Norway scraps «below the line» financing
The Government shelves «below the line» financing The Norwegian Government shelves its proposal to spend billions in addition to the regular state budget to finance…
Oil
WWF critical of record oil production licenses
WWF critical of record oil production licenses on the NCS WWF is critical of the fact that the Norwegian Government has granted 83 production licenses…
Oil fairytale continues despite a downturn
Oil fairytale continues despite a downturn in 2018 Petroleum related news: There was a decrease in both gas and oil sales in 2018, preliminary figures…
Zero critical to gas effort in India
Zero critical to Norwegian natural gas effort in India India is thirsting for energy, and the Government wants to bring Norwegian gas to the market….
Near doubling of petroleum tax last year
Near doubling of the petroleum tax in Norway last year Increased oil prices have contributed to a jump in tax revenues. The petroleum tax for…
Oil and Offshore crack in Oslo
Hegnar.no: Oil and Offshore crack in Oslo The oil prices have experienced the longest decline in 34 years. Huge values have disappeared for shareholders in…
5,000 litres of oil leaked into the Alna River
5,000 litres of diesel oil leaked into the Alna River, Oslo The fire department in Oslo estimates that around 5,000 litres of diesel oil has…
Equinor upgrades Cape Vulture
Equinor upgrades the Cape Vulture oil find Equinor (Statoil) and partners hike the minimum value of the Cape Vulture discovery in the Norwegian Sea. The…
Equinor should pull out of the Bight
Equinor should quit the Great Australian Bight The Australian Wilderness Society in a press release urges Equinor to pull out of their involvement in the Great Australian…
Several thousand liters of oil leaked into Horten
Up to 2,500 liters of cable oil has leaked into the ground at the Statnett plant in Horten. The company strongly regrets the incident. …
Johan Sverdrup phase 2: – A new milestone for Norway’s largest industrial project
– The development plans for Johan Sverdrup phase 2 means that Norway’s largest industrial project is passing a new milestone, says Minister of Petroleum and…
Oil price dropped dramatically
Oil price dropped dramatically on Wednesday The price of both American light crude and North Sea oil dropped on Wednesday evening (CST). The dramatic development…
Decision by the Young Conservatives to legalize ignored
Decision by the Young Conservatives to legalize will not change anything On Saturday, the Young Conservatives may vote for decriminalization of all narcotics, as well…
Norwegians have greater belief in the fishing industry than oil
Several Norwegians believe more in fish than oil as the main industry of the future. “Then we have not done our job,” said Oljenæringa (the…
Chevron drags Statoil into climate law case
Chevron involves Statoil in climate case The Oil giant Chevron requires Statoil to join in and split the bill if the company has to pay…
Ocean Installer with huge contract for Statoil
Ocean Installer with huge contract for Statoil The contract concerns marine operations related to a Statoil project, Johan Castberg, in the Barents Sea. This…
Reported incorrect Goliath figures
Søviknes reported incorrect Goliath figures to the Parliament Minister of Petroleum and Energy, Terje Søviknes, reported incorrect information to the Parliament about when the Goliat…
Søviknes: – Voters in Oslo do not understand the value of oil
Minister of Petroleum and Energy Terje Søviknes (Progress Party) believes it is worrisome that some parties do not want to further develop the oil industry…
Siv Jensen visits Money bin in the North Sea
The Minister of Finance visits Money bin in the North Sea On Tuesday, Finance Minister Siv Jensen visited the Valhall oil field in the southern part…
Collision course with the Paris Agreement
Report: Norway’s oil plans on collision course with the Paris Agreement Norway’s planned oil and gas production for the years to come is not consistent…