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.
Norway is moving closer to deciding whether its $1 trillion wealth fund will dump all its oil and gas stocks.
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.
Oil firm Aker BP has struck a deal to buy 11 licences off Norway from French oil giant Total for £155 million.
Norwegian drilling workers have ended their strike action after a deal was reached with employers.
A strike curtailed oil production off Norway for the first time in six years as Royal Dutch Shell Plc shut a North Sea field and workers threatened to escalate labor action at the weekend.
Shell has drilled a dry well near the Knarr field in the Norwegian North Sea.
Equinor today filed its £700-million-plus plans for further developing the huge Troll field off Norway.
Neptune Energy Group has clinched a deal to buy Norwegian oil and gas producer VNG Norge.
Spirit Energy is preparing to develop the Fogelberg discovery after an appraisal well showed it contains between 40-90 million barrels of oil equivalent.
A union for Norwegian oil and gas rig workers has threatened potential summer stikes in response to the rejection of a proposed pay deal.
Contractor Akofs Offshore will provide well intervention services for Equinor as part of a five-year deal worth about £275 million.
Shell has been granted consent to drill an exploration well in the Norwegian section of the North Sea.
Semco Maritime will upgrade a floatel ahead of its posting to the UK North Sea for a job with Total subsidiary Maersk Oil.
Norwegian energy giant Equinor and its project partners have agreed to stump up £175 million for another three wells on the Fram field.
Norway’s $1 trillion sovereign wealth fund cleared a hurdle on its proposed path to exiting oil and gas stocks.
About a year ago, the Nordic region’s biggest lender warned of a “green bloodbath” among wind companies. Now, developers are discussing new investments rather than potential bankruptcies.
Wintershall has handed in its plan for developing the North Sea Nova field at a cost of £900million.
Equinor, formerly Statoil, has awarded Aker Solutions a £91million for the supply of a module for the Troll A platform.
Europe is facing power generation capacity shortages and may even risk blackouts without additional use of natural gas, one of the continent’s biggest producers of the fuel said.
Norway has opened a new licensing round focusing on blocks in the North Sea, the Norwegian Sea and the Barents Sea.
Norwegian oil service company Aibel has won a contract worth £115million for upgrading the Njord Bravo storage and offloading vessel.
Italian oil giant Eni said today that a fire had broken out in the sauna on its Goliat oil rig off Norway.
Sweeping strikes have been averted in Norway after trade unions struck a new pay deal with employers, news reports said.
Spirit Energy has discovered a small amount of oil near the Gjoa field in the Norwegian North Sea.
Norway’s oil industry has one more thing to worry about.