Norway/NCS ///

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.

Forget peak demand, Norway's oil chief wants more crude to pump

The renewable energy revolution doesn’t scare the man overseeing western Europe’s biggest crude oil spigot.

Arctic oil promise keeps Norway's disappointed wildcatters going

It’s been a bad year for oil explorers in Norway’s Arctic: a record campaign in the Barents Sea yielded little; the most exciting well in years proved to be a flop; and Norwegians grew increasingly skeptical about the industry that made them rich.

Aker BP receives consent to perform gas lift modifications at Tambar

The Petroleum Safety Authority of Norway has now given Aker BP consent to perform modifications relating to gas lift at Tambar. The gas lift project is part of a major field development project at Tambar.

Norway puts on the brakes, but oil-cash splurge is hard to kick

Putting on the brakes is a relative term in Scandinavia’s richest economy.

Statoil awards long-term insulation, scaffolding, surface treatment contracts

Statoil is awarding renegotiated framework agreements to Bilfinger Industrier Norge AS and Kaefer Energy AS for ISO services (insulation, scaffolding and surface treatment). Valued at a total of more than NOK 7 billion, the contracts will run until the end of 2030.

Europe's biggest oil producer considers new petroleum-tax system based on ‘climate risk’

What is 47 Bbbl in oil and gas really worth in an age where renewable sources are increasingly filling the world’s energy needs? That’s what Norway, western Europe’s biggest oil and gas producer, is asking itself.