Tag Archives: Norway

US-based energy company ConocoPhillips has made a significant gas discovery in the wildcat well 6507/4-1 offshore Norway. The new gas was found at the wildcat well 6507/4-1 that is drilled in the production licence 1009, which is located 35.41km northwest of the Heidrun field and 241.4km from the coast of …

Italian oil and gas major Eni will participate in the upcoming Norwegian offshore wind tender through a newly formed joint venture with Norwegian energy investor HitecVision. The JV called Vårgrønn has the long-term ambition to install renewable energy projects with a capacity of about 1GW by 2030. Eni will own …

Norway’s Equinor aims to become a net zero emitter of greenhouse gases by 2050, including emissions from the production and final consumption of oil and gas, the energy producer’s new chief executive said as he took office on Monday. Anders Opedal, the first engineer to lead state-controlled Equinor, plans to …

Oil firms are now expected to drill just 30 exploration wells off the cost of Norway in 2020, down from 57 last year and sharply lagging original projections of around 50 wells, the Norwegian Petroleum Directorate (NPD) said on Tuesday. “The decline in demand for oil and lower prices have …

The combined company will boast power plants in 14 countries with an estimated annual production of 4.1TWh.

The COVID-19 pandemic has interrupted the development of Norway’s offshore oil and gas projects, pushing up costs and postponing startups, the government and oil company Equinor said on Wednesday. The costs of ongoing projects rose by 13.2 billion Norwegian crowns ($1.4 billion) from a year ago on an inflation-adjusted basis, …

Oil prices rose more than two per cent on Monday, lifted by comments from doctors for U.S President Donald Trump, suggesting he could be discharged from hospital as soon as Monday. This is just a few days after his positive coronavirus test sparked widespread alarm. Mr Trump’s health update eased …

Norwegian energy giant Equinor has decided to reduce its exploration staff by 30 per cent as the Covid-19 pandemic reduces oil demand. In a statement sent to Offshore Energy, a spokesperson for Equinor said the planned reduction in positions in Equinor’s exploration organisation is around 30 per cent and it …

Oil prices rose on Monday, lifted by comments from doctors for U.S. President Donald Trump suggesting he could be discharged from hospital as soon as Monday, just a few days after his positive coronavirus test sparked widespread alarm. Brent was up $1.20, or 3.1%, to $40.47 a barrel by 0925 …

Norwegian oil and gas giant Equinor has made an oil and gas discovery in the Swisher prospect near the Fram field in the North Sea offshore Norway. Equinor, as the operator of the production licence 248 C, has concluded the drilling of wildcat well 35/11-24 S and appraisal wells 35/11-24 …