Report shows Norwegian index for crude oil dropped by 34.2%
A new report by Statistics Norway has shown the PPI (Producer Price Index) decreased by 2.6% between January and February.
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Oil and gas manufacturing plant makes 60 redunancies
A manufacturing plant for oil and gas products in Norway said it will reduce its headcount by 60 positions.
Troubled Atlantic Petroleum sells Norwegian business for One Kroner
Atlantic Petroleum has entered into a sales and purchase agreement with M Vest Energy AS for the sale of its Norwegian assets and licenses.
Statoil, Halliburton launch drilling on Madam Trapp well
Norwegian operator Statoil and Halliburton have kicked off drilling on the Madam Trap well.
Halliburton to make up to 260 job cuts in Norway
Halliburton has made job cuts in the Norwegian sector.
Statoil employees receive bonuses
Statoil employees been awarded bonuses of more than NOK50,000 on their average pay.
Oil workers’ pay rose 2.3% in Norway last year
The average pay for oil and gas workers rose by 2.3% last year, despite a reduction in the global oil price.
Eni postpones start-up from Goliat field once again
Eni has postponed start-up from the Goliat field once again.
Archer reports $244million loss
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.
BP to pick development option for North Sea field by end of year
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 notes final quarter profit
Songa Offshore recorded a $34million profit in the final quarter of 2015.
North Energy seeks M&A as exploration fades
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.
North Sea remains “engine” of oil and gas production
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.
Billionaire Seadrill magnate has other fish to fry now oil’s tanked
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, Statoil strike subsea agreement
GE has signed a master service agreement with Statoil for new subsea projects.
Norway’s production figures down in January
Preliminary production figures for January 2016 show an average daily production of about 2,037,000 barrels of oil, NGL and condensate.
GC Rieber hit by collapse of other firms as it reports 2015 results
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 wins Statoil Hywind contract
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.
Eni ordered to address non-conformities on Goliat FPSO
Norway's Petroleum Safety Authority has issued orders to Eni Norge following an audit of logistics and employee participation on the Goliat FPSO.
Statoil abandons plans for Snorre platform
Statoil has abandoned plans for a new platform to develop its Snorre 2040 project off Norway.
23 decommissioning projects to take place in Norway worth £12.5billion
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.
Video: First steel cut for Johan Sverdrup
This video marked the first steel being cut for the Johan Sverdrup platform on the Norwegian Continental Shelf.
IKM Testing to make between 30 to 50 job losses in Norway
IKM Testing said it plans to reduce its headcount by between 30 to 50 employees.
Kvaerner’s cost reductions helps firm to fourth quarter profit
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.
Olympic staff agree to 6% pay cut to save jobs
Staff working for offshore ship owner Olympic in Norway have agreed to a 6% pay cut in a bid to save workers’ jobs.