Det Norske Oljeselskap ASA slumped to an operating loss in the first quarter on significantly lower revenue. The company reported a revenues of $ 205 (Q1 2015: USD 329) million in the first quarter.
European shipowners believe that the three priority areas of the new EU Arctic Policy Communication published by the Commission this week address all topical Arctic matters.
The High Representative for Foreign Affairs and Security Policy and the European Commission have adopted a policy proposal that will guide the actions of the European Union in the Arctic region.
Rutter Inc. announced that Viking Ice Consultancy selected the sigma S6 Ice Navigator system for installation on the Magne Viking, the first vessel to comply with
ExxonMobil said today it has started production at its Point Thomson project, the first company-operated project on Alaska’s North Slope.
Central pad facilities
While the oil industry continues to cut jobs, projects and costs amid low crude prices, one region is making a surprise comeback after years of declining activity,
China will encourage ships flying its flag to take the Northwest Passage via the Arctic Ocean, a route opened up by global warming, to cut travel times between the Atlantic and Pacific oceans,
ABB modernization to extend service of 38-year-old Canadian Coast Guard Icebreaker; upgrade includes improved connectivity and eight new drives
ABB will modernize
Oil firm Statoil is looking to a rebound in exploration activity offshore Norway in the next few years with a focus on the Arctic, having curbed activity due to the oil price slump,
The agreement covers early-phase studies, pre-engineering (FEED) work, verifications and follow-on engineering for Lundin Norway. It encompasses engineering work
China plans to make use of Arctic sea route for its shipping to shorten the distance by 30 per cent compared to the ocean passages traditionally used to connect
Russian oil producer Gazprom Neft will delay the start of commercial production at its key Novoportovskoye oilfield by around six months, two company sources told Reuters on Tuesday.
When cruise liner Crystal Serenity sets off on its 32-day expedition voyage through the Northwest Passage from Anchorage to New York August 16, she will be escorted by the RRS Ernest Shackleton.
Oil firms and trade unions in Norway made a joint call on Monday for the opening of a pristine Arctic archipelago to oil exploration as soon as possible to counter
ABB’s Azipod D will power the luxurious 10-deck discovery cruiser Scenic Eclipse to some of the world’s most remote destinations. Built to Polar Class 6 the vessel
GAC Russia has teamed up with the Far East Development Fund to address the challenges faced by international shipping companies transiting the Northern Sea Route (NSR),
April 12 in Murmansk held VI international conference on "Logistics in Arctic".
The conference was organized by the Association of contractors of the Arctic
WWF-Canada, represented by Ecojustice lawyers, is taking legal action to quash Arctic oil and gas exploration permits that continue to obstruct conservation efforts in Lancaster Sound, Nunavut.
St. Francis Xavier University announces call for applications for the Irving Shipbuilding Chair in Arctic, Marine and Security Policy
St. Francis Xavier University (StFX) in Antigonish,
An intelligent ice load monitoring system for the ships operating in ice covered waters will provide the operators a tool to handle the ships in safe but efficient ways.