Two months after the negotiations on the annual fisheries agreement collapsed, EU and Norway on Tuesday reached a deal.

ConocoPhillips and Statoil USA E&P today announced that they have entered into a deal for Statoil to acquire a 25 percent working interest in 50 ConocoPhillips leases acquired in the Chukchi Sea federal OCS lease sale in 2008.

The Swiss-based transport and logistics major Panalpina wants a share of the Shtokman job and opens office in Murmansk.

The ecosystems in the north are more vulnerable to oil spill than the marine- and coastal nature in southern areas, a new scientific report shows.

LONDON (Dow Jones)–BP PLC (BP) would like the opportunity to expand its presence in Russia to explore for oil and gas in the country’s Arctic region, Chief Executive Tony Hayward said Thursday.

Russian and Norway are pleased with the progress in the talks on delimitation of the Barents Sea, says Russian Foreign Minister Sergey Lavrov.

An international conservation watchdog has ruled that polar bears aren’t endangered enough to need a global ban on trade that would place their hides in the same category as elephant ivory, according to ctv.ca.

Only the economically self-sufficient regions should be allowed to call themselves federal subjects, speaker in the State Duma and United Russia party leader Boris Gryzlov says. He maintains that all weak regions must be merged with stronger ones.

BP offers its High North experience and technology in order to be allowed into the Russian Arctic to explore and produce oil and gas.

Finland will invest some 20 million EUR in development of projects in cross-border regions with Russia, says Finnish Minister for Foreign Trade and Development Paavo Väyrynen.