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Norway to spend $1.2 bln on renewable projects in developing nations
Norway will allocate 10 billion crowns ($1.16 billion) over five years towards renewable energy investments in developing countries to cut greenhouse gas emissions, the government said on Wednesday, and urged private investors to work with it.
read more... 08/07/2021
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Norwegian 3Q gas output could be quick
Strong output from flexible fields could lift Norway's third quarter gas production close to its highest in recent years.
read more... 01/07/2021
Daily (29.06.2021): British gas prices retreated on Monday amid improved supply from Norway and despite strong carbon prices
Crude oil prices opened the week on the back foot after the oil market hit a three-year high on Friday. Increasing number of the new so-called Delta variant and expectations that OPEC+ producers will boost supply at an upcoming meeting put pressure on crude prices on Monday. Hence, Brent crude shed by 2% to settle at $74.68 a barrel. U.S. WTI crude ended at $72.91 a barrel, falling by 1.5% day-on-day.
read more... 29/06/2021
Norway's Equinor aims to triple UK hydrogen production capacity
Norwegian oil and gas firm Equinor said on Tuesday it had raised its hydrogen production goal in the United Kingdom to 1.8 gigawatts (GW), following a visit of Britain's Business Secretary Kwasi Kwarteng to Oslo.
read more... 29/06/2021
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Norway Expands Arctic Oil Exploration
Norway has awarded four new exploration licenses in frontier Arctic areas as it looks to support its oil and gas industry, as well as value and job creation, the Ministry of Petroleum and Energy said on Wednesday.
read more... 24/06/2021