The petroleum component of the Norwegian economy contributed to first quarter growth after a drop off in the fourth quarter, the government said. Statistics Norway, the government’s record-keeping office, reported Continue Reading
The ticker symbol for Norwegian energy major Statoil, STL, leaves the market this week when the company officially changes its name to Equinor, it said Monday. A vote is expected Continue Reading
Norway’s Statoil said it aims to cut its carbon footprint more aggressively as measures to reduce global warming could reduce the value of its assets, leaving some of its reserves Continue Reading
Norwegian energy company Statoil explains sale of non-core assets in the North Sea as part of an effort to focus on greener options. After reporting first quarter earnings below analyst Continue Reading
Average annual Norwegian wellhead C&C production dropped 1.5% in 2017, from 1709 kbpd (625 mmbbls total) to 1682 kbpd (614 mmbbls total). Wellhead gas (which includes fuel gas, flaring and Continue Reading
Norway’s sovereign wealth fund, built on the back of the country’s oil wealth and the biggest in the world, reported its first quarterly loss in two years for January to Continue Reading
Norwegian state-controlled Statoil on Wednesday posted a strong operational first quarter, lifted by record overseas production and higher oil and gas prices, and predicted that total petroleum output for the Continue Reading
Aluminum maker Norsk Hydro may declare force majeure on contracts it has with Russia’s United Company Rusal due to U.S. sanctions, the Norwegian company said on Friday. The price of Continue Reading
Technical problems were to blame for a drop in average daily oil production from Norway, one of Europe’s main suppliers, the government said. The National Petroleum Directorate, the nation’s energy Continue Reading
When Statoil struck oil in what is now the Johan Castberg field back in 2011, nobody expected that just three years later, oil prices would plummet and the Norwegian energy Continue Reading
