An ambiguous threat of widespread strikes in the oilfield services sector has caused Aker Solutions and Kvaerner to seek out labor leaders to potentially quell the demands of disgruntled workers, Continue Reading
Total announced on Thursday the closing of the US$7.5-billion acquisition of Denmark’s Maersk Oil that adds 1 billion barrels of oil equivalent reserves and resources to the French oil major’s Continue Reading
Exports of Norwegian gas by pipeline to the Europe slipped last month to a four-year low for the month of February, with flows totaling 9.09 Bcm, according to data from Continue Reading
Three new wells are planned as part of a multi-million-dollar drilling campaign that includes testing a new oil discovery made in British waters, Statoil said. Nearly $40 million in drilling Continue Reading
A quarter of a billion dollars in development contracts puts the Nova field in the Norwegian waters of the North Sea closer to production, Wintershall said. The Norwegian subsidiary of Continue Reading
Norway’s $1 trillion sovereign wealth fund, the world’s largest, will generally shun investments in energy sources such as coal that are unlikely to be needed in a future low-carbon society, Continue Reading
Once production starts from the Johan Sverdrup oil field in the North Sea, it could be a component of the basket of oils that make up Brent, Platts reported. Norwegian Continue Reading
“The number of licenses is the highest ever awarded in a licensing round on the Norwegian continental shelf. Access to new, prospective exploration acreage is a central pillar in the Continue Reading
Just over a year ago we noted that, after being forced to withdraw at least $15 billion to fund 2017 budget deficits, the $860 billion Norwegian sovereign wealth fund announced Continue Reading
After a disappointing year for drillers, Norwegian authorities are reviewing their hopes. (Bloomberg) — After a disappointing year for drillers, Norwegian authorities are reviewing their hopes for the Nordic country’s Continue Reading
