Norway’s prime minister, finance minister and central bank governor are holding an extraordinary meeting to assess just how bad the deepening plunge in the price of oil will be for Continue Reading
Norway’s Statoil AS STO -0.34 % A said Tuesday it had almost halved the planned capital expenditure at the delayed Johan Castberg oil field in the Barents Sea to around Continue Reading
Statoil ASA and partners have cut costs to develop the giant Norwegian Johan Sverdrup oilfield by more than 10 percent as a devaluation sweeps through the offshore industry of western Continue Reading
Norwegian energy company Statoil said it awarded contracts worth an estimated $1.2 billion for work on the country’s continental shelf. Statoil awarded long-term contracts to field services companies Beerenberg Corp. Continue Reading
Rig company Transocean said a contract for rig work in the deep waters of the U.S. Gulf of Mexico was cancelled by Norwegian energy company Statoil. Total revenues for the Continue Reading
Dolphin Group ASA, a Norwegian seismic surveyor that maps the seabed for oil and gas reservoirs, filed for bankruptcy as the collapse in crude prices claimed another victim. The Oslo-based Continue Reading
Norwegian energy company DNO became the latest company to confirm payments from the Kurdish government of Iraq for crude oil exports. DNO shares $30 million with its partners at Genel Continue Reading
Norwegian businesses expect to cut production as they struggle to cope with slumping oil prices and falling investments, according to the central bank’s regional network report. An indicator for aggregated Continue Reading
Italian energy company Snam said it bought Statoil’s stake in the planned Trans Adriatic gas pipeline, billed as a near-panacea for European diversification. For total consideration of $220 million , Continue Reading
The start of commercial oil production from the Edvard Grieg field in the North Sea could be transformational, operator Lundin Petroleum said. Commercial production started Saturday. The company discovered the Continue Reading
