Tagged: Petoro

Go for new Troll plan

Norway’s Energy Minister Terje Riis-Johansen has finally given the green light to StatoilHydro’s Troll extension project with a spend of around NOK 5.7 Bn (US $878 million) which will extend the life of the...

Large oil revenues – despite lower prices

  The State’s Direct Financial Interest (SDFI) on the Norwegian continental shelf yielded a net cash flow to the government of NOK 33.2 billion in the first quarter of 2009, compared with NOK 39.9...

New oil discovery in the North Sea

StatoilHydro has announced that it has found oil and gas in the Katla prospect, which lies 11 kilometres south-west of the Oseberg South platform operated by the group in the North Sea. Proven recoverable...

Norwegian government’s oil revenues soar

  The Norwegian government’s income from direct investment in the country’s offshore oil and gas fields rose 27 percent in the fourth quarter, as higher natural gas prices and production levels countered a sharp...