Latest news

Statoil delayed its planned output increase by 2012.

Norway's Statoil decreased its 2010 oil and gas production target on Wednesday, after heavy maintenance work in the third quarter that affected its earnings and casted doubt on its plans to increase the output to 14% by 2012.

read more... 04/11/2010


Norway's Kollsnes still operating at limited gas production capacity

Norway's Kollsnes gas production capacity remains at its lower level for a few more days, due to maintenance works which might be longer than expected, according to Gassco operator.

read more... 18/10/2010


The Norwegian Statkraft planning to invest in South America

Norway's state-owned company, Statkraft announced Thursday that it would invest $400 million in a hydropower plant in Peru with a capacity of 168-megawatt, and announced intentions of further investing in Chile, but it is targeting the Brazilian market as well.

read more... 01/10/2010


Norway worried about power supplies for winter to come.

Last year has proven to be a difficult one for Nordic countries as prices for power reached all-time highs as temperatures were lower than usual and Swedish nuclear reactors had outages concerns.

read more... 29/09/2010


41 oil companies submit applications for exploring oil in Norway

Oil and energy ministry of Norway stated on Thursday that 41 oil and gas companies have applied to explore for petroleum in older regions off the country.

read more... 20/09/2010