Is Norway’s Oil & Gas Selloff A Mistake?
Another big step has been taken to end the hydrocarbon era, if the decision by Norway’s sovereign wealth fund to dump oil stocks and investments is a sign on the Continue Reading
Norway’s Sovereign-Wealth Fund Moves Toward Divesting From Oil, Gas Stocks
Norway’s $1 trillion sovereign-wealth fund took a major step toward selling off some of its substantial holdings in oil-and-gas companies, a move to shield the oil-rich nation from the risk Continue Reading
Production Costs Are Soaring In Norway’s Oil & Gas Industry
Oil and gas production costs on the Norwegian Continental Shelf (NCS) rose by 7 percent in 2018 compared to 2017, ending a streak of several years of continuous cost reductions, Continue Reading
Fight On Climate Change Could Accelerate Norway’s Oil Decline
Stricter global climate policies could influence Norway’s oil and gas industry and lead to a phase out of oil and gas sooner than previously expected, Oystein Olsen, the Governor of Continue Reading
Germany’s Rush To Ditch Coal Is Great News For Norway
This weekend, Germany became the latest large European economy to lay out a plan to phase out coal-fired power generation, aimed at cutting carbon emissions—a metric in which Berlin has Continue Reading
Norway’s December oil output misses forecast
Norway’s oil production fell by 2.1 percent year-on-year in December and lagged the Petroleum Directorate’s forecast for the month by 2.5 percent amid technical problems at some offshore fields, the Continue Reading
Norway’s Northernmost Discovery Could Begin Pumping Oil In 2026
OMV, the operator of the northernmost oil discovery offshore Norway—Wisting in the Barents Sea—could begin production in 2026, the Senior Vice President of OMV’s Norwegian unit, Knut Mauseth, told Reuters Continue Reading
Norway ready to claim share of any Russian Arctic oil and gas finds
Norway will step up preparations to claim its share of oil and gas resources if Russia finds petroleum on its side of a border in the Barents Sea, the head Continue Reading
Norway cuts 2019 oil and gas output forecasts
Norway’s 2019 oil and gas output will be smaller than previously forecast and reach its lowest level in three decades, the Norwegian Petroleum Directorate (NPD) said on Thursday. Western Europe’s Continue Reading
Norway’s electric cars zip to new record: almost a third of all sales
Almost a third of new cars sold in Norway last year were pure electric, a new world record as the country strives to end sales of fossil-fueled vehicles by 2025. Continue Reading