Despite protests, Statoil is once again drilling in the Arctic in the Barents Sea,, report several media. "Now we will test what could end up creating the next chapter in Norway's oil narrative," says Jez Averty, Head of Statoil's activities on the Norwegian and UK shelves.
Two committees in the EU Parliament are now pushing for the Parliament to ban sailing on heavy fuel in the Arctic in line with the out-phasing of the fuel implemented by Canada and the US. NGOs praise the initiative.
Freight volumes through the Northern Sea Route during the ice-free period took a dive in 2015, but for Arctic pioneer Nordic Bulk Carriers, the route continues to be an important part of its business, CEO tells ShippingWatch.
Greek Dynagas and the two Chinese companies Sinotrans and China Merchants Energy Shipping are allegedly preparing a joint venture aimed at LNG. The three partners will transport Arctic LNG from Russia's Yamal project.