Norway's Prime Minister says Europe shouldn't cap gas prices
The Norwegian prime minister said that Europe should not cap the price of natural gas, even though costs are rising due to the conflict in the Middle East. The benchmark TTF front-month…
Equinor, a Norwegian company, wants to keep gas and oil exports high despite the rising prices
The Norwegian energy company Equinor is focusing on maintaining high levels of regularity when it comes to its exports of crude oil and natural gases to Europe. This is because the Iran…
Equinor discovers oil in the North Sea and looks to rapid development
Equinor, a state-controlled Norwegian operator, and its partners have discovered oil near the Snorre field in the North Sea and plan to develop the reserves "rapidly and efficiently". Norway's Offshore Directorate…
Shell inspects subsea gear at the curtailed Ormen Lange Gas Field
Shell has been troubleshooting a subsea system at its Ormen Lange offshore gas field in the Norwegian Sea, where output has been reduced since February 16. Shell Norway mobilised a ship…
Norway oil investment set to decline by 2026, according to a survey
A 'quarterly survey' of the oil and gas industry revealed on Thursday that Norwegian investments in the sector are likely to?decline this year and next, as fewer new projects are being…
Norway Wealth Fund seeks investment in battery storage as the market matures
Norway's sovereign fund announced on Wednesday that it hopes to make its initial investments in battery storage systems. This reflects the increasing importance of batteries for stabilising…
Aker BP raises dividend despite 2026 output dip
Aker BP, a Norwegian oil firm, announced on Wednesday that it will increase its quarterly dividend by 5% in '2026 despite an anticipated decline in production. Its profit for the last quarter of 2017 was below expectations.
Aker Solutions boosts 2026 revenue outlook, raises dividend
Norwegian enginering group Aker Solutions on Friday raised its ?2026 revenue outlook, predicting a smaller decline ?than previously forecast, and proposed ?a ?bigger-than-expected dividend payment for last year…
Norway Parliament rejects any challenge to LNG plant power supply
The Norwegian parliament rejected on Thursday a proposal that would have blocked?Equinor from supplying electricity to its Hammerfest LNG plant using the power grid of the region. This…
Equinor sells Argentina assets for $1.1 billion
Norwegian oil company Equinor announced on Monday that it had agreed to sell its onshore assets in Argentina's basin of Vaca Muerta for $1.1 billion to Vista Energy, while keeping all its offshore assets.
Norway awards 57 drilling licenses in offshore oil and gas exploration round
Norway's Energy Minister told an industry conference that the country awarded shares in 57 offshore oil exploration licenses to 19 companies as part of its annual licensing round. The number…
Norway will outline future oil and gas drilling in its 2027 policy update
The Norwegian government announced 'on Monday' that it would present to the parliament a document next year on 'the future of oil and gas', which will include companies' access rights to exploration land.
Orsted contests US stoppage of its $5 Billion offshore wind project
Orsted, a Danish company, said it would seek an injunction to stop its $5 billion offshore wind project after the U.S. government suspended the lease of its Revolution Wind joint-venture.
Equinor looks at its role in expanding Germany's gas capacity
A senior executive at Equinor said that the Norwegian energy company is considering its options to participate in a German gas-fired plant tender, but needs more information before taking a decision.
Norway loses an appeal over oilfield development
The Norwegian Court of Appeal ruled against the government and in favor of environmentalists on Friday, confirming the lower court's ruling that the approval by the Energy Ministry of three offshore oil-and-gas fields was invalid.
Norway oil companies raise 2026 investment outlook, survey shows
A survey by the Norwegian Statistics Office of industry participants showed that their estimated investments for 2026 have increased compared to three-month estimates. Norway is the world's second largest oil producer…
Norway's Kongsberg Group to spin-off maritime business through IPO
Norwegian defence contractor Kongsberg Gruppen - maker of the Joint Strike Missile system - announced on Thursday that it would spin off its civilian focused Kongsberg Maritime in an initial public offer on the Oslo Bourse.
Equinor anticipates a tighter European gas markets this winter
Equinor's chief financial officer said on Wednesday that the outlook for Europe's gas market is tighter this winter than most had anticipated, as storage levels in Europe are 12 percentage…
Equinor Q3 core profits fall more than expected
Equinor announced a 9.9% decline in its third quarter profits, which was higher than expected. Oil and gas prices have fallen since a year earlier. The company has maintained its production forecast.
The European Court of Human Rights rejects the climate case against Norway Oil
The European Court of Human Rights ruled on Tuesday in favor of the Norwegian Government in a case brought by young activists for climate change who claimed that the country's Arctic oil…