Electricity prices in parts of Norway fell below zero for the second time in history early on Monday, and residents in southern Norway ‘got paid’ for using electricity as power Continue Reading
The giant Johan Sverdrup oilfield in Norway’s North Sea is expected to increase its oil production this quarter after the Norwegian government raised the Q4 production permits for Western Europe’s Continue Reading
Oil and gas operators are expected to drill around 30 exploration wells offshore Norway this year—just half the number of exploration wells from last year and the lowest number in Continue Reading
A Norwegian offshore managers’ union agreed Oct. 9 to immediately end a 10-day strike thought to have reduced the country’s oil and gas production by around 8%, after successful mediation Continue Reading
Six Norwegian offshore oil and gas fields were shut on Monday as more workers joined a strike over pay, companies and union officials said. The strike will cut Norway’s total Continue Reading
Around 330,000 barrels of oil equivalent per day (boepd), or 8 percent of Norway’s oil and gas production, would be affected after a Norwegian workers’ union steps up a strike Continue Reading
Environmental campaigners and analysts are criticizing Norway’s plan to open new areas for oil drilling in the Arctic, saying that operations could threaten pristine areas and wildlife and potentially strain Continue Reading
The investment firm, a unit of insurer Storebrand ASA with around $91 billion under management, said Monday it sold off more than $47 million in 21 companies and excluded another Continue Reading
Western Europe’s largest oil producer, Norway, which is not officially part of the OPEC+ coalition, is cutting its oil production because of the slump in demand and prices and is Continue Reading
Norway’s oil major Equinor announced on Monday that its incoming chief executive Anders Opedal – who will replace retiring Eldar Sætre in November – has a mandate from the board Continue Reading
Norway may not officially be part of the OPEC+ alliance to curb oil supply in the face of the coronavirus pandemic, but next month it looks like the Scandinavian country Continue Reading
Norway’s Equinor sees the development of blue hydrogen — fuel produced from natural gas in combination with carbon capture and storage — as currently more worthy of pursuing than green Continue Reading
Norway’s Equinor expects the startup of its flagship Barents Sea oil project, Johan Castberg, to be delayed into 2023 as the coronavirus pandemic holds up work across the construction yards Continue Reading
Perched between Norway’s two longest fjords, Bergen might appear an unlikely place to glimpse the possible future of transport. But close to one in five cars in Norway’s second city Continue Reading
Norway sees oil and gas activity picking up after the market turmoil and the health crisis earlier this year, the Norwegian Petroleum Directorate (NPD) said in its first-half activity report Continue Reading
A new innovation center in Norway aims to find alternative and cost-efficient solutions aimed at reducing the huge US$100 billion decommissioning cost that the North Sea operators and countries face, Continue Reading
Norway’s Equinor said July 1 it is leading a project in the UK to develop one of the world’s first “at-scale” facilities to produce hydrogen from natural gas in combination Continue Reading
Low-cost carrier Norwegian Air Shuttle said Tuesday it has cancelled its 97 outstanding orders for planes from U.S. manufacturer Boeing. Norwegian said in a statement it had terminated the purchase Continue Reading
A $10-billion tax deferral plan proposed by the Norwegian government has prompted two oil industry executives to voice concern that it would do nothing to support the sustainability of the Continue Reading
Norway, Europe’s largest oil producer, will cut production by 250,000 b/d in June and by 134,000 b/d in the second half of the year as part of a broad international Continue Reading
Norway could discuss reducing its oil production if the world’s major producers reach a deal on significantly cutting global oil production, Tina Bru, Minister for Petroleum and Energy of Western Continue Reading
ion in oil markets and would be willing to participate in production cuts as part of a “broad” international effort, Petroleum and Energy Minister Tina Bru said Saturday. The announcement Continue Reading
Norway’s state-controlled Equinor on Monday raised the expected ‘plateau production’ target for the first phase of its Johan Sverdrup field to 470,000 b/d, from 440,000 b/d previously, and said it Continue Reading
For years after northern Finland’s largest printing plant blanketed its facility’s eight roofs with solar panels, the curious beat a path to the extraordinary spectacle. There were skeptics who doubted Continue Reading
Norwegian wholesaler Asko is among the first to operate a goods vehicle that runs on hydrogen, thanks to a collaborative effort by research scientists and industry. SINTEF, one of Europe’s Continue Reading
Norway’s oil production surged by nearly 100,000 b/d in December, to 2.08 million b/d, as the Johan Sverdrup field propelled a significant recovery in the country’s output, data from the Continue Reading
The start-up of the massive Johan Sverdrup oilfield sent Norway’s oil production rising to a nine-year high in December 2019, beating the authorities’ forecast by 12.7 percent, data from the Continue Reading
One of the most active companies on the Norwegian Continental Shelf, Lundin Petroleum, said on Monday that it had revised downwards its resource estimate for a recent discovery in the Continue Reading
Western Norway is experiencing a rare heatwave for early January, at a time when temperatures should normally be below freezing. The highest temperature of 19C (66F) – more than 25C above Continue Reading
In the middle of the North Sea, four metal platforms perched on yellow supports and weighing 100,000 tonnes sit above more than $1oobn of black gold. The Johan Sverdrup field, located Continue Reading
The largest party in Norway ’s parliament has delivered a significant blow to the country’s huge oil industry after withdrawing support for explorative drilling off the Lofoten islands in the Continue Reading
Norway’s giant Johan Sverdrup oil field is producing at rates “well above” 300,000 b/d, state-controlled Equinor said Tuesday, as official data showed the country’s oil output starting to recover. In Continue Reading
Norway’s Johan Sverdrup oil field is ramping up production to levels not seen in years in the North Sea. It is one of many changes underway in an industry characterized Continue Reading
Norway saw the highest number of oil and gas discoveries in the third quarter, with six out of the 38 oil and natural gas finds made around the world, data Continue Reading
Production from the giant oil field Johan Sverdrup in Norway’s North Sea has reached a rate of above 200,000 barrels per oil per day, less than three weeks after start-up, Continue Reading
Public opposition has forced the Norwegian government to scrap plans for large-scale onshore wind power development, Recharge News reports . The outlet quoted a statement from the Norwegian Water Resources Continue Reading
Norway’s oil and gas major Equinor—which provides around 25 percent of the European Union’s (EU) natural gas demand—aims to play a more active role in selling its natural gas on Continue Reading
Exxon Mobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a company spokesman told business daily Dagens Naeringsliv. Two years Continue Reading
Norway proposes to open two new areas in the North Sea with the potential to hold installed capacity of up to 3.5 gigawatts (GW) of offshore wind, as Western Europe’s Continue Reading
Norway will be increasingly tempted to fund carbon emission cuts abroad instead of reining in its own greenhouse gas emissions in order to reach its ambitious 2030 climate goals, a Continue Reading
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 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’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
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
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
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
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
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
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
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
