As oil prices rise on market balance sentiment, the Norwegian government said oil production in April was 3 percent higher than expected. The Norwegian Petroleum Directorate published preliminary production figures Continue Reading
Norway awarded licenses to 13 oil companies as it expands into an entirely new part of the Arctic Barents Sea in an area previously disputed with Russia in a bid Continue Reading
Norway’s government boosted the amount of oil money it will spend this year, dipping deeper into its sovereign wealth fund to ward off a recession. The government in its revised Continue Reading
The Norwegian oil and gas producer said Monday the divestment includes 62,500 acres of operated properties in West Virginia with a production of about 9,300 barrels of oil equivalent a Continue Reading
Men facing the brunt of the pressure from low oil prices int the Norwegian labor pool, government data show. File photo by A.J. Sisco/UPI OSLO, Norway, April 28 (UPI) — Continue Reading
Statoil ASA reported its worst-ever adjusted earnings as crude prices fell the lowest in almost 12 years. Still, the company beat estimates for a loss as cost savings are having Continue Reading
While the oil industry continues to cut jobs, projects and costs amid low crude prices, one region is making a surprise comeback after years of declining activity, company executives and Continue Reading
The preliminary agreement by Russia, Saudi Arabia, Venezuela and Qatar to freeze output has already put a floor under crude prices and a deal this weekend to include other producers Continue Reading
Oil major Royal Dutch Shell has pulled its application from Norway’s Arctic-focused oil licensing round, the firm said on Monday, in a blow to the Nordic country’s ambitions to explore Continue Reading
Ice, extreme temperatures and a vulnerable environment are all surmountable challenges as drillers set out to hunt for oil in a new area of Norway’s Arctic Barents Sea, according to Continue Reading
