Norwegian company envisions wind energy role for oil production
A Norwegian energy company said it was moving to the next phase of testing for a project that would use wind power to facilitate offshore oil production. DNV GL is Continue Reading
Norway issues new drilling permits for North and Barents Seas
The government of Norway, one of the largest oil and gas exporters to Europe, said Friday it signed off on new drilling permits in its territorial waters. Norwegian energy company Continue Reading
Seadrill in a Free Fall Seen Left to Day Traders as Hope Fades
Seadrill Ltd. , once the crown jewel of billionaire John Fredriksen’s business empire, is at the mercy of short-term speculators as the biggest funds shun the offshore driller amid a Continue Reading
Norway’s Statoil top bidder for U.S. offshore licenses
As one of the companies with the largest take in a U.S. offshore auction, Norway’s Statoil said it reset its Gulf of Mexico position as the market improves. Statoil was Continue Reading
Statoil ‘resets’ exploration in U.S. Gulf of Mexico
Norway’s Statoil has “reset” its exploration campaign in the U.S. Gulf of Mexico by placing top bids for 13 offshore deepwater oil and gas leases there in the latest auction, Continue Reading
Norway Buries Oil-Tax Incentives as Crude Crisis Fades
Norway’s government won’t propose any tax incentives for oil companies to boost recovery at aging fields and marginal offshore discoveries before parliamentary elections later this year. “There are no planned Continue Reading
Norwegian transport sector tapped for fast-charging EV stations
A German utility company said it was launching a collaborative effort to develop ultra-fast charging stations for electric vehicles across Norway. German company E.ON said it was working through partnership Continue Reading
Norway extends permits for Norwegian and North Sea drilling
Norway’s government pushed forward on expanding oil and gas exploration on the continental shelf Friday with new permits for the North and Norwegian Seas. The Petroleum Safety Authority said Friday Continue Reading
Rig company Seadrill teeters on the brink
Rig company Seadrill Ltd., based in Norway, said it was looking at restructuring options after noting it didn’t expect improvements in lease rates this year. Energy companies are spending more Continue Reading
Exxon extends life of Norwegian gas field
Consent was given to Exxon Mobil to extend the life of a natural gas field in the North Sea because of new production calculations, Norway’s government said. Exxon started production Continue Reading