Norway News

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's Socialists Pull Out of Talks to Form Majority Government over Climate Policy

Sep 29, 2021

Norway's Socialist Left Party said on Wednesday it had pulled out of talks to form a majority coalition government following this month's election, a move likely to lead to the formation of a minority centre-left administration.Labour, the Centre…

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…

RWE, NTE, Havfram to Bid for Floating Wind Rights in Norway

Sep 10, 2021

Renewable energy firms RWE and NTE, and offshore services company Havfram, have signed a deal to jointly participate Norwegian government’s tender for floating offshore wind energy, which will begin later this year. By 2030, Norway, one of Europe's largest oil and gas producers…

Norway Proposes Overhaul of Petroleum Tax System

Aug 31, 2021

Norway's government has proposed overhauling taxation of its oil and gas firms by scrapping some incentives, it said in a surprise announcement on Tuesday, further heating up a pre-election debate over the future of the country's top industry…

Police End Activists' Blockade of Norwegian Oil Ministry

Aug 24, 2021

Scores of Extinction Rebellion activists blocked access to Norway's oil and energy ministry for more than five hours on Monday, before police cleared the demonstration and made arrests.Around 17 campaigners, some with 'Ban oil' written on their palms…

Neptune Energy Brings Online Duva Field, Off Norway

Aug 23, 2021

Neptune Energy-operated Duva offshore development in Norway has started production, making it Neptune’s third major project to come onstream in 2021 after following Gjøa P1 in Norway in February and Merakes in Indonesia in April. Located in the North Sea off Norway…

Macquarie’s GIG joins Vårgrønn and Agder Energi in Bid to Develop Offshore Wind in Norway

Aug 13, 2021

Macquarie’s Green Investment Group has joined Vårgrønn and Agder Energi in a consortium working to develop offshore wind in Norway’s Sørlige Nordsjø II zone.The consortium will bid for a site in the Norwegian Sørlige Nordsjø II area, comprising up to 3 GW of new offshore wind capacity…

Seven Oil Firms Offered Offshore Acreage in Norway's 25th Licensing Round

Jun 23, 2021

Norway has awarded four exploration licenses to seven oil companies that include three for the Barents Sea in the Arctic in a sign that the country aims to continue to pump hydrocarbons for decades to come.The awards were part of Norway's so…

Greener Oil or Green Industry? Gridlock Puts Norway in a Bind

Jun 23, 2021

Norway’s oil and gas industry is counting on renewable power from hydro plants to cut emissions from its offshore platforms but rival demand from the green economy is putting a spanner in the works.The decision to keep investing in new oil and…

Shell Teams Up with BKK, Lyse to Bid in Norway's 1st Offshore Wind Tender

Jun 17, 2021

Oil major Shell teamed up with Norwegian utilities BKK and Lyse to bid in the Nordic country’s first offshore wind tender expected next year, the companies said on Thursday.Shell has been active in oil and gas extraction on the Norwegian continental shelf for several decades…

Norway Not Giving Up on Oil, Gas in Push for Greener Energy

Jun 11, 2021

Norway is betting on hydrogen and offshore wind for its energy transition but will continue to extract oil and gas until 2050 and beyond, the center-right government said as it presented its long-term energy strategy on Friday.Europe's second…

Ørsted Joins Norwegian Offshore Wind Venture to Compete in Upcoming Bid Round

Jun 09, 2021

Ørsted, the world's largest offshore wind developer, has joined a consortium with Fred. Olsen Renewables and Hafslund Eco with the aim to compete in Norway's upcoming application round for offshore wind areas.'The Norwegian part of the North…

Norway and Germany Open NordLink Power Cable

May 27, 2021

Germany and Norway officially opened NordLink on Thursday, a direct power cable between the two countries that will provide Europe's largest economy with green energy at a time it is phasing out polluting coal power.Norway's electricity production…

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