Oil prices rose on Thursday, bolstered by a decline in U.S. crude inventories and the anticipation of a rebound in gasoline demand in the coming weeks in the United States. Thus, Brent crude rose by 0.6% to settle at $83.27 per barrel. WTI crude traded around 1% higher to close at $79.23 per barrel.
read more... 17/05/2024
Norway is expanding the acreage in the Barents Sea and the Norwegian Sea, for which companies vying for licenses in mature areas can bid this year, the energy ministry of Western Europe’s largest oil and gas producer said on Wednesday.
read more... 09/05/2024
Oil prices posted modest gains on Thursday, supported by intensifying Middle East tensions. However, a pessimistic global demand outlook capped gain. Thus, Brent crude rose by 1.1% to settle slightly above $89 a barrel, while WTI crude edged 1% higher at $83.57 a barrel.
read more... 26/04/2024
Norway and Germany have renewed a commitment to the idea of a hydrogen pipeline, but Norwegian state-owned Equinor expects the link will come in a secondary stage of development as it is focused on hydrogen production in mainland Europe as a first step.
read more... 25/04/2024
The Norwegian Government has signed a CfD with Ventyr Energi to support the development of the country’s first commercial offshore wind farm.
read more... 22/04/2024