News on Arctic.

Rosneft finds first oil in the Arctic

Russia's oil company has discovered first oil in the eastern part of the Arctic region. The company is now working to estimate the scope of the new oil field.

Statoil back drilling in the Arctic

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.

Nordic Bulk has plenty of appetite for the Arctic

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.

Chinese-Greek LNG venture could be underway

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.

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