Latest news

Statoil acquires Tullow Oil stakes off Norway

Norway's Statoil ASA declared on Tuesday it had settled with the U.K.'s Tullow Oil PLC to buy stakes in four oil drilling licenses off Norway, counting a 20% stake in the Wisting finding in the Barents Sea, at an unrevealed price.

read more... 06/09/2016


Statoil to reduce costs and raise output at Johan Sverdrup oil field

Norway’s Statoil ASA has announced on Monday that it had dropped billions of dollars planned for the start-up of its giant Johan Sverdrup oil field by about 20%. In addition, the company has also raised the estimated initial output by 16% after intensifying drilling and streamlining operations.

read more... 30/08/2016


Norway hopes to maintain good relationship with UK

Norway is relying on its huge exports of natural gas to the U.K. to offer it an advantage in talks since Britain strives to leave the European Union.

read more... 26/08/2016


Statkraft starts addition to Norwegian wind farm network

Europe’s biggest producer of renewable energy has started construction on a new wind farm which will form part of a larger network in Norway.

read more... 19/08/2016


Google purchases 12-year output from a yet-to-be-built wind power farm in Norway

Google has acquired the whole 12-year power output from an unbuilt Norwegian wind power farm in order to supply its European data centers with renewable energy.

read more... 30/06/2016