Latest news
Global oil demand to peak in 2026-Rystad Energy
The rapid adoption of electric vehicles (EV) around the world will probably cause global oil demand to peak two years earlier than previously expected, Norway's biggest independent energy consultancy Rystad said on Wednesday.
read more... 22/04/2021
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Exxon mulls closure of Norway's Slagen refinery as region's clean fuel shift continues
ExxonMobil is considering closing its 116,000 b/d Slagen refinery in Norway to convert the site into a fuel import terminal, the company said April 8, marking a potential further casualty of Europe's surplus refining capacity as the region's fuel demand shrinks and competition from new markets continues to grow.
read more... 12/04/2021
Norway readies first offshore wind tenders to spur oil industry transition
Norway will press ahead with North Sea wind power this year, awarding its first development licences as it spurs the transition of its oil and gas industry and despite its already plentiful renewables supply.
read more... 30/03/2021
Daily (23.03.2021): British gas prices rose on Monday amid unplanned outages in Norway, bullish energy complex
Oil prices stabilized on Monday after a week of sharp declines, but ongoing jitters that the fresh lockdowns in Europe and the slow pace of vaccination rollout capped gains. Hence, Brent crude added 0.1% to settle at $64.62 a barrel. Meanwhile. U.S. WTI crude ended at $61.53 a barrel, posting a 0.2% gain day-on-day.
read more... 23/03/2021
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Record gas output from Norway's Oseberg
Oseberg production available for sale of 25.7mn m³/d in January was the highest for any month since gas sales began from the field in September 2000. The field's gas blowdown process has begun, which involves a shift to gas production rather than gas reinjections as it approaches the end of its economic oil-producing life.
read more... 22/03/2021