Norway’s Statoil will continue to drill for oil in the Arctic Barents Sea next year even though its 2017 campaign was mostly disappointing, the company’s head of exploration told Reuters Continue Reading
Oil lobby, biggest energy union see domestic industry unharmed Norway’s sovereign wealth fund said it wants out of oil Can Norway dump $35 billion in oil and gas investments, and Continue Reading
Norway’s oil major Statoil plans to significantly step up its exploration drilling for oil and gas on the Norwegian Continental Shelf in 2018, a spokesman told Reuters on Friday. “We Continue Reading
Fund wants to protect Norway’s economy from oil price risk Government says will conclude assessment in ‘fall of 2018’ The $1 trillion fund that Norway has amassed pumping oil and Continue Reading
Short-term trends for UK oil and gas production and, to a lesser extent, Norway can be rendered a bit meaningless by seasonal impacts from summer maintenance turn-arounds and cyclic gas Continue Reading
The chief executive of Norway’s biggest oil company refused to give up on oil exploration in the country’s Arctic despite another disappointing drilling campaign this year. Eldar Saetre, Statoil’s chief Continue Reading
When crude oil demand will peak is anyone’s guess. Forecasts vary widely. Wood Mackenzie says that peak demand is “very real,” and sees a decline of 4 million bpd between Continue Reading
Preliminary production figures for Norway were lower than expected, but still higher than last year, based on preliminary data. Photo courtesy of Aker BP Oct. 19 (UPI) — Oil production Continue Reading
The government of the global leader in EVs adoption, Norway, proposed on Thursday to trim some of the tax breaks for the heaviest electric vehicles (EVs) in a move that—if Continue Reading
Norwegian energy major Statoil will start using liquefied natural gas as a maritime fuel at the port of Rotterdam by the next decade, a French gas company said. French energy Continue Reading
New drilling has started in a prospect in the Norwegian waters of the Barents Sea near one of the region’s larger discoveries, Lundin Petroleum said. Lundin’s subsidiary in Norway said Continue Reading
The Norwegian government said Tuesday it confirmed a discovery of oil and gas in the North Sea but said efforts to find new reserves in untested waters failed. The Norwegian Continue Reading
Norwegian energy company Statoil said Monday it was leading a partnership aimed at advancing Paris climate efforts through carbon capture and storage. Statoil said it would lead a project alongside Continue Reading
Lundin Norway AS, operator of a production license in the Barents Sea, has found no oil or gas in a wildcat well it has drilled, the Norwegian Petroleum Directorate (NPD) Continue Reading
A six-meter, 2.4-ton model of the final design of the autonomous and fully electric container vessel Yara Birkeland ( earlier post ) was revealed as testing commenced at SINTEF Ocean’s Continue Reading
After reaching its climate targets ahead of schedule, Norwegian energy company Statoil said it was raising the bar for cutting its emissions. The Norwegian energy company, one of the more Continue Reading
The Conservative ruling party of Norway yesterday won re-election for the first time since 1985, in a vote where oil policies took center stage, as befits Europe’s largest oil and Continue Reading
Norwegian energy company Statoil said the coast to develop the first half of its mega Johan Sverdrup oil field went down by about 5 percent. Johan Sverdrup is one of Continue Reading
The future of Norway’s oil sector is emerging as a key issue for voters in a Sept. 11 parliamentary election. STAVANGER, Norway, Aug 31 (Reuters) – The future of Norway’s Continue Reading
Norwegian oil production peaked in 2000 to 2001; gas production may be peaking about now. Oil hit a low in 2013 and then recovered towards a new local peak, probably Continue Reading
Oil major Statoil’s highly anticipated Korpfjell prospect in the Arctic Barents Sea contained only non-commercial quantities of natural gas, and no oil, the company announced on Tuesday. Korpfjell was the Continue Reading
Norway’s Statoil marks a debut of sorts with a partnership in a shale basin in Argentina, one of the largest in the world. Map courtesy of Statol Aug. 25 (UPI) Continue Reading
Western Europe’s biggest oil and gas producer, Norway, is also one of the countries that is most self-congratulatory on its climate action, electric cars sales, and green policies. One of Continue Reading
Norwegian energy company Statoil finds only small amounts of gas after looking to build up its oil portfolio in the Barents Sea. Image courtesy Statoil Aug. 7 (UPI) — Norwegian Continue Reading
Norway’s oil industry has been salivating for years over the Arctic Lofoten islands, which could hold billions of barrels of crude. It will likely have to keep dreaming. The general Continue Reading
Offshore drilling contractor Seadrill again delayed restructuring its $14 billion in debt and liabilities on Wednesday and reiterated that Chapter 11 bankruptcy was likely. Once the biggest offshore rig firm Continue Reading
The giant gas field that holds around 40 percent of total gas reserves on the Norwegian Continental Shelf (NCS) is set to produce a record amount of gas this year, Continue Reading
Norwegian energy company DNO said there’s been a steady string of financial support for its operations in the Kurdish north of Iraq. Photo courtesy of DNO July 10 (UPI) — Continue Reading
Arctic drilling may become unprofitable for Norway if oil prices continue to fall, says a new report looking into the best and worst scenarios for this new frontier in the Continue Reading
More natural gas is expected to come out of the Norwegian Sea within the next two years or so, Norwegian energy company Statoil said Thursday. Statoil said it’s agreed on Continue Reading
Norwegian energy company Statoil said Monday it expected some economic spillovers would come from support centers for its Johan Castberg field. The company said the northern port city of Hammerfest, Continue Reading
Crude oil production from Norway, the region’s top supplier, was better than expected, a national energy regulator said Wednesday. Norway is a main oil and natural gas supplier for the Continue Reading
5 Norwegian oil and gas fields will shut down production unless a wage deal is agreed with the Lederne trade union, an industry lobby group says. OSLO, June 9 (Reuters) Continue Reading
The estimated amount of undiscovered oil and gas in the Norwegian waters of the Barents Sea is likely twice what was previously assumed, the government said. Apart from Russia, Norway Continue Reading
The Norwegian Petroleum Directorate (NPD) said on Tuesday that its latest estimates show that the undiscovered oil and gas resources in the Barents Sea are twice as large as previously Continue Reading
Grade’s premium to Dubai oil has lowest close in seven years Smaller gap makes Brent more attractive to Asian refineries North Sea oil is flooding into Asia like never before Continue Reading
Norwegian government says there’s more oil than initially estimated in the Edvard Grieg field in the North Sea. Map courtesy of the Norwegian Petroleum Directorate. April 24 (UPI) — Results Continue Reading
Norway’s Statoil on Monday played down concerns that drilling in the Arctic is risky, days before it kickstarts its drilling campaign in the Barents Sea, where the country believes around Continue Reading
Most industrial managers expressed optimism about the pace of the economy, though oil and gas suppliers were less convinced, Norway’s government said. Norway is a leading oil and gas supplier Continue Reading
Norwegian energy company Statoil can spend the next month or so drilling an exploration well in a prospect in the Barents Sea, the government said. “Statoil is the operator for Continue Reading
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
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 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
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
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’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
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’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 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
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
