Norway’s Prime Minister said workers who will decided the fate of the country’s oil industry had not even been “born yet” as it was revealed jobs would continue to be lost this year. Erna Solberg spoke at the annual conference of the Norwegian Oil Industry Association in Oslo.
A new report by Statistics Norway has shown the PPI (Producer Price Index) decreased by 2.6% between January and February.
A manufacturing plant for oil and gas products in Norway said it will reduce its headcount by 60 positions.
Atlantic Petroleum has entered into a sales and purchase agreement with M Vest Energy AS for the sale of its Norwegian assets and licenses.
Norwegian operator Statoil and Halliburton have kicked off drilling on the Madam Trap well.
Halliburton has made job cuts in the Norwegian sector.
Statoil employees been awarded bonuses of more than NOK50,000 on their average pay.
The average pay for oil and gas workers rose by 2.3% last year, despite a reduction in the global oil price.
Eni has postponed start-up from the Goliat field once again.
Well services firm Archer reported a net loss of $244.1 million in its fourth quarter 2015 results as it caught the blowback from impairments valued at $177.5million.
Oil major BP plans to choose a development solution before the end of the year for its Snadd North and Snadd Outer Skarv field in the North Sea.
Songa Offshore recorded a $34million profit in the final quarter of 2015.
Norwegian oil explorer North Energy believes mergers and acquisitions can help the firm weather the current oil market downturn as it becomes difficult to make profitable discoveries at today's crude prices, it chief executive said.
The North Sea still holds more than half the total remaining hydrocarbon resources in the Norwegian sector of the North Sea, its petroleum authority has revealed.
When the price of a 10-pound (4.5-kilogram) Atlantic salmon jumped above the cost of a barrel of crude last month, nobody in the oil industry was celebrating.
GE has signed a master service agreement with Statoil for new subsea projects.
Preliminary production figures for January 2016 show an average daily production of about 2,037,000 barrels of oil, NGL and condensate.
Shipping firm GC Rieber has more than doubled its deficit for 2015 compared with the previous year, with the failure of Dolphin Geophysical playing a part in the poor peformance.
NorSea Group has struck a deal with Statoil for the use of its Strodbase in Norway to assemble the world’s first floating windfarm off the coast of Aberdeenshire.
Norway's Petroleum Safety Authority has issued orders to Eni Norge following an audit of logistics and employee participation on the Goliat FPSO.
Statoil has abandoned plans for a new platform to develop its Snorre 2040 project off Norway.
There are expected to be 23 decommissioning projects in Norwegian waters over the next eight years worth up to £12.5billion, new research has found.
This video marked the first steel being cut for the Johan Sverdrup platform on the Norwegian Continental Shelf.
IKM Testing said it plans to reduce its headcount by between 30 to 50 employees.
Kvaerner's cost cutting strategy has resulted in the Norwegian firm reporting a profit of NOK178million in its fourth quarter 2015 results, which it says will increase resiliance against uncertain market conditions.