Investors managing $630bn react to Norway oil ‘revolution’
Asset management in the Nordic region is dominated by Norway’s $1 trillion sovereign wealth fund, which last week said it wants to exit all its oil and gas stocks.
Norway
Aker BP in oil rig pacts with Halliburton, Maersk and Odfjell
Aker BP has entered into two separate drilling and well pacts.
Norway oil bosses insist end isn’t nigh after $35bn 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?
Statoil dishes out £375m Castberg contract
Statoil has awarded Sembcorp Marine in Singapore the £375million contract to build the hull and integrated living quarters for the vessel which will serve the Johan Castberg field in the Barents Sea.
Statoil and project partners to invest £90m in Fram field
Statoil and its project partners in the Fram field off Norway have agreed to invest more than £90million to increase production from the asset.
Lundin to drill Barents Sea wildcat well
Norway has given Swedish firm Lundin permission to drill a wildcat well in the Barents Sea. The Leiv Eiriksson rig will carry out the drilling campaign on licence area 533. Lundin operates the licence and holds a 35% stake. Aker BP also has 35% while DEA has 30%.
Billionaire Fredriksen’s latest venture admitted to Oslo Stock Exchange
The Oslo Stock Exchange will admit the shares of a new offshore drilling contractor set up by billionaire John Fredriksen.
Akastor to earn $142m from joint venture agreement with Mitsui
Norwegian oil service investment firm Akastor said today that a Japanese business had provisionally agreed to buy into one of its portfolio companies.
Profits rise at Aker Solutions as savings drive pays off
Norwegian oil service firm Aker Solutions posted an increase in third quarter profits thanks to a cost efficiency drive and its involvement in major projects.
Saetre to carry on as Statoil CEO despite nearing retirement age
Statoil's chief executive will continue in his role after deciding not to exercise his contractual right to retire at the age of 62.
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.
Statoil cleared to drill exploration well
Norway’s offshore safety watchdog has given Statoil permission to drill an exploration well in the North Sea. Drilling of the Tune Statfjord prospect on production licence 190 is expected to start in November and last about 100 days. Deepsea Atlantic semi-submersible rig, operated by Odfjell Drilling, will be used on the drilling campaign.
Statoil’s Aasta Hansteen topside leaves for Norway
The 24,000 tonne topside for the Aasta Hansteen platform has set sail to Norway from South Korea onboard the Dockwise White Marlin.
Lundin’s Barents Sea wildcat well a failure
Swedish firm Lundin Petroleum's Borselv well in the Barents Sea is dry, Norwegian authorities said today.
HitecVision restructures Apply following £37.5m investment
Norwegian private equity fund HitecVision has restructured oil service group Apply after more than doubling its stake through a £37.5million investment.
Statoil hits Norwegian emissions target two years early
Statoil said today that it had reached its 2020 carbon emissions reduction target already.
Wintershall to use North Atlantic Drilling rig on Norway well
Norway has given German firm Wintershall permission to drill an exploration well on the Balderbra prospect in the Norwegian Sea.
Inpex buys into company’s first Norwegian project
Japanese firm Inpex has agreed to buy a 40% stake in a licence in the Barents Sea from Bayerngas.
Norwegian safety body finds fault with Visund A platform
Norway’s offshore safety watchdog said today that it had uncovered a number of flaws in Statoil’s drilling and well operations on the Visund A facility.
OMV strikes oil on Barents well
Austrian oil company OMV’s appraisal well on the Wisting discovery in the Barents Sea has encountered an oil column, the Norwegian Petroleum Directorate (NPD) said today.
Statoil, Eni hand Bristow contracts for Barents work
Statoil and Eni have jointly awarded Bristow contracts for two Sikorsky S92 helicopters operating out of Hammerfest, Norway.