Post Tagged with: "Norway"

Equinor Site Remains Shut In Following Drilling Rig Fire in Karnes County

Equinor Site Remains Shut In Following Drilling Rig Fire in Karnes County

From The Houston Chronicle


A natural gas well belonging to the Norwegian oil giant Equinor remains shut in following a weekend fire at one of its drilling sites in Karnes County.

The fire happened at Equinor’s Neller-Runge 1-Runge 2 lease …

Source: Boor Drilling

Borr Drilling Goes Public

By Tyler Losier, Energy Reporter, Oil & Gas 360

Borr Drilling Limited launches IPO of five million common shares
Borr Drilling (stock ticker: BORR), an international drilling contractor headquartered in Bermuda, has launched an initial public offering (IPO) in the

Source: Equinor

Equinor Trades Up to Boost Interest in Johan Sverdrup Field

By Tyler Losier, Energy Reporter, Oil & Gas 360

Equinor swaps 16% stake in Lundin for $1.5 billion, buys 2.6% stake in Johan Sverdrup field on Norwegian continental shelf for $910 million
Norwegian supermajor Equinor ASA (stock ticker: EQNR) has

Fear Grips Norway’s Oil Industry as Political Risk Explodes

Fear Grips Norway’s Oil Industry as Political Risk Explodes

From Bloomberg

Oil companies in Norway may pay some of the highest taxes and wages in the world but they could always count on support in the halls of power.

Then last week the country’s biggest political party pulled out …

April 12, 2019 - 5:56 pm Closing Bell Story‎, Crude Oil News, Energy News
Labour Party of Norway Commits to Permanently Banning Oil Exploration in Norwegian Arctic

Labour Party of Norway Commits to Permanently Banning Oil Exploration in Norwegian Arctic

Labour Party of Norway Commits to Permanently Banning Oil Exploration in Norwegian Arctic

Lundin Plans $747 Million Oilfield Development in Norway

Lundin Plans $747 Million Oilfield Development in Norway

From Reuters

Lundin Petroleum announced plans on Wednesday develop its Solveig oilfield, formerly known as Luno II, offshore Norway at a cost of 6.4 billion Norwegian crowns ($747 million).

The development and operation plan for the North Sea field called …

Big Oil Is Safe From Norway Divestments, for Now

Big Oil Is Safe From Norway Divestments, for Now

From Bloomberg

The oil majors are safe from divestments from the world’s largest wealth fund — for now.

Plans presented last week by the Norwegian government to get the fund out of smaller oil and gas explorers were broadly welcomed …

March 12, 2019 - 4:44 pm Closing Bell Story‎, Energy News
Norway’s Equinor aims to start oil exploration off Australia in 2020

Norway’s Equinor aims to start oil exploration off Australia in 2020

From Reuters

Norway’s Equinor SA on Tuesday said it plans to explore for oil in deep waters off the coast of South Australia in late 2020 and released a draft environmental assessment for the project to head off community protests.…

February 19, 2019 - 2:10 pm Closing Bell Story‎, Crude Oil News, Energy News
The Curious Case of Norway’s 60 Million Barrels of Missing Oil

The Curious Case of Norway’s 60 Million Barrels of Missing Oil

From Bloomberg

Norway has built a reputation as one of the calmest and most predictable corners of the global oil industry, but lately it’s been full of surprises.

During the worst downturn in a generation, from 2014 to 2016, companies …

February 4, 2019 - 5:07 pm Closing Bell Story‎, Crude Oil News
Norway Ready to Claim Share of Any Russian Arctic Oil and Gas Finds

Norway Ready to Claim Share of Any Russian Arctic Oil and Gas Finds

From Reuters

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 Directorate (NPD) said on Thursday.…

January 11, 2019 - 12:18 pm Closing Bell Story‎, Energy News, Offshore
Norway cuts oil output forecast for 2019 to 30-year low

Norway cuts oil output forecast for 2019 to 30-year low

From Reuters

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 oil industry regulator said on Thursday.

Investment in Western Europe’s …

January 10, 2019 - 4:59 pm Closing Bell Story‎, Crude Oil News, Energy News
Top Oil Lobbyist Warns of Rising Political Risk in Norway

Top Oil Lobbyist Warns of Rising Political Risk in Norway

From Bloomberg

Norway’s oil industry is in full recovery mode, but the country’s top petroleum lobbyist is worried about growing opposition ahead.

