Aker Solutions predicts near 10% boost to revenues in 2019
Aker Solutions has predicted overall revenues this year will jump by nearly 10 percent from 2018 on the back of a strong order book and tendering activity.
norway
Norwegian and UK North Sea markets gradually merging
The head of a Norwegian inspection, maintenance and repair group believes that the traditionally separate markets on either side of the North Sea are gradually merging.
TechnipFMC scoops Norwegian North Sea contract with ConocoPhillips
TechnipFMC has been handed a major contract for ConocoPhillips' Tor II development in the Norwegian sector of the North Sea.
Norway is walking away from billions of barrels of oil
Western Europe’s biggest petroleum producer is falling out of love with oil.
Big Oil faces new blow in Norway as labour wobbles on Lofoten
Norway’s oil industry, already under increasing pressure from opponents of drilling, is in for a tense week.
Odfjell to hire 200 staff to support Norway growth
Odfjell Drilling will take on more than 200 employees to support the growth of its Norwegian North Sea business.
Maersk Driling hit with safety notice over 1,300kg dropped objects
Maersk Drilling has been hit with a safety notice after two stands, weighing 1,300kg each, fell on an offshore rig.
Big oil not safe in Norway despite surviving initial sell-off
The oil majors are safe from divestments from the world’s largest wealth fund -- for now.
Norway deals blow to oil industry that’s fast losing friends
The decision of the world’s largest sovereign wealth fund to reduce holdings in oil stocks wasn’t as far-reaching as the industry feared, but dealt a symbolic blow to fossil fuels that will reverberate for energy companies and their investors.
Norway’s oil and gas divestment spares biggest producers
Big Oil dodged a bullet.
Why might Norway decide to dump oil stocks from its $1tn wealth fund?
Norway will on Friday decide whether to let its $1 trillion sovereign wealth fund dump all its oil and gas stocks. Here’s what you need to know.
Oil withdrawal easy decision for Norway wealth fund
Norway will soon decide whether to let its $1 trillion sovereign wealth fund dump oil and gas stocks in order to reduce the nation’s overall exposure to crude prices.
Norwegian row over using oil cash to cover Breivik, capsized frigate bill
The richest Scandinavians are having a budget dispute involving Norway’s worst terrorist and a capsized warship.
Central Bank Governor tells Norway not to quit oil age early
The central bank chief in western Europe’s largest producer of oil and natural gas is warning his fellow Norwegians not to prematurely kill the nation’s main economic engine and source of wealth.
The curious case of Norway’s 60m barrels of missing oil
Norway has built a reputation as one of the calmest and most predictable corners of the global oil industry, but lately it’s been full of surprises.
Faroe to hand Edinburgh prospect baton over to Shell
Energy giant Shell has been lined up to take over as operator of one of the central North Sea’s largest undeveloped prospects.
Equinor, Shell and Total get permit for Norway CCS project
Norway has handed Equinor and partners Shell and Total a permit for a carbon capture and storage (CCS) project called Northern Lights.
Norway chops oil production forecast for 2019
Norway’s oil and gas regulator reduced its forecast for production this year, as crude output is set to be lower than previously expected.
Investing in Norway doesn’t have to be taxing
With recent reports of several new development plans on the horizon for Norway, the Norwegian energy industry is anticipating a promising three to four years of activity ahead. Wider areas of Norway are now being explored, including the West Barents Sea, and discoveries such as Johan Sverdrup and the extension of the Norne field by the Cape Vulture discovery, along with the Johan Castberg, will require new thinking and, in turn, attract new companies to enter the market.
Norway drugmaker loses millions after turning to oil trade
If you’re a small drugmaker with a successful diabetes treatment, but concerned you lack scale in the global market, what’s your next move? Norway’s Vistin Pharma ASA decided to hire an oil-market analyst and place large bets on the price of shipping fuels.
DNO presses Faroe for ‘transparency’ after downgrade
Norwegian firm DNO has urged its takeover target, Faroe Petroleum, to provide "transparent and timely" operations updates.
Spirit Energy gets green light for Oda development
North Sea explorer Spirit Energy has been given the green light from regulators to start up its first operated development in Norway.
Norway oil lobby predicts 16% investment jump in 2019
Norway’s oil lobby raised its forecast for investments in the country’s petroleum industry as cost cuts during a three-year downturn made projects more profitable and able to withstand even the recent slump in crude prices.
Newcomer makes a splash with appraisal victory in Barents
Var Energi today hailed its success with the Goliat West appraisal well in the Barents Sea.
More exploration well disappointment for Faroe, but sidetrack shows promise
Faroe Petroleum revealed today that its Brasse East exploration well in the Norwegian North Sea had not hit oil.