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Norway: Statoil will drill more wells in Arctic Barents Sea

Norway’s company Statoil will continue to explore oil in the Arctic Barents Sea next year even if its 2017 campaign was expected to do better.

read more... 29/11/2017


Daily (18.10.2017): British spot gas price surged 1.6% on colder weather and lower flows from Norway

Oil prices edged slightly higher on Tuesday, stabilising after prior gains and losses, as estimates of high U.S. output and exports offset concerns that fighting between Iraqi and Kurdish forces might menace the country's crude production.

read more... 18/10/2017


Daily (10.10.2017): British spot gas price rose 3.1% on Monday due to lower flows from Norway

Oil prices surged on Monday after one of the most bearish weeks in months, encouraged by OPEC comments indicating the possibility of continued action to reinstate market balance in the long term.

read more... 10/10/2017


Norway considers minimising its reliance on oil

Norway’s Minister of Climate and Environment, Vidar Helgesen, declared on Thursday that the country will try to find ways to lessen its dependence on oil and gas as fossil fuels are dropping in value continuously due to energy transition.

read more... 06/10/2017


Statoil makes first steps into solar sector with Brazilian joint venture

Norway's oil company Statoil decided to make the first steps into the solar sector on Wednesday, associating in a joint venture with Oslo’s renewable energy firm Scatec Solar, targeting the construction of a few large solar plants in Brazil.

read more... 05/10/2017