All publications by tag «NORWAY»
2016, June, 10, 14:20:00
NORWEGIAN MERGER
Oil companies BP (BP.L) and Det norske (DETNOR.OL) have agreed to merge their Norwegian businesses in a $1.3 billion all-share deal to cut costs, challenge Statoil's (STL.OL) dominance of the local industry and look for more acquisitions.
2016, May, 26, 20:25:00
NORWEGIAN OIL WILL DOWN
Oil companies operating in Norway expect to spend 153.2 billion kroner ($18.47 billion) on exploration and production next year, the weakest figure since 2011 and nearly a third below the sector’s all-time high of NOK220.7 billion two years ago. In 2016, they expect to spend NOK165.9 billion on exploration and production, down from NOK195.4 billion a year earlier and 1% below a similar estimate made in February.
2016, May, 22, 15:25:00
THE NEW NORWEGIAN LICENSES
The Barents Sea is characterized by low exploration maturity with a high resource potential. Operators have discovered 3.3 billion boe in the Barents Sea since exploration began, and the region has an estimated undiscovered potential of 7.6 billion boe. About 5 billion boe is expected to gas and condensate.
2016, February, 28, 20:50:00
NORWEGIAN GAS FOR EUROPE
Citing his support for development of a competitive natural gas market in Europe, Norway's minister of petroleum and energy, Tord Lien, said a well functioning market in Europe is crucial for the maximisation of Norwegian assets. “Gas is there if Europe needs it.”
2015, December, 8, 19:25:00
NOV VARCO CUTS 900 JOBS
U.S. oilfield equipment maker National Oilwell Varco Inc will cut its Norwegian workforce by another 900 people after low oil prices resulted in fewer orders, the company said on Monday.
2015, December, 4, 21:25:00
NORWAY CUTS PRODUCTION
“Lower activity in the oil sector is having a damping effect on growth prospects for most sectors, while the level of activity is expected to be sustained by rising growth in public investment,” the central bank said in the report.
2015, December, 3, 19:35:00
NORWAY NEEDS GUARANTEES
Norway traditionally vies with Russia to be the EU’s top gas supplier, providing about 30 per cent of import demand. In terms of energy security, EU officials hail Norway as a model of stability compared with the political and commercial risks associated with Russia and Algeria.
2015, November, 25, 19:45:00
NORWAY'S INVESTMENTS WILL FALL 9.3%
‘The latest estimates for 2016 show that total investments are expected to amount to NOK 219.4 billion. This is 5.4 per cent lower than the corresponding figure for 2015. The decline is mainly due to a fall of 9.3 per cent within oil and gas’ reads the statement.
2015, November, 15, 14:15:00
NORWAY'S GAS UP
"The total petroleum production for the first ten months in 2015 is about 188.6 million Sm3 [standard cubic metres] oil equivalents (MSm3 o.e.), broken down as follows: about 74.9 MSm3 o.e. of oil, about 18.2 MSm3 o.e. of NGL and condensate and about 95.5 MSm3 o.e. of gas for sale. The total volume is 10.3 MSm3 o.e. higher than for the same period in 2014," the Norwegian Petroleum Directorate (NPD) wrote on Friday.
2015, November, 11, 19:45:00
RELIABLE PARTNERS FOR EUROPE
“Russia plays a central role in the question of how we Europeans can secure our energy supply,” Schroeder, whose friendship with Russian President Vladimir Putin has been controversial in Germany, said at the Nov. 9 event. “Norway and Russia are the most secure and reliable energy partners for Europe.”