Latest news
Fortum: Norwegian power distribution business likely be sold to Hafslund
Finnish utility Fortum declared on Wednesday it intends to vend its Norwegian electricity distribution business and its share in Fredrikstad Energi and Fredrikstad Energi Nett to Hafslund based in Norway.
read more... 09/04/2014
ENI obtains refund from Statoil on revised gas agreement
ENI, a major integrated energy company based in Italy and one of Europe’s leading gas wholesalers, inked an agreement on Thursday to review its long-term gas supply contract with Norway's Statoil that is supposed to increase its operating profit by approximately 1 billion euros ($1.4 billion) in 2014.
read more... 28/02/2014
Statoil to develop Norwegian oil field
Statoil has announced that together with its partners they have agreed on a concept for the expansion of the Johan Sverdrup field, one of the five biggest discoveries ever made offshore Norway, estimating a first phase investment of up to NOK120bn ($19.6bn).
read more... 20/02/2014
Daily: British gas prices increased due to reduced supplies from Norway
Brent crude stay above $109 a barrel on Tuesday ahead of economic data from China, which may confirm signs of stabilizing growth and fuel demand in the world's second largest oil consumer. Brent crude for January increased 14 cents to $109.53 per barrel by 03:15 GMT, while the U.S. crude futures for January delivery increased 18 cents to $97.52 per barrel. Brent's premium to WTI lessened about $7 in almost two weeks as TransCanada Corp has begun filling a 700,000 barrel-per-day pipeline, which will transport crude oil from Cushing to Gulf Coast refiners.
read more... 11/12/2013
Norway to spur investments in oil and gas industry at a record level in 2014
Norway is planning to spur its investments in oil and gas sector at a record level in 2014, according to data provided by statistics agency.
read more... 09/12/2013