Norway News


Norway Faces Power Deficit from 2027, Statnett Says

Nov 09, 2022

Demand for electricity in Norway will continue to outpace supply growth in the coming years, leading to a likely power deficit by 2027, transmission grid operator Statnett said on Wednesday. Power demand in Norway is expected to grow to 164 terawatt hours (TWh) in 2027, a rise of 24 TWh from current levels, largely driven by the establishment of new industries and plans to connect oil and gas platforms to the grid…

Norway Will Patrol its Oil and Gas Platforms with Help from Allies

Sep 30, 2022

Norway will receive help from Britain, Germany and France to patrol the seas around its oil and gas platforms amid suspicion that sabotage caused leaks in Nord Stream pipelines earlier this week, Norway's prime minister said on Friday.Russia's…

Oil Companies Must Boost Offshore Exploration in Norway to Unlock Potential, NPD Says

Aug 25, 2022

Oil companies in Norway must increase their exploration activity in remote regions like the Arctic Barents Sea for the country to find the remaining reserves of oil and gas beneath its oceans, the Norwegian Petroleum Directorate said on Thursday…

Norway's Climate Choice: Old Oil, Gas Fields Switch to Green Power or Close Early

Aug 15, 2022

Norway will have to phase out some of its old oil and gas fields prematurely to achieve its 2030 climate goals, unless it can use carbon-free power on more offshore platforms to cut their emissions, the country's Climate Minister Espen Barth Eide said…

Norway Approves Aker BP's Frosk Field Development Plan. First Oil in 2023

Jul 08, 2022

The Norwegian Ministry of Petroleum has approved Aker BP's plan for the development and operation of the Frosk field in the Alvheim area, in the North Sea, offshore Norway.The Frosk field, discovered in 2019, is located around 25 kilometers southwest of the Alvheim FPSO…

Norway Greenlights Increased Gas Production at Several Offshore Fields

Jul 04, 2022

Norway's oil ministry on Monday said it had approved adjusted production permits for six offshore fields but that would not change the expected amount of gas Norway would export in 2022.The Nordic country expects to sell some 122 billion cubic meters of gas this year…

Offshore Oil Workers' Strike on Equinor's Platforms Could Shut 4% of Norway's Oil Output

Jun 30, 2022

Some 74 Norwegian offshore oil workers at Equinor's Gudrun, Oseberg South and Oseberg East offshore platforms will go on strike from July 5, the Lederne trade union said on Thursday, likely shutting about 4% of Norway's oil production.The announcement by Lederne…

IEA: Norway Must Prepare for Faster Drop in Oil Demand

Jun 29, 2022

Norway must do more to prepare for a decline in its dominant oil and gas industry in the coming decades as other nations start to free themselves from petroleum dependence, the International Energy Agency (IEA) says in a new report.Western Europe's…

Norway to Boost Gas Deliveries to EU as Russian Supply Reduced

Jun 23, 2022

The European Union and Norway agreed on Thursday to cooperate to bring more gas from western Europe's biggest producer to the EU's 27 countries, nearly half of which are now grappling with cuts to Russian gas supplies.Brussels said on Thursday that 12 EU member states are facing gas cuts…

Marine Minerals – A New Opportunity for Subsea Oil and Gas Technology

Jun 15, 2022

2023 could be a significant year for subsea mining, both in Norway and internationally. Norway’s environmental impact assessment for marine mining is ongoing, and the opening of the first Norwegian area for marine mining licenses is due to be approved while the International Seabed Authority (ISA)…

Norway Eyes Major Offshore Wind Expansion with 30GW Planned by 2040

May 11, 2022

Norway unveiled plans on Wednesday for a major expansion in offshore wind energy by 2040, aiming to turn a country that has built its wealth on oil and gas into an exporter of renewable electricity.The center-left government, which has come…

Norway to Launch 1.5 GW Offshore Wind Tender

Feb 09, 2022

Norway will launch later this year its first tender for bottom-fixed offshore wind turbines in the southern North Sea, planning to develop 1.5 gigawatt of electricity that will supply the Norwegian mainland, the country's government said on Wednesday…

High Gas Prices Push Norway's Dec Trade Surplus to Record

Jan 17, 2022

Norway's trade surplus rose to a new record in December, boosted by soaring prices for its natural gas exports, national statistics agency data showed on Monday.The December surplus hit 106 billion Norwegian crowns ($12.09 billion), beating a previous record of 84…

Southern Norway Seen Tipping into Power Deficit by 2026 as Offshore Platform Electrification Grows

Dec 10, 2021

Norway's power production surplus is expected to fall significantly by 2026, with the south of the country moving into deficit owing to rapidly increasing demand, power grid operator Statnett said on Friday.Power demand in Norway is expected to grow to 158 terawatt-hours (TWh) by 2026…

Lundin Energy Norway Names New Managing Director

Dec 02, 2021

Kristin Færøvik, Managing Director of Lundin Energy Norway, a Norwegian subsidiary of the Swedish oil firm Lundin, will retire from her position on December 31, 2021. Morten Grini has been appointed as the new Managing Director from January 1…

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