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Norway calls on oil firms to boost exploration and investment
Norwegian oil and gas companies should boost investments in exploration and production to slow an expected decline in the country's output in the coming years, the national petroleum industry regulator said in a resource report on Wednesday.
read more... 22/08/2024
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Poland's Orlen agrees North Sea crude supply deal with BP
Polish refiner Orlen has contracted BP to supply 15% of its feedstock demand with North Sea crude over the next year, it said Aug. 19, as it has sought to shore up supply links for its European operations.
read more... 20/08/2024
Equinor Shuts Down North Sea Platform
Norway’s Equinor has shut down its Gullfaks C platform in the North Sea following a well control problem that also prompted the evacuation of some workers, Reuters has reported, citing a company spokesman.
read more... 19/08/2024
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Norwegian oil companies to further increase oil investments
Norwegian oil and gas investments are expected to hit a record this year and to stay high in 2025, driven by a string of ongoing field developments and cost inflation, a national statistics office (SSB) survey showed on Thursday.
read more... 15/08/2024
Kazakhstan Now Seeks $160B from International Oil Companies
Kazakhstan’s legal battle against international oil majors involved in the Kashagan oil field has intensified, with the nation’s claims now exceeding $160 billion. The dispute centers around allegations of corrupt deals and financial mismanagement, adding another $10 billion to the already massive demands.
read more... 12/08/2024