Solvberg Appointed NPD Director General
The Norwegian Petroleum Directorate (NPD) has announced the appointment of Ingrid Solvberg as Director for the Norwegian Sea and Barents Sea, replacing Bente Nyland.According to a note from NPD…
NPD Report on High North Offshore
Norwegian Petroleum Directorate (NPD), Norwegian government agency responsible for the regulation of the petroleum resources on the Norwegian continental shelf, has presented…
Norway Cuts 2019 Oil Output Forecast
The Norwegian Petroleum Directorate (NPD)’s forecasts show that Norway's oil output in 2019 will be smaller than previously forecast and its lowest level in three decades, although…
Norway Ready to Claim Share of Russia's Arctic Finds
Norway will step up preparations to claim its share of oil and gas resources if Russia finds petroleum on its side of a border in the Barents Sea, the head of Norwegian Petroleum…
Norway 2019 Oil Output Forecast Cut to 30-year Low
Norway's oil output in 2019 will be smaller than previously forecast and its lowest level in three decades, although it should rebound in the following years, the country's…
Russia, Norway Ink Seismic Pact for Barents Sea
The Norwegian Petroleum Directorate (NPD) and Russian petroleum authorities (Federal Subsoil Resources Management Agency, Rosnedra) have entered into an agreement to exchange…
Norway Sees Near-Record Oil Output in 2022
Norwegian oil and gas investments will begin to rise in 2018 after falling for the last four years, helping drive output to near-record highs in the next five years, the Norwegian…
Norway Expects Record Arctic Drilling in 2017
Norway expects 15 exploration wells to be drilled in the Barents Sea this year, two more than in the record year 2014, the head of the Norwegian Petroleum Directorate said on Tuesday.
Norway Doubles Barents Sea Oil & Gas Estimates
Norway on Tuesday doubled its estimate of undiscovered oil and gas resources in its region of the Arctic Barents Sea as a formerly disputed area bordering Russia was included for the first time…
Norway: Up to 15 Oil firm Plans Expected in 2017/2018
Oil firms are expected to submit up to 15 development plans for oil and gas fields off Norway over the next two years, the head of the Norwegian Petroleum Directorate told Reuters on Monday.
Norway's Arctic a Bright Prospect in Crisis-hit Oil Sector
While the oil industry continues to cut jobs, projects and costs amid low crude prices, one region is making a surprise comeback after years of declining activity, company executives…
Some 18-20 Oil, Gas Fields off Norway in Danger of Shutting Output Early
Some 18-20 oil and gas fields off Norway are in danger of shutting output earlier than planned due to low oil prices, but the impact on the overall output outlook would be limited…
Norway to Oil Companies: Don't Shut Output
Oil companies operating in Norway should hike recovery rates from mature fields despite falling crude prices, and resist the temptation to shut output earlier than planned, Energy Minister Tord Lien said.
Norway Expects Delayed Start at Johan Sverdrup
The Norwegian Petroleum Directorate continues to expect output at the Johan Sverdrup oilfield in the North Sea, Norway's most important industrial project, to begin later than Statoil expects it to…
Statoil Mulls Final Castberg Proposal
Norway's Statoil is expected to present proposals for how to develop its 600-million barrel Arctic Johan Castberg oil field relatively soon, the head of the country's Oil Directorate said on Monday.
Norway's Oil Investment Forecast May Have to be Cut
Norwegian oil investments may drop more than earlier expected if oil prices stay at their current level, as the most recent projections were based on much higher crude prices…
Slump Means Possible Early Exit from Norwegian Fields
The low oil price could force firms to abandon Norway's mature fields early, leaving recoverable deposits in the ground and shortening the lifetime of some projects, the head…
Norway Wants Oil & Gas Licensing Round before Christmas
Norway hopes to launch its 23rd oil and gas licensing round before Christmas, though that timeline is still subject to change, Bente Nyland, the head of the Norwegian Petroleum Directorate said on Wednesday.
No New Development Plans for Norway Oil Firms
Oil companies on Norway's continental shelf are unlikely to present any development plans for new oilfields this year, a sharp revision from previous expectations, the head…
Norway: Oil Firms Demand Excessive Offshore ROI
Oil companies in Norway are frequently demanding excessive returns on their investments, raising the risk that some oil will never be produced, Bente Nyland, the director of the Norwegian Petroleum Directorate said.
