Norway/NCS ///

Wintershall granted drilling permit for wildcat southwest of Aasta Hansteen

The Norwegian Petroleum Directorate has granted Wintershall Norge AS a drilling permit for well 6604/5-1, cf. Section 8 of the Resource Management Regulations.

Oil industry shows signs of life after Norway wealth fund shock

A week after Norway’s $1-trillion sovereign wealth fund said it wanted to get out of oil and gas investments, the latest spending plans from oil companies show how the country’s not about to quit petroleum.

Lundin announces non-commercial gas discovery on Hufsa prospect

Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS has completed the drilling of exploration well 7219/12-2 on the Hufsa prospect in PL533 in the southern Barents Sea. A non-commercial gas discovery was made in the main well while the sidetrack was dry.

Norway's oil bosses insist end isn't nigh after $35-billion shock

Can Norway dump $35 billion in oil and gas investments, and simultaneously convince that same industry to throw money into the country’s own fossil-fuel future? After the initial shock of learning that Norway’s $1 trillion wealth fund wants nothing to do with it, the petroleum industry says both are in fact possible.

Drilling permit for Norwegian wildcat well granted to OMV Norge

The Norwegian Petroleum Directorate (NPD) has granted OMV (Norge) AS a drilling permit for well 6506/11-10, cf. Section 8 of the Resource Management Regulations.

Norway idea to exit oil stocks is `shot heard around the world'

Norway’s proposal to sell off $35 billion in oil and gas stocks brings sudden and unparalleled heft to a once-grassroots movement to enlist investors in the fight against climate change.

Consent granted for start-up of production from Maria field

The Norwegian Petroleum Directorate has granted consent for start-up of production from the Maria field in the Norwegian Sea.

Well-Safe Solutions secures its first contract with TAQA Bratani

Well-Safe Solutions has signed its first contract after launching in July this year.

Statoil plans to step up exploration after driving down costs

Statoil ASA plans to step up drilling in Norway for a second consecutive year, in the first indication it has given of its exploration plans for 2018.

Norway's $1-trillion wealth fund wants out of oil and gas stocks

Norway’s $1 trillion sovereign wealth fund proposed dumping about $35 billion in oil and gas stocks, including Shell and Exxon Mobil, to protect the economy of western Europe’s biggest petroleum producer.

Statoil granted drilling permit for appraisal well west of Oseberg field

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for wellbore 30/8-5, cf. Section 8 of the Resource Management Regulations.

Statoil unveils Norway’s first platform to be remote-operated from land

The opening of the Valemon control room was celebrated today at Sandsli in Bergen. Valemon will be the first platform in Statoil’s portfolio to be remote-controlled from land.

Lundin Norway granted drilling permit for wildcat in PL 533

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for wellbore 7219/12-3 S, cf. Section 8 of the Resource Management Regulations.

Lundin Petroleum granted drilling permit for North Sea appraisal well

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for wellbore 7219/12-2 A S, cf. Section 8 of the Resource Management Regulations.

Engie E&P increases resource estimate on Cara discovery

Engie E&P, the operator of the Cara-license (PL 636) in the Norwegian sector of the North Sea, is increasing the resource estimate. Engie E&P now estimates that the Cara discovery contains 56 to 94 MMboe.

New standards for transport, storage of carbon dioxide announced

Two international standards for storage and transport of carbon dioxide (CO2) will be launched today. The standards were developed by experts from 16 countries.

Crude output threatened as Norway explorers neglect North Sea

Oil explorers are neglecting their old hunting grounds in the North Sea, threatening to deepen an expected slump in Norway’s output in the middle of the next decade, the country’s industry regulator warned.

Norway keeps rates at record low to back recovery from oil slump

Norway’s central bank decided to keep its benchmark rate unchanged at a record low to support an economic recovery as the country exits the worst downturn in its oil industry in a generation.

Faroe Petroleum begins drilling operations at Tambar in Norway

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, has announced that drilling operations have commenced on the Tambar development project in the producing Tambar field in Norway.

Hess Corp. to sell interests in Norway, Denmark

Hess Corporation has announced several additional steps in the continued execution of its strategic plan to further focus the company’s portfolio and allocate capital to higher return assets.