Tagged: oil

The great economic divide

Norway’s oil and gas sector brings growth to some businesses, while others struggle with high costs On Feb. 9, Norsk Industri presented its annual assessment of current condition and outlook for the year. “We...

Statoil posts Q2 profit surge

By IAN MacDOUGALL (AP) OSLO, Norway — Norwegian oil company Statoil ASA said second-quarter net profit surged to 3.6 billion kroner ($584 million) from only 77 million kroner a year earlier, as increased production...

Statoil named as possible buyer of BP assets

28 July 2010 – Norwegian oil major Statoil ASA (OSL: STL) could be one of the potential buyers now when UK energy major BP (LON: BP) will sell assets worth USD30bn to cover its...

Wintershall hits target off Mid-Norway

ABERDEEN, UK – Wintershall Norge has discovered oil in the Maria prospect in Mid-Norway’s Halten Terrace region. According to partner Faroe Petroleum, well 6406/3-8 T2 intersected a thicker than expected gross oil column of...

Norway powers North Sea floating platform from land

OSLO, July 15 (Reuters) – In an effort to limit emissions of carbon dioxide, Norway’s biggest oil and gas producer Statoil (STL.OL: Quote) has powered up its first floating offshore platform with electricity from...

Lofoten has less oil than expected

The sea areas off Lofoten and Vesterålen contains less oil and gas than the industry has believed. NPD’s new estimate is 1.3 billion barrels. It is far less than what the Norwegian Oil Industry...

Aker Solutions wins major contract for two FPSOs in Brazil

Aker Solutions has signed a major contract with Petrobras to supply sulphate removal units for two FPSOs (Floating Production Storage and Offloading) platforms which will operate offshore Brazil. Contract value is USD 41 million....