Latest news

Ithaca decided to vend Norwegian operations to Hungary’s MOL

North Sea oil and gas firm Ithaca Energy has decided to vend its Norwegian business to Hungary's MOL for $60 million, as stated by the companies on Friday, marking the Hungarian firm's entrance into Norway's oil market.

read more... 24/04/2015


Norway suggests electricity utility unbundling

Norway wishes utilities to split their distribution and production operations, in a step towards grid consolidation, as stated by the oil and energy ministry on Wednesday.

read more... 16/04/2015


Daily: British spot gas prices soar on supply shortfalls from Norway

Crude oil prices boosted on Thursday on optimistic German economic figures and continued uncertainty about an agreement on Iran’s nuclear program, despite a stronger dollar which slashed crude oil’s hike. Brent crude for May delivery increased by $1.02 to settle at $56.57 a barrel, having hit $58.02. U.S. crude for May delivery rebounded 37 cents to close at $50.79, after reaching $52.07. WTI crude's Tuesday close traded near $54, the highest level December 30.

read more... 10/04/2015


Norway and Britain to construct world’s longest subsea electricity cable

The world's longest subsea power transmission cable is to be built between Norway and Britain by 2021, as stated by Norway's Statnett on Thursday.

read more... 27/03/2015


Daily: British prompt gas prices decline on firmer supply from Norway

Crude oil prices increased on Monday, buoyed by weaker dollar that counterbalanced pressure on prices from a supply glut. Oil prices were pressured as Saudi Arabia has stood firm on its decision to keep production levels, saying it would consider reducing output only if producers outside OPEC also did so. U.S. crude futures rose by 88 cents to settle at $47.45 on Monday, up 1.9 percent. Brent price boosted more than 1 percent to close up 60 cents at $55.92 per barrel.

read more... 24/03/2015