Category: Norway

OSLO (Reuters) – Norwegian oil companies and their suppliers will hire more people in the coming years as the industry recovers from a slump and the price of crude rises, Continue Reading

Supermajors are shunning Arctic oil exploration in Norway, or at least that’s the overwhelming feeling after the last licensing round conducted by the Norwegian Petroleum Directorate in early December. Eleven Continue Reading

Following a discouraging 2017 Arctic exploration campaign, oil companies plan to nearly double exploration drilling offshore Norway with a focus on more mature areas of the Norwegian Continental Shelf (NCS), Continue Reading

An estimated $1 billion in contracts will be awarded now that a plan for enhancing the 200 million-barrel Snorre field is on the table, Norway’s Statoil said. The Norwegian Petroleum Continue Reading

The demise of the North Sea doesn’t necessarily mean the end of Norway’s petroleum era—far from it. Still, despite significant reserves in the Barents Sea, Norway is about to embark Continue Reading

Lower industry prices, an improved global economic outlook and higher oil prices suggest a period of decline in petroleum investments is over, Norway said. Norway holds the largest crude oil Continue Reading

An oil fund without oil. The divestment of all petroleum companies would be a momentous change for Norway’s huge $1tn investment fund, itself fuelled by the country’s oil and gas Continue Reading

By cutting the break-even cost by more than half, Norwegian major Statoil said it’s decided on a development plan for the mega Johan Castberg oil field. Johan Castberg is located Continue Reading

Statoil gave the final go-ahead to a flagship Arctic oil project after slashing costs by half. (Bloomberg) — Statoil ASA gave the final go-ahead to a flagship Arctic oil project Continue Reading