Latest news
Rosneft to strike a $2.5 billion Arctic deal with Statoil
The Russian state oil giant Rosneft announced that it inked a $2.5 billion Arctic exploration deal with Norway's major Statoil on Saturday, move that will allow companies to jointly develop four hydrocarbon deposits in Russia's Arctic and Far East.
read more... 07/05/2012
Daily – UK spot gas rises on Norway field outage
U.S. and ICE Brent crude oil futures shed for a second day in line on Thursday, hit by news that Britain had agreed to cooperate with the United States in realizing strategic oil reserves later this year.
read more... 16/03/2012
Statoil doubled its net income in 2011
Statoil ASA, Norway’s largest oil and natural gas company is aiming to spend about $3 billion for the completion of approximately 40 wells during 2012, following its plans to raise production to 2.5 million barrels of oil equivalent a day in 2020, as it expands abroad and seeks to maintain production at home.
read more... 09/02/2012
Norway granted 60 oil production licenses in mature fields
The Norwegian government has decided to award 60 production licenses to 42 oil companies in the Awards in Predefined Areas round for 2011 (APA 2011), while 27 of them were granted operatorships.
read more... 18/01/2012
Norway oil, gas investments rising to a record in 2012
Total investments in oil and gas sector in Norway could hit a record of NOK184.6 billion ($32.0 billion) in 2012 from NOK152.6 billion in 2011, driven by continuous high oil prices and the need to upgrade ageing infrastructure, according to Statistics Norway.
read more... 02/12/2011