Repsol hands in new plan for Yme field
Spanish oil firm Repsol has submitted a revised development plan for the Yme field to the Norwegian Government.
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VNG submits £910m Fenja field development plan
German oil firm VNG has submitted a development plan for the Fenja field in the Norwegian Sea to the government.
Subsea 7 bags tie-back deals for Aker BP projects
Energy service firm Subsea 7 has netted two contracts with Aker BP for projects in the Norwegian North Sea.
Aker Solutions wins £270m contract with Statoil
Energy service firm Aker Solutions has tied up an agreement to provide subsea services for Statoil-operated fields off Norway.
Aker BP hands Subsea 7 Aerfugl contract
Oilfield service firm Subsea 7 said today that it had clinched a deal to work on the tie-back from the Aerfugl gas field off Norway.
Aker Solutions picked for Aerfugl subsea job
Norwegian energy service firm Aker Solutions will provide the subsea production system for the first phase of the Aerfugl gas development off Norway.
CHC to provide copters for Centrica in Norway
Centrica has picked CHC as its helicopter service provider for a drilling campaign in the Norwegian Sea.
Aker BP sells 10% of Valhall, Hod
Norwegian oil firm Aker BP has agreed to sell 10% interests in the Valhall and Hod fields to Oslo-based Pandion Energy for an undisclosed fee.
Language barrier leading to hazardous situations in Norway’s oil industry
Norway’s offshore safety body has issued a firm reminder that Norwegian language should take priority in its offshore industry.
Norway shows how not to run a sovereign wealth fund
Norway’s $1 trillion sovereign wealth fund, which recently announced its intention to remove all oil and gas stocks from its benchmark, has the potential to be the world’s pre-eminent investor. It enjoys more freedom than any other investor in the world, at least on paper. So why is it such a performance laggard, trailing the best-in-class sovereign wealth funds and pension funds it should be leading? The answer offers a cautionary tale to other sovereign funds and pension funds.
Exploration drill under way on Aerosmith well
Aberdeen-based Faroe Petroleum said today that exploration drilling had started on one of its interests in the Norwegian Sea.
‘Brand decom’ emerging in North Sea, Esson says
A decommissioning expert has said there are clear signs that “brand decom” is emerging as work spreads the length of the UK east coast.
Wintershall cleared for wildcat well off Norway
Norway has given Wintershall the go-ahead to drill a wildcat well off Norway. North Atlantic Drilling’s West Phoenix rig will be used to drill the well, about 120 kilometres southwest of the Aasta Hansteen field. Wintershall has a 40% operated stake in licence 894, Statoil Petroleum has 40% and Petoro had 20%.
Oil industry shows signs of life after Norway wealth fund shock
A week after Norway’s $1 trillion sovereign wealth fund said it wanted to get out of oil and gas investments, the latest spending plans from oil companies show how the country’s not about to quit petroleum.
‘Hackathon’ will embrace concept that North Sea answers live within the supply chain
The Oil and Gas Authority (OGA) and the Industry Technology Facilitator (ITF) believe collaboration between the UK and Norway will see North Sea operators hack their way to solving common challenges.
Dea hands Transocean $68m drilling contract
German energy firm Dea has booked a Transocean rig to drill production wells at the Dvalin field in the Norwegian Sea.
Lundin’s Hufsa well in Barents Sea a dud
Swedish oil firm Lundin Petroleum said today that its Hufsa prospect in the Barents Sea was "non-commercial".
Investors managing $630bn react to Norway oil ‘revolution’
Asset management in the Nordic region is dominated by Norway’s $1 trillion sovereign wealth fund, which last week said it wants to exit all its oil and gas stocks.
Norway oil bosses insist end isn’t nigh after $35bn shock
Can Norway dump $35 billion in oil and gas investments, and simultaneously convince that same industry to throw money into the country’s own fossil-fuel future?
Lundin to drill Barents Sea wildcat well
Norway has given Swedish firm Lundin permission to drill a wildcat well in the Barents Sea. The Leiv Eiriksson rig will carry out the drilling campaign on licence area 533. Lundin operates the licence and holds a 35% stake. Aker BP also has 35% while DEA has 30%.
Tambar field drilling campaign up and running, Faroe says
Aberdeen-based Faroe Petroleum said today that a drilling campaign to raise production from the Tambar field is under way.
Saetre to carry on as Statoil CEO despite nearing retirement age
Statoil's chief executive will continue in his role after deciding not to exercise his contractual right to retire at the age of 62.
Forget peak demand, Norway’s oil chief wants more crude to pump
The renewable energy revolution doesn’t scare the man overseeing western Europe’s biggest crude oil spigot.
Norway’s production falls
Norway's monthly production faltered.
Crisis exit brings relief to Norway’s $1trillion piggy bank
After being tapped over the past two years by politicians scrambling to plug budget holes, Norway’s massive $1 trillion wealth fund is about to get some relief.