Latest news

Equinor explores floating wind turbines to power North Sea oilfields

Norway’s Equinor is considering whether to build an offshore wind farm with floating turbines to provide electricity for its Gullfaks and Snorre oilfields in the North Sea, the company said on Tuesday.

read more... 28/08/2018


Daily (17.08.2018): NBP spot jumped by 4.5% week-on-week to a 5-month peak, due to outages and lower flows from Norway

Oil prices regained momentum on Thursday, after having declined a day earlier because of high crude inventories, but predictions of lower demand kept prices under control. Brent crude closed 1% higher at $71.43 a barrel, posting a 1% loss for the week. Meanwhile, WTI crude rose 0.7% to $65.46 a barrel, slumping by 2% week-on-week.

read more... 17/08/2018


Norway opens up to offshore wind – plans floating projects to help industry

Norway’s minister of petroleum and energy, Terje Søviknes, is to open two areas on the Norwegian continental shelf for offshore wind projects.

read more... 16/08/2018


Aker BP to acquire Total’s Norway offshore acreage for $205m

Aker BP has signed a deal to acquire Total E&P Norge’s stakes in a portfolio of licenses located on the Norwegian Continental Shelf for a total of $205m.

read more... 02/08/2018


Daily (16.07.2018): NBP spot gas price rose by 2.6% on Friday, due to an undersupplied system

Oil prices hiked on Friday, due to the stoppage in Norway and Iraq, while a decline in supplies from Venezuela influenced the global output. Brent crude soared by 1.2% to $75.33 a barrel. Meanwhile, WTI crude settled 1% higher at $71.01, despite U.S. Secretary of State Mike Pompeo’s statement that Washington would consider granting waivers to Iran's crude buyers.

read more... 16/07/2018