Norway Oil Companies Lower 2017 Spending Plans
Norway's oil companies have lowered their 2017 investment plans, a Statistics Norway survey showed on Wednesday, raising the chances of a central bank interest rate cut in the coming months. Norway's biggest…
Norway: Growth Outlook Cut on Oil Sector Worries
Mainland GDP growth to slow to 1.3 pct in 2015. Norway will dip into its saved-up oil wealth more than expected this year as the energy sector shrinks and growth slows, but plans no major policy adjustment as the economy is seen rebounding next year…
Prosafe Slashes Dividend Target, cites Sector Weakness
Offshore accommodation rig provider Prosafe cuts its near term dividend target on Wednesday as the offshore oil sector continued to weaken on capital spending cuts and a near 30 percent fall in crude oil prices since June.
Cost Blowouts on Norway's New Oil Developments
Several key oil and gas developments in Norway will cost much more than earlier expected and fields with approved development plans are now seen 10 percent more expensive than originally planned, the oil and energy ministry said on Wednesday.
Shell drops Norwegian subsea gas project
Royal Dutch Shell has dropped one of Norway's biggest and most innovative industrial projects due to rising costs and complexity, dealing a blow to a technology that some hope could revolutionise offshore production.
