Norway. News


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, the smallest of Norway's three oil workers' unions, follows a vote by its members to reject a wage deal negotiated with oil companies.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…

Norway: Johan Sverdrup Crude Loadings to Drop in January

Nov 30, 2021

Exports of Norway's major crude stream Johan Sverdrup will drop sharply in January to 471,000 barrels per day (bpd) compared with 536,000 bpd in December, a loading program showed on Tuesday.The program is the smallest since July this year.…

Aker BP Gets Drilling Permit for Lyderhorn East Offshore Well

Oct 18, 2021

Norwegian oil firm Aker BP has received a drilling permit for an exploration well to be drilled in the North Sea, offshore Norway.The well 24/12-7 - known as Lyderhorn East prospect -  is located in the production license 1041. It will be drilled…

Gas Exports Lift Norway Trade Surplus Record High

Oct 15, 2021

Norway's trade surplus rose last month to a record level thanks to soaring revenues from selling gas from its offshore fields, national statistics agency (SSB) data showed on Friday.With a daily output of around four million barrels of oil equivalent…

Norway: Lundin Drills Duster at Merckx Prospect in North Sea

Oct 08, 2021

Swedish oil company Lundin Energy has failed to find hydrocarbons at its Merckx prospect in the North Sea, offshore Norway.The Norwegian Petroleum Directorate said Friday that Lundin, as the operator of production licence 981 where the well is located…

UK and Norway Sign Deal On New Power Interconnector

Sep 17, 2021

Britain and Norway on Thursday signed a bilateral treaty on electricity interconnection to help formalize power trading between the two countries, Britain's ministry for business and energy (BEIS) said.The agreement comes ahead of the start…

Norway's Offshore Licensing Round Attracts Bids from 31 Oil Firms

Sep 15, 2021

Norway's annual licensing round of new acreage for oil and gas exploration, including some in the Arctic Barents Sea, has attracted bids from 31 oil companies, the country's energy ministry said on Wednesday.The ministry's announcement follows…

Current News

Repsol Sinopec Names VP Decommissioning and Energy Transition

Repsol Sinopec Names VP Decommissioning and Energy Transition

Longboat Energy Farms Into Two Offshore Exploration Prospects in Norway

Longboat Energy Farms Into Two Offshore Exploration Prospects in Norway

India Imposes A Windfall Tax On Oil Producers and Export Duties For Oil Products

India Imposes A Windfall Tax On Oil Producers and Export Duties For Oil Products

U.S. to Add 6 GW of Offshore Wind Capacity Through 2029 -EIA

U.S. to Add 6 GW of Offshore Wind Capacity Through 2029 -EIA

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