Norway Awards Oil Permits to 11 Firms in Arctic Licensing Round
Norway has awarded 12 oil and gas exploration licences to Equinor and 10 other companies focused mostly on the Arctic, where Oslo believes it has the greatest potential…
Norway Wants to Build Floating Wind Farms
Norway's energy minister will meet with companies on Wednesday to discuss the potential construction of offshore floating wind farms, he told Reuters on Friday.The…
Norway Unhappy with Gazprom-OMV Asset Swap
Norway is not happy with the asset swap deal between Austria's OMV and Gazprom that would give the Russian gas giant access to the Norwegian continental shelf, the…
Norway Launches New Licensing Round in Mature Offshore Areas
Norway will hold a new licensing round for its offshore oil and gas fields in already opened areas, further expanding the exploration acreage available to energy firms…
Arctic Norway Terminal Plans Revived
Oil firms operating two oilfields and several oil discoveries in the Barents Sea off Norway are looking at a possibility to build an onshore oil terminal, Norway's oil minister said on Tuesday.
Statoil to Rebrand as Equinor
Rebranding would cost up to $32.5 mln but firm plans to ramp up renewables investment. Norway's Statoil plans to change its name to Equinor, reflecting its commitment…
Norway: We Must Prepare for Arctic Oil Race with Russia
Norway must identify potential offshore oil and gas reserves near its northern maritime border with Russia to better protect its economic interest in the remote Arctic region…
Statoil May Build Onshore Terminal for Castberg Oil
Norway's Statoil has begun work on a proposal to build an onshore terminal in northern Norway for handling oil from the Arctic offshore Johan Castberg oilfield and other yet-to-be-developed resources…
If Subsidized, Statoil Will Eye Norway's Offshore Wind
Norway's Statoil may take part in the country's first tender to build floating offshore wind turbines, as long as there are sufficient long-term subsidies, Chief…
Norway's Oil Industry Looks to Boost Staffing
Norwegian oil companies and their suppliers will hire more people in the coming years as the industry recovers from a slump and the price of crude rises, Norway's…
Norway: Future Castberg Revenues to Reach $16.6 bln
The potential future revenues to the Norwegian state from the Johan Castberg oilfield is estimated at 138 billion Norwegian crowns ($16.59 billion), Minister of…
Statoil Confident Eni Will Resolve Problems at Goliat Field
Norway's Statoil said on Tuesday it was confident Eni would resolve problems besetting their joint Arctic Goliat oilfield, as a shutdown there neared its second month.
Norway Expects 5-10 New Oil, Gas Field Development Plans in 2018
Oil firms will probably file between five and ten applications to develop new oil and gas fields off Norway in 2018 compared with around ten expected this year,…
Norway's Labour Calls for Debate on Oil Tax Regime
Norway should review its generous tax regime on oil drilling because of climate change, the opposition Labour party said on Monday, three weeks before a parliamentary…
Statoil's Offshore Norway Project to give 248 mln boe
Statoil submits plans (PDO) for Njord extension, Bauge field; Total $2.4 bln investments, recoverable resources 248 mln boe. * Statoil's project manager Torger Roed…
Norway: No Plan to cut Statoil Stake
The Norwegian government does not plan to cut its stake in Statoil, oil and energy Minister Terje Soeviknes told parliament on Wednesday. The government holds a 67 percent stake in the oil firm.
Oil Firms Take 'great interest' in exploring Norway's Arctic
Oil companies are expressing great interest in exploring Norway's Arctic Barents Sea ahead of the government's latest licensing round, the 24th such round since awards were first made in the 1965…
Norway Expects More Investment Decisions this Year
Norway's oil minister believes energy firms will sanction more projects this year compared to 2016, when five field development plans were presented to authorities for approval…
Norway: New Acreage for Exploration Will be Provided
Norway must continue to provide energy firms with new opportunities to explore for oil and gas, the country's newly appointed minister of petroleum and energy told Reuters on Thursday.
Norway Replaces Oil, Justice, EU Ministers Ahead of Election Year
Norway's right-wing government replaced cabinet ministers for oil and energy, European Union affairs and justice on Tuesday in a reshuffle nine months before the next general election.
