Latest news
Statoil shuts Troll C platform, hitting 120,000 barrels per day oil output
Norwegian energy giant Statoil has recently shut its significant Troll C oil and gas platform in the North Sea because of corrosion found in the auxiliary system for gas treatment, slashing Norway’s oil production by around 8 percent.
read more... 16/11/2012
Norway: Statoil to connect its onshore power to North Sea fields
Norwegian energy giant Statoil envisages connecting onshore power to some North Sea oil and gas fields by 2018, move which will cost 10 billion crowns ($1.75 billion) investment that could potentially slash its future tax bill.
read more... 02/11/2012
Daily: UK gas prices decline on firmer imports from Norway and Europe
Brent crude prices declined for a seventh straight session and U.S crude futures declined for a fifth straight day on Wednesday in choppy trading on rising U.S. crude inventories and pessimistic euro zone data which offset encouraging signs that Chinese petroleum demand could stage a recovery.
read more... 25/10/2012
Norway’s oil and gas output targets for 2012 in doubt
According to the Norwegian Petroleum Directorate (NDP), Europe’s biggest oil producer is expected to miss its oil and gas output target due to interruptions and technical problems. Norwegian oil and gas production fell deeply in September, as various fields were put on care and maintenance, and will likely produce less oil than the expected 1.6 million barrels per day in 2012.
read more... 18/10/2012
Norway to nearly double carbon tax on offshore oil industry
Norway envisages doubling carbon tax on its North Sea offshore petroleum industry, boosting its funding for the prevention of deforestation in developing countries and launching a new climate and energy fund of £1bn, according to its draft 2013 budget.
read more... 12/10/2012