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Oil & Gas   News about Oil & Gas in Norway
Help Remove Landmines From the Path of Peace in Colombia
[Norwaynews] [12.05.2016, 08:30pm, Thu. GMT]
Ferney Cifuentes, like so many Colombian children from his area, was helping his father herd cattle in Montecristo in January 2015 when a violent blast lifted the Earth and sent shrapnel flying.

The 14-year-old had stepped on a landmine. His death -- tragically -- was not unique. More than 11,000 Colombians have been wounded or killed by landmines and other unexploded ordnance in the past quarter century.

Landmines are singularly dangerous because they can lay dormant for years, only to kill and maim innocent people without warning. In Colombia last year, 285 people, including 40 children, were killed by landmines, a toll surpassed only by Afghanistan. At current mine clearance rates, decades will pass before the country is mine free.
Oil & Gas
Most smuggled IS oil goes to Turkey, sold at low prices: Norwegian report
[Norwaynews] [22.12.2015, 01:27pm, Tue. GMT]
A newly-leaked report on illegal oil sales by Islamic State (IS), which was ordered to be compiled by Norway, has revealed that most of the IS-smuggled oil has been destined for Turkey, where it is sold off at bargain low prices. Norwegian daily Klassekampen leaked details of the report, which was put together by Rystad Energy, an independent oil and gas consulting firm, at the request of the Norwegian Foreign Ministry.
Norway’s DNO increases oil production in Iraqi Kurdistan
[Norwaynews] [28.05.2015, 07:53pm, Thu. GMT]
DNO ASA, the Norwegian oil and gas operator, announced Thursday a new daily record of 170,000 barrels of oil produced from the Tawke field in the Kurdistan region of Iraq, of which 30,000 barrels were sold into the local market and the balance allocated for export. Tawke production in the first quarter of 2015 was 104,925 barrels of oil per day (bopd), of which 8,679 bopd was sold into the local market.
Myanmar awarded deep sea exploration contract
[Norwaynews] [04.05.2015, 11:16am, Mon. GMT]
The Myanmar Government has awarded a contract to Statoil and Conoco Phillips to explore an offshore block for oil and gas off the Rakhine coast. Statoil is a Norwegian company which operates in 36 countries while Conoco Phillips is based in Houston, Texas and operates in over 27 countries.
Norway to Remain Stable Gas Supplier to EU
[Norwaynews] [21.01.2015, 05:12pm, Wed. GMT]
Norway will remain a stable gas supplier to Europe for many years to come, Norwegian Prime Minister Erna Solberg said Wednesday. The announcement was made at a press briefing after her meeting with President of the European Council Donald Tusk in Brussels, Belgium. "We have discussed interdependence on energy security in Europe. And I would like to underline that Norway is and will continue to be a stable and reliable gas supplier to the EU for many years to come," Solberg told journalists.
Norway's Statoil dumps U.S. shale acreage
[Norwaynews] [23.12.2014, 12:28pm, Tue. GMT]
After suspending some rig work to save capital, Norwegian energy company Statoil said Tuesday it sold acreage in a key U.S. shale play for $394 million. Statoil said it sold a 6 percent stake in the Marcellus shale play to U.S. company Southwestern Energy, leaving the Norwegian company with a non-operated 23 percent interest in the region. Statoil in 2008 entered Marcellus through a joint venture with Chesapeake Energy and now says the divestment is part of its optimization strategy.
Statoil finds more gas offshore Tanzania
[Norwaynews] [15.10.2014, 10:59am, Wed. GMT]
Norway's Statoil has found more gas offshore Tanzania at the Giligiliani-1 well, increasing its total for an eventual investment decision on a liquefaction plant with Britain's BG Group, which operates neighbouring exploration blocks, it said on Tuesday. Statoil announced yesterday that it had found another 1.2 trillion cubic feet of gas in its block, taking its total volume in-place to 21 trillion cubic feet, or about 3.8 billion barrels of oil equivalents.
Norway calls EU to keep using natural gas
[Norwaynews] [25.09.2014, 04:00pm, Thu. GMT]
Norway’s Minister of Petroleum and Energy Tord Lien urged the European Union to continue to use natural gas and said he believes natural gas is the most effective and efficient fuel to help the EU meet its energy targets. Lien spoke at the EU-Norway Energy Conference today and argued that natural gas should be the fuel source that the EU relies on when considering its need for both energy security and energy efficiency. Norway produced 110 million cubic meters of natural gas in 2013, 98 percent of which was exported to the EU market.
