Consent is given to energy company Statoil to start drilling an appraisal well in the Johan Sverdrup oil field in the North Sea, the Norwegian government said. The Petroleum Safety Continue Reading
Swedish energy company Lundin Petroleum said Tuesday it made an oil and gas discovery in a frontier area near an existing field in the Barents Sea. The company’s Norwegian subsidiary Continue Reading
Oil and gas companies in Norway cut spending forecasts for 2017, deepening what was already a record reduction in offshore investment. The companies expect to invest 147 billion kroner ($17.2 Continue Reading
As one oil major after the other considers leaving Norway, the alarm bells are sounding at the country’s Petroleum and Energy Ministry. Officials warned companies this month that they could Continue Reading
3 of 4 offshore rigs may be idled by end of 2017: Henriksen Offshore suppliers seen facing at least 2-3 more years of pain The offshore fleet tending to Norway’s Continue Reading
December flow set to increase to 2.16 million barrels a day U.K.’s Forties field, Norway’s Grane crude driving surge Oil producers in the North Sea, home to one of the Continue Reading
Patience is paying off for an oil reserve area discovered 30 years ago that’s now ready to deliver for Norway at a lower cost, energy major Statoil said. The Norwegian Continue Reading
The company logo of Statoil is seen during a company results presentation in London February 6, 2015. Statoil and partners will invest 5.5 billion Norwegian crowns ($665.51 million) in the Continue Reading
Statoil ASA, the first of the major oil producers to report third-quarter earnings, posted an unexpected loss for a second quarter in a row as maintenance and exploration expenses compounded Continue Reading
Environmental group Greenpeace said Tuesday it filed a lawsuit against the Norwegian government for giving energy companies consent to drill in Arctic waters. The group’s Norwegian branch and regional advocate Continue Reading
