Latest news
Norway’s oil, gas exploration falls in 2020
The Norwegian petroleum directorate (NPD) said today a lack of new discoveries offshore Norway could rapidly reduce oil and gas production after 2030, as the number of exploration wells drilled this year is set to halve from 2019.
read more... 28/10/2020
Moscow, Minsk addressing redirection of petroleum products supplies from Lithuanian ports
Russian and Belarusian companies are to develop economic terms of redirection of such deliveries, Russian Energy Minister Alexander Novak informed
read more... 04/09/2020
Motor Oil buys 40-MW wind farm in Greece
Greek petroleum refiner Motor Oil Hellas (FRA:MHZ) has acquired a wind farm with 40 MW of licenced capacity in northern continental Greece.
read more... 24/08/2020
Daily (29.07.2020): British gas prices gained ground on Tuesday amid lower Norwegian flows and higher carbon prices
Crude oil futures ended lower on Tuesday as market players continue to fret over the impact of COVID-19 on energy demand ahead of weekly petroleum supply data expected to show a further rise in U.S. crude inventories. Hence, Brent crude slipped by 19 cents, or 0.4%, to settle at $43.22 a barrel, while U.S. WTI crude futures declined by 56 cents, or 1.4%, to settle at $41.04 a barrel.
read more... 29/07/2020
Norway’s February gas output up, sales down
Norway’s natural gas production increased slightly in February, roughly meeting the government’s forecast for the month, Kallanish Energy learns from the Norwegian Petroleum Directorate (NPD).
read more... 17/03/2020