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Statoil: Sanctions are not an obstacle for the oilfield agreement with Rosneft

Norway’s Statoil declared that the deal with Russia’s Rosneft aiming to develop the onshore North Komsomolskoye oilfield was according to the European Union and U.S. sanctions on Russia over the conflict in Ukraine.

read more... 08/09/2017


Norway: Arendal promised to become 100% climate neutral

100% climate neutral – not a dream, as the Norway’s municipality Arendal is committed to reach the goal.

read more... 06/09/2017


Oil exploration is a key issue for voters in Norwegian parliamentary election

The Green party pledges to stop oil exploration in Norway and phase out production within 15 years. Norway's number one industry accounts for half of national exports and employs over 180,000 people. The greens have been gradually gathering support over the past 4 years and are polling at about 5% of the votes, underlining changes in Norwegian society and divisions over the future of oil.

read more... 01/09/2017


Nordlink cable works underway as first portion is installed on the Vollesfjord seabed

The NordLink cable work is underway, with the first few kilometers of cable having been laid on the Vollesfjord seafloor in southern Norway.

read more... 04/08/2017


Daily (28.07.2017): Brent prices soared to 2-month high on Thursday - $51.49 a barrel

Oil prices continued to rise on Thursday with support from a huge slide in U.S. crude inventories. Kuwait, UAE and Saudi Arabia, fellow members of the OPEC, have also promised export cuts. U.S. fuel exports are on track to hit another record in 2017, making foreign fuel markets increasingly important for the profit margins of U.S. refiners. Also, Europe's major energy firms are turning a corner after a 3-year slump, Royal Dutch Shell, France's Total and Norway's Statoil reported sharp rises in cash flow from second quarter operations. Brent crude jumped by 1% to $51.49 a barrel, while WTI price jumped by 0.8% to close at $48.75 a barrel.

read more... 28/07/2017