Latest news
Norway anticipates a drop of oil investments by 21% by 2017
Norway anticipates its oil and gas investments, a keystone of its economy, to fall by around 21 percent by 2017 from a record high last year, as stated by the government in its 2016 budget on Wednesday.
read more... 09/10/2015
Eni gets the go-ahead to prolong use of service rig on Arctic field
Italian oil giant Eni got the green light from Norway's Petroleum Safety Authority (PSA) to extend the use of the Floatel Superior, an accommodation and construction support vessel, on the Goliat field, in the Barents Sea.
read more... 08/10/2015
Daily: UK spot gas rebound on lower imports from Norway, outage at gas terminal
Crude oil markets declined on Wednesday, with WTI crude futures falling 4% after optimistic impact from weaker crude inventories was compensated by a large increase in gasoline, intensifying concerns about robust autumn fuel supplies. Brent crude tumbled $1.33, or 2.7 percent, to settle at $47.75 a barrel. WTI crude shed $1.88, or 4.1 percent, to close at $44.48.
read more... 24/09/2015
Daily: British spot gas prices decline on higher imports from Norway, oversupplied system
Crude oil prices touched multi-months lows on Wednesday after an increase in gasoline inventories in the United States as the summer driving season approaches to the end. WTI crude futures slipped 59 cents, or 1.3 percent, to settle at $45.15 a barrel, hitting a bottom last recorded in March of $44.83. Futures of Brent lost 40 cents to close at $49.59 a barrel, after slipping to a January low of $49.02.
read more... 06/08/2015
Statoil will launch world’s first subsea gas compressor in September
Norway's Statoil intends to commission in September the world's first subsea gas compression facility, a technology that could prove essential for oil companies since they aim to move offshore equipment to the seabed, away from ice and storms.
read more... 21/07/2015