Latest news

Norway’s Offshore Oil Boom Is Back On

The rise in oil prices brought about the recovery of Norway’s oil industry, with companies lining up plans to invest in boosting oil production on the Norwegian Continental Shelf (NCS)—surely most welcome news for Western Europe’s biggest oil and gas producer, which faces a decline from the mid-2020s onwards if new large discoveries are not made soon.

read more... 17/09/2018


Nordic countries to get a network of 50 LNG filling stations

Gasum is investing in the construction of approximately 50 gas filling stations for heavy-duty vehicles in Finland, Sweden and Norway. The stations are expected to be operational by the beginning of the 2020's.

read more... 10/09/2018


Scatec Solar to increase stake in 190MW of solar projects in South Africa

Norway-based Scatec Solar has agreed to raise its stake in three operational solar parks, with combined capacity of 190MW, in South Africa from 39% to 45%.

read more... 03/09/2018


Equinor explores floating wind turbines to power North Sea oilfields

Norway’s Equinor is considering whether to build an offshore wind farm with floating turbines to provide electricity for its Gullfaks and Snorre oilfields in the North Sea, the company said on Tuesday.

read more... 28/08/2018


Daily (17.08.2018): NBP spot jumped by 4.5% week-on-week to a 5-month peak, due to outages and lower flows from Norway

Oil prices regained momentum on Thursday, after having declined a day earlier because of high crude inventories, but predictions of lower demand kept prices under control. Brent crude closed 1% higher at $71.43 a barrel, posting a 1% loss for the week. Meanwhile, WTI crude rose 0.7% to $65.46 a barrel, slumping by 2% week-on-week.

read more... 17/08/2018