Equinor drills dry well in Norwegian Arctic area
OSLO (Reuters) – Equinor has drilled a dry well near its Korpfjell gas find in the Norwegian Arctic, the Norwegian Petroleum Directorate said on Monday, in an area near the Continue Reading
Norway’s Sovereign-Wealth Fund Boosts Renewable Energy, Divests Fossil Fuels
Norway’s sovereign-wealth fund is embracing renewable energy and winding down fossil-fuel investments. The Scandinavian nation’s parliament voted on Wednesday to instruct its $1 trillion fund to pull an estimated more Continue Reading
Norway fund may have to offload $1 billion stake in Glencore in shift away from coal
Norway’s $1 trillion sovereign wealth fund may have to sell its $1 billion stake in commodities giant Glencore, among other companies that derive more than 30 percent of their revenue Continue Reading
Norwegian offshore oil, gas strike averted with last-minute agreement
A strike by Norwegian offshore oil and gas managers that could have cut output by as much as 440,000 b/d of oil equivalent was averted early Tuesday thanks to a Continue Reading
Norway’s oil industry eyes 17% growth in 2019 investments
Oil and gas companies working in Norway have hiked their 2019 and 2020 investment forecasts as they add more field development plans, a survey by the country’s statistics agency (SSB) Continue Reading
Norwegian Oil Output Set To Fall To Lowest Level In Three Decades
Norway’s crude oil production slipped to 1.38 million bpd in April from 1.387 in March and 1.531 million bpd a year ago, the Norwegian Petroleum Directorate reported this week. The Continue Reading
Equinor oil output drops 9% in Q1 as hopes pinned on Johan Sverdrup
State-controlled Equinor reported a 9% year-on-year drop in its Norwegian oil output for the first quarter on Friday, suggesting continued problems and steep natural decline at currently producing fields ahead Continue Reading
Norway’s $1-Trillion Oil Fund Has Best Quarter Ever On Rising Crude Prices
The world’s largest sovereign wealth fund—Norway’s US$1-trillion fund that has amassed its wealth from oil—earned US$84 billion in Q1 in the “strongest quarter ever”, boosted by technology and oil and Continue Reading
Environmental activists board Equinor rig set to drill in Arctic
Greenpeace activists on Monday climbed aboard a Seadrill drilling rig commissioned by Equinor in protest against oil and gas drilling in the Norwegian Arctic, the group told Reuters. Four activists Continue Reading
The World’s Most Unorthodox Oil Nation
In what seemed like an episode of the Norwegian television drama Occupied , Norway’s largest political party joined smaller ones in the nation’s parliament to prevent oil exploration in the Continue Reading