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Eni gets the go-ahead to prolong use of service rig on Arctic field

Italian oil giant Eni got the green light from Norway's Petroleum Safety Authority (PSA) to extend the use of the Floatel Superior, an accommodation and construction support vessel, on the Goliat field, in the Barents Sea.

read more... 08/10/2015


Daily: UK spot gas rebound on lower imports from Norway, outage at gas terminal

Crude oil markets declined on Wednesday, with WTI crude futures falling 4% after optimistic impact from weaker crude inventories was compensated by a large increase in gasoline, intensifying concerns about robust autumn fuel supplies. Brent crude tumbled $1.33, or 2.7 percent, to settle at $47.75 a barrel. WTI crude shed $1.88, or 4.1 percent, to close at $44.48.

read more... 24/09/2015


Daily: British spot gas prices decline on higher imports from Norway, oversupplied system

Crude oil prices touched multi-months lows on Wednesday after an increase in gasoline inventories in the United States as the summer driving season approaches to the end. WTI crude futures slipped 59 cents, or 1.3 percent, to settle at $45.15 a barrel, hitting a bottom last recorded in March of $44.83. Futures of Brent lost 40 cents to close at $49.59 a barrel, after slipping to a January low of $49.02.

read more... 06/08/2015


Statoil will launch world’s first subsea gas compressor in September

Norway's Statoil intends to commission in September the world's first subsea gas compression facility, a technology that could prove essential for oil companies since they aim to move offshore equipment to the seabed, away from ice and storms.

read more... 21/07/2015


National Grid grants contracts for Britain-Norway electricity connection

Britain's National Grid has granted contracts totalling 1.5 billion euros ($1.7 billion) to firms implicated in building the first power link between Britain and Norway, as it stated on Tuesday.

read more... 15/07/2015