Tag Archives: Norway

Equinor to Cut Exploration Staff by 30 Percent

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 …

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Oil Rebounds on Trump Health Update, Norway Shutdowns

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 …

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356 Million Barrels of Oil under the Sea

It was purely a coincidence but, simultaneously on Monday, Providence Resources announced progress with its latest bid to develop its Barryroe oil discovery off the south coast while the EU Commission approved the latest price support scheme for renewable energy. Alan Linn, Providence’s new chief executive, pointed out that Barryroe, …

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