Norway’s financial regulator said that banks exposed to oil-industry losses face a rise in impairments that will erode profits as the full effect of the slump in crude prices runs its course.
The Norwegian safety agency will hold a crunch meeting with Eni and Statoil over further operations from the Goliat project in the Barents Sea.
Centrica said today it could lay off up to 20 workers at its oil and gas division in Norway.
A dip oil tax revenue has led to Norway’s first budget deficit in 20 years.
Sodexo will cut 45 staff from its Norwegian operations.
This image shows modules from the Murchison platform being offloaded in Norway.
The surge in Norwegian house prices accelerated in August, adding pressure on the central bank to hold off on a plan to cut interest rates.
Statoil has been given until the end of September to deal with a non-conformity discovered on its Statfjord A platform.
Norwegian oil and gas consultancy Add Energy has doubled its Aberdeen and Houston headcounts after netting a number of new contracts.
Det Norske has been granted a drilling permit for a North Sea well by the Norwegian Petroleum Directorate (NPD).
Ineos and Enterprise Products Partners said the first cargo of ethane to be exported from a Texas terminal has been loaded.
Scatec has started operating a 22MW photovoltaic plant in Jordan.
Lundin Norway has received consent for exploration drilling in the Barents Sea.
Eni has been issued with an order from the Norwegian Petroleum Safety Authority (PSA).
A Norwegian politician has called for a meeting with the Petroleum Safety Authority after more than a dozen incidents involving the Goliat field this year.
Oil and gas industry chiefs from the north-east have lauded the Offshore Northern Seas (ONS) conference in Norway as the perfect tonic at a difficult time for the sector.
The head of Norway’s offshore safety watchdog said it was her organisation’s job to fret over the future of the oil industry.
Norwegian firm Rieber Shipping fell into the red in the second quarter as work for its fleet dried up.
Wood Group has signed a new framework agreement with Wintershall Norge to tender for the provision of modification and maintenance services to assets in the Norwegian Continental Shelf (NCS).
Statoil has released a video showing the installation of the final "mega-block" for its Aasta Hansteen platform.
Statoil said it plans to conduct a major exploration campaign in several parts of the Barents Sea next year.
Statoil and Petrobras have signed a Memorandum of Understanding (MoU) with one another.
Norway’s offshore safety body has given a floatel builder permission for one of its vessels to go to work in the North Sea.
Norway’s Petroleum Safety Authority has given Lundin Petroleum permission to drill an exploration well in the Barents Sea.