Latest news

Daily – UK spot gas rises on Norway field outage

U.S. and ICE Brent crude oil futures shed for a second day in line on Thursday, hit by news that Britain had agreed to cooperate with the United States in realizing strategic oil reserves later this year.

read more... 16/03/2012


Statoil doubled its net income in 2011

Statoil ASA, Norway’s largest oil and natural gas company is aiming to spend about $3 billion for the completion of approximately 40 wells during 2012, following its plans to raise production to 2.5 million barrels of oil equivalent a day in 2020, as it expands abroad and seeks to maintain production at home.

read more... 09/02/2012


Norway granted 60 oil production licenses in mature fields

The Norwegian government has decided to award 60 production licenses to 42 oil companies in the Awards in Predefined Areas round for 2011 (APA 2011), while 27 of them were granted operatorships.

read more... 18/01/2012


Norway oil, gas investments rising to a record in 2012

Total investments in oil and gas sector in Norway could hit a record of NOK184.6 billion ($32.0 billion) in 2012 from NOK152.6 billion in 2011, driven by continuous high oil prices and the need to upgrade ageing infrastructure, according to Statistics Norway.

read more... 02/12/2011


Centrica to buy Norway gas fields for 1.6 billion dollars

Centrica Plc agreed to purchase from Statoil ASA Norway’s largest oil and Natural Gas Company assets in Norway gas fields for 1.6 billion dollars. The act of transaction implies sale of Statoil stakes in the Kvitebjorn, Heimdal, Valemon, Skrine-Byggve, Fulla, Frigg-Gamma- Delta, Vale and Rind fields.

read more... 21/11/2011