:STL, NYSE:STO) third quarter 2012 net operating income was NOK 40.9 billion, a 4% increase compared to NOK 39.3 billion in the third quarter of 2011.'Statoil delivered solid financial results in the quarter. By ramping up new fields…
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