At the same time as it gave a big boost to investment forecasts for the next five years, …

January 7, 2019 - 4:06 pm Closing Bell Story‎, Crude Oil News, Energy News, Offshore
Norwegian Oil, Gas Plants Shut After Tanker, Frigate Collide

Norwegian Oil, Gas Plants Shut After Tanker, Frigate Collide

From Reuters

An oil tanker and a Norwegian navy frigate collided off Norway’s west coast on Thursday, injuring eight people and triggering the temporary shutdown of a North Sea crude export terminal, Norway’s top gas processing plant and several offshore …

November 8, 2018 - 12:10 pm Closing Bell Story‎, Crude Oil News, Energy News
Eni Norge and Point Resources to Merge, Forming New Company

Eni Norge and Point Resources to Merge, Forming New Company

New company plans to invest $8 billion over 5 years 

Italian based energy company Eni and Norwegian based private equity investor HitecVision have announced an agreement to merge Point Resources AS into Eni Norge AS, which will be renamed as …

Photographer: Espen Ronnevik / Woldcam

Norwegian Barents Sea Cools as Oil Companies Look Elsewhere

11 companies applied for licenses

Norway announced the applicants for its 24th licensing sale, showing a significant decrease in interest in the country.

The round offers blocks in the Barents Sea, which is considered the most important area in …

Valhall Drilling Platform, Norway

Aker BP Closes Hess Norge Deal at $2 Billion

Norwegian Aker BP (ticker: AKERBP) and Hess Corporation (ticker: HES) have completed the previously announced sale of Hess Norge to Aker BP for $2 billion, effective January 1, 2017.

Hess Norge owns interests in the Valhall (64.05%) and Hod (62.5%) …

As the Original Brent Field Fades Away, Brent Oil Pricing to Get a New Component

As the Original Brent Field Fades Away, Brent Oil Pricing to Get a New Component

Norway’s Troll crude oil to become part of the Brent benchmark price assessment: EIA

Despite the continuing importance of the Brent price benchmark, actual crude oil production from the original Brent field will soon end after more than 40 years …

Is Wind Giant DONG Energy Selling its Oil & Gas Segment, or Not?

Is Wind Giant DONG Energy Selling its Oil & Gas Segment, or Not?

DONG says oil & gas segment is “not considered a long-term strategic commitment” – DONG engages J.P. Morgan to conduct a market assessment

Denmark-based wind energy developer DONG Energy (ticker: DENERG) successfully launched Europe’s biggest 2016 IPO in June. Besides …

Statoil Celebrates 5 Billion Barrels from Statfjord

Statoil Celebrates 5 Billion Barrels from Statfjord

On Monday minister of petroleum and energy Tord Lien together with Statoil (ticker: STO), Centrica (ticker: CNA) and ExxonMobil (ticker: XOM) celebrated the 5 billion barrels of oil equivalent delivered by Statfjord since first oil in 1979.

The minister got

Oil Prices Climb on Lower Inventories and a Potential Strike in Norway

Oil Prices Climb on Lower Inventories and a Potential Strike in Norway

U.S. crude oil stocks fell 4.1 million barrels

Crude oil prices continued to rally today after taking a dive following the Brexit vote last week.

Investors fleeing the pound sterling strengthened the dollar and yen substantially, creating downward pressure on

Value of Norway’s Oil and Gas Fields Down 34%

Value of Norway’s Oil and Gas Fields Down 34%

Natural gas “is the single most important driver” in the $50 billion decline in the value of Norway’s oil and gas assets

Low oil and gas prices have hit Norway hard, according to the country’s government. The value of Norway’s …

BP’s $1.3 Billion Norway Spinoff Results in Europe’s Largest Independent E&P

BP’s $1.3 Billion Norway Spinoff Results in Europe’s Largest Independent E&P

BP mergers Norway assets Det Norske for $1.3 billion

London-based BP (ticker: BP) announced that it will spin off its Norwegian oil and gas fields, combining them in a new, publicly traded company with Norwegian firm Det Norske Oljeselskap ASA. …

European Strikes Could Affect Entire Oil & Gas Supply Chain

European Strikes Could Affect Entire Oil & Gas Supply Chain

Oil refinery strikers take their toll on French gas stations ahead of the European Soccer Championship

A bill passed by French President Francois Hollande’s government that would make hiring and firing easier in France has met with strikes from French …

Norway Offers New Acreage on its Continental Shelf for the First Time Since 1994

Norway Offers New Acreage on its Continental Shelf for the First Time Since 1994

2011 treaty opens up new areas of exploration offshore Norway

The Norwegian Ministry of Petroleum and Energy is expected to announce the rewards of the 23rd licensing round on the Norwegian continental shelf (NCS) late in the first half …

Norway Surpasses Russia as Western Europe’s Top Gas Supplier

Norway Surpasses Russia as Western Europe’s Top Gas Supplier

Efforts to cut gas supplies from Russia appear to be working

Norway state-owned gas operator Gassco reported that the country exported 29.2 Bcm of gas to western Europe in the first quarter of the year, overtaking Russian exports to Europe …

May 26, 2015 - 1:11 pm International, Oil and Gas 360 Articles
North Sea Project Begins Production

North Sea Project Begins Production

Det Norske announced today first production from offshore of Norway

Det Norske Oljeselskap ASA, in partnership with Core Energy AS and Lundin Norway AS (ticker: LUPE) announced the production of first oil from their offshore project in the Bøyla field. …

January 19, 2015 - 1:39 pm Offshore, Oil and Gas 360 Articles