Cairn and Kosmos banned from Norway’s sovereign fund portfolio
Norway's sovereign wealth fund has banned Cairn Energy and Kosmos Energy from its portfolio due to their business in the disputed territory of West Sahara.
norway
Bandak to cut 92 jobs amid oil price decline
Norwegian industrial group Bandak said it has filed for bankruptcy with the loss of 92 positions from the company.
Det Norske to cut 12 jobs, 50 contractors roles to go by end of 2016
Det Norske is to make up to 12 staff members redundant while 50 contractor positions could go by the end of the year.
Det Norske gets consent for exploration well in North Sea
Det Norske has received consent to drill an exploration well in the Norwegian North Sea.
Norway’s sovereign wealth fund files complaint against VW over emissions scandal
Norway's sovereign wealth fund has filed a complain against Volkswagen as part of a joint legal action following the carmaker's emissions scandal.
Worker flown to hospital after incident on Goliat
A man has been flown to hospital in Norway after being injured on the Goliat oil platform.
Brexit: Norway’s largest financial market warns country’s oil and gas sector will be hit hardest
Norway's largest financial group said the country's oil and gas industry will see the biggest impact from the Brexit vote.
Statoil commissions new history of company and Norway
Statoil has decided to launch a project to write the story about the company for its 50th anniversary in 2022. The University of Oslo has been chosen the main supplier in a project that will also involve other Norwegian research institutions.
Dea gets extension on Zidane development
Dea has gained an extension of its deadline to submit a development plan for the Zidane project in the Norwegian North Sea.
Statoil hit with improvement notice for Johan Sverdrup export pipelines
Statoil has been hit with a number of improvement points after an audit was carried out on the Johan Sverdrup export pipelines.
Strike action avoided in Norway at final hour
Strike action has been avoided in Norway hours before a deadline ended over a pay dispute.
Councillor criticised after leaving North Sea jobs conference over accommodation
A north-east councillor has faced criticism after abandoning a North Sea jobs conference in disgust at his accommodation.
Former BG boss Lund injects cash in new investment company
The former boss of Statoil and BG Group has injected cash into a new company with compensation from when he stepped down from his latest role.
Det Norske gets wildcat go ahead in North Sea
The Norwegian Petroleum Directorate has granted Det norske a drilling permit for a wildcat well in the North Sea.
Norwegian production dips in May
Preliminary production figures for May 2016 show an average daily production of about 1 944 000 barrels of oil, NGL and condensate. This is 87 000 barrels per day (about 4% less than April 2016.
DEA looks to snap up more Norwegian assets
Oil and gas firm DEA, controlled by Russian billionaire Mikhail Fridman, is eyeing more Norway deals, the firm's recently appointed Norway manager said in an interview
Strike looms in Norway as hundreds of workers push back over pay
Hundreds of oil and gas workers in Norway could go on strike unless a wage deal is agreed by the middle of next week, according to reports.
Even oil’s 70% rebound can’t save Norway’s banks from regulatory slap
The watchdog overseeing banks in western Europe’s biggest oil exporter says Norway’s financial industry may still be underestimating the risk of losses, even after a 70 percent recovery in crude prices since January.
Fugro lands integrity management deal with Det Norske
Fugro has been awarded a three-year contract for integrity management support (IMS) and intervention works for Det norske in the Norwegian sector of the North Sea.
Email dismissal case begins against COSL
A tribunal at a Norwegian court will begin today into whether an email sent to hundreds of employees by COSL was a valid form of dismissal from the company.
Statoil gets head start with Johan Sverdrup platforms
Statoil is reported to have begun the construction of the first of two Johan Sverdrup platforms early.
OneSubsea boss to take up helm at Aibel
The current boss of OneSubsea will takeover as the chief executive of Aibel.
Value of Norway’s oil and gas stakes down 34%
The Norwegian state's direct financial interest (SDFi) in oil and gas licences on the Norwegian Continental Shelf (NCS) has decreased by more than a third in the past two years as low oil prices have taken a toll.
Polarcus receives Barents Sea nod
Polarcus said it has received a Letter of Intent for a project in the Barents Sea.
Norwegian oil fund draws up plans to protect assets from extreme political events
The Norwegian oil fund has drawn up plans to protect its assets from extreme political events such as military invasion or coup.