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…
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'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…
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…
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…
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…
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 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 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…
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…
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…
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…
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…
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…
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…
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