Oil and gas companies operating in Norway, western Europe’s biggest producer, cut investment forecasts further for this year and next as they continue to weather a two-year long collapse in Continue Reading
Norwegian energy company Statoil said Friday it planned to spend more than $100 million to tap into new a oil and gas discovery in the North Sea. Statoil and its Continue Reading
Norwegian energy company Statoil said it started drilling operations at a field above the Arctic Circle to prepare to rebuild area natural gas stocks. Statoil said it started drilling an Continue Reading
Oil output poised to defy predicted decline again in 2016 More efficient operations increasing output regularity: Petoro For Norway, the collapse in crude prices has a silver lining: output has Continue Reading
The Norwegian government said it gave its consent for new oil and natural gas operations offshore in the North Sea and Barents Sea, with Statoil the big winner. Statoil was Continue Reading
The Norwegian government confirmed Wednesday an oil and gas discovery was made in a North Sea area not previously known to contain hydrocarbons. The Norwegian Petroleum Directorate confirmed a discovery Continue Reading
Construction started Thursday for part of a platform that will deploy at the giant Johan Sverdrup oil field, Norwegian energy company Statoil said. Project director Kjetel Digre was on hand Continue Reading
When Dagens Næringsliv (DN) reported on Friday that the government coalition and its two support parties had reached a deal to stop the sale of petrol and diesel vehicles in Continue Reading
Oil companies in Norway, Western Europe’s largest oil exporter, expect to slash spending for the third consecutive year in 2017 as they continue to downsize, delay projects and cut costs, Continue Reading
The race to discover oil and gas in virgin Arctic waters is now on, as Norway offered oil majors a lifeline on Wednesday by opening up what experts say could Continue Reading
