Fund manager ‘deeply unhappy’ with DNO’s bid for Faroe
A top fund manager has taken a swipe at Norwegian oil firm DNO for its £444 million proposal to buy out Faroe Petroleum.
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Update: Rungne well a ‘disappointment’ for Faroe Petroleum
Aberdeen-headquartered oil firm Faroe Petroleum suffered disappointment with its latest exploration well in Norway.
Explorer Wellesley Petroleum in shift to operator
The team at Wellesley Petroleum can see a crossroads up ahead.
Wellesley Petroleum cracks awkward Grosbeak ‘puzzle’
Norwegian explorer Wellesley Petroleum said today that its latest exploration campaign had cracked an “awkward puzzle” in the North Sea.
Equinor says 25m barrel discovery proves Barents Sea’s potential
Equinor and partners have detected 12-25 million recoverable barrels of oil at the Skruis exploration well in the Johan Castberg licence.
Norway approves Chrysaor’s Grevling transaction
Norway's energy ministry has approved Chrysaor's acquisition of 15% of a licence from Okea.
Norway is plowing cash back into its wealth fund
Cash is once again flowing into the world’s biggest wealth fund.
World’s biggest wealth fund beefs up case for dumping oil stocks
Norway’s $1 trillion sovereign wealth fund is building its case for divesting its massive holdings of oil and gas stocks.
Norway approves Wintershall’s development plan for Nova
Norway has approved Wintershall's plan for developing and operating the Nova field, 75 miles north-west of Bergen.
Wood secures new contract with Wintershall
Wood has secured a new contract with German oil company Wintershall for work on the Brage offshore platform, based west of Bergen, Norway.
Phantom trader who blew hole in world’s oldest power market
For almost two decades, Einar Aas was the most successful trader on one of Europe’s largest power markets. He was also a phantom.
The $20billion contest to join the ranks of Norway’s oil elite
The race is on to become Norway’s biggest non-state oil company.
Norway poised to battle with global giants in German gas market
After supplying Europe’s biggest economy with natural gas for more than four decades, Norway is preparing to defend its share as the world’s biggest producers all vie for a larger slice of the $21 billion market.
Peterhead to Norway power connector could bring 600 local jobs during construction
An electricity superhighway planned between Peterhead and Norway could bring a 600-job boom to the area, according to plans submitted by developers.
ONS 2018: Lots of room for growth in Norway, Wood chief says
Energy service giant Wood believes there is a “lot of room for growth” in Norway and could double its headcount in the Scandinavian country in the next five years, a company boss said.
ONS 2018: Read Cased Hole poised to re-enter Norwegian market
An Aberdeen-headquartered oil well integrity firm is re-entering the market in Norway, the country of its origin.
ONS 2018: ‘Hot’ Norwegian market leads ‘cautious’ supply chain recovery, Woodmac says
Norway's offshore industry is leading the oil and gas supply chain's "cautious and gradual" recovery, an analyst has said.
‘Dominance of S-92 risky for industry’
The “risky situation” of Sikorsky S-92 helicopters dominating oil and gas travel in Norway is not sustainable, according to an industry expert.
Inside track to decommission off Norway
Unlike the common practice in the UK, licensees in the Norwegian continental shelf (NCS) do not routinely provide or have the benefit of security for the cost of decommissioning the facilities and installations used to extract oil and gas.
ONS 2018: Equinor renews BHGE pact on Norwegian rigs
Baker Hughes, a GE company (BHGE) has received a three-year extension to a subsea services agreement with Equinor offshore Norway.
Norway $1 trillion fund’s plan to dump big oil meets resistance
Norway’s $1 trillion sovereign wealth fund is meeting resistance on its plan to dump more than $40 billion in oil and gas stocks.
Decision day on $1trillion fund’s exit from oil moves closer
Norway is moving closer to deciding whether its $1 trillion wealth fund will dump all its oil and gas stocks.
Losing Lofoten would imperil Norway’s Arctic push, oil boss warns
Backing down on drilling off Norway’s Lofoten islands could also threaten the search for 16 billion barrels of oil and gas that lies beneath the Barents Sea, the country’s energy minister said.
Aker BP in £155m swoop for Norwegian assets
Oil firm Aker BP has struck a deal to buy 11 licences off Norway from French oil giant Total for £155 million.
Norway strike ends after agreement reached
Norwegian drilling workers have ended their strike action after a deal was reached with employers.