Norway Oil Fund Buys Paris Property for $570 Million
[Norwaynews] [02.08.2014, 03:22am, Sat. GMT]
Norges Bank Investment Management bought an office and retail complex opposite Paris’s Le Madeleine church for 425.6 million euros ($570 million) from a fund managed by Blackrock Inc. (BLK) The 31,500 square-meter (339,000 square-foot) Le Madeleine building has been completely refurbished since it was acquired by Blackrock Europe Property Fund III in 2009, the world’s largest money manager said in a statement today. Tenants include Chanel, Visa and C&A.
Norway invests in renewable energy
[Norwaynews] [18.03.2014, 01:02pm, Tue. GMT]
Norway has announced it is to make a major investment in renewable energy, with the European country opening up its sovereign wealth fund to the sector. The news is likely to spark plenty of debate about what the future holds for the renewable energy industry in Norway and the development was immediately warmly welcomed by the World Wildlife Fund (WWF). Nina Jensen, chief executive of the WWF in Norway, stated that the body is "thrilled" Norway has decided to take the lead on renewable energy by making a significant investment in the industry.
Oil and Gas Cyber Security, Oslo, Norway
[Norwaynews] [14.01.2014, 04:00pm, Tue. GMT]
A conference on 'Oil and Gas Cyber Security' will be held from 3 to 4 June 2014 in Oslo, Norway. By 2018 the oil and gas industry will be spending up to EUR 1.37 billion on cyber security. The increased demand to protect a multi-billion dollar global industry is being spurred on by the ever growing cyber threat across the globe. The event will provide a platform to learn about leading industry case studies from oil and gas operators as well as understanding what their operational needs and requirements are. Key areas of discussion will centre on new technologies to counter threats and information management in the digital age.
Engineering advances lifting Norway’s oil reserves
[Norwaynews] [28.05.2015, 07:56pm, Thu. GMT]
The Norwegian Petroleum Directorate (NPD) has issued an update on its analysis of recoverable oil from Norway’s various offshore fields and discoveries. NPD’s goal in 2005 was to achieve growth in oil reserves of 5 BBbl over 10 years. The actual result is somewhat below that figure, although the target would have been achieved if Statoil’s development plan for Johan Sverdrup in the North Sea had been submitted before the end of 2014.
Norway has More Oil than a Decade Ago
[Norwaynews] [27.05.2015, 06:24pm, Wed. GMT]
The NPD reported Wednesday that the current recoverable oil on the Norwegian Continental Shelf exceeds the estimated figure for 2005. A select number of producing fields and 62 discoveries, for which development decisions had not been made in 2005, were reviewed in order to determine the latest figures.
Oil Slump Will Not Affect Norway
[Norway] [11.02.2015, 04:37pm, Wed. GMT]
One of Norway’s most popular politicians, former Prime Minister Kjell Magne Bondevik is probably the world’s first statesman who admitted that he suffered from depression while in office. For his honesty and willingness to speak of his psychological disorder, Bondevik was commended and received thousands of letters offering support.
World's Longest Subsea Cable Between Norway and Britain Awaits Final Decision
[Norwaynews] [06.01.2015, 04:28pm, Tue. GMT]
Norwegian grid operator Statnett is expected to make a final investment decision in the first quarter on a 1.5-2 billion euro project for what would be the world's longest subsea cable. The power inter connector to Britain aims to secure power supplies in both countries. According to Statnett’s website, the project will provide benefits to both sides. When there are higher winds Norway will be able to import power from the British at a lower price than in the Norwegian market and conserve the water in its many hydropower reservoirs.
Norway to Delay Oil Projects on High Costs - Minister
[Norwaynews] [22.10.2014, 05:09am, Wed. GMT]
Several oil and gas projects to be developed in Norway in the next two years could be delayed on high costs and technological difficulties, Oil Minister Tord Lien said. Adding that some other projects will go on as planned, Lien explained that the private sector, not the government, has to find ways to limit the negative consequences of high costs. Another reason for delays could come from the low oil prices. 
Cuba and Norway strengthening oil cooperation
[Norwaynews] [11.10.2014, 08:52am, Sat. GMT]
The Norwegian Agency for Development Cooperation (NORAD), and the Cuban ministries of Foreign Trade and Foreign Investment (MINCEX), and the Ministry of Energy and Mines signed new agreements for bilateral cooperation in the oil sector, confirming the negotiations between the two countries started in 2011. The signed documents are part of the Oil for Development program of NORAD. With this program Norway holds meetings with Cuban authorities to share experiences on staff training, development of techniques and knowledge sharing about fuel.
Kenya and Norway to sign petroleum resources agreement
[Norwaynews] [12.09.2014, 10:04am, Fri. GMT]
Kenya and Norway will sign an agreement on petroleum resources to help the east African country manage new oil discoveries, Norway's new ambassador to Kenya was quoted as saying. "We are considering a long-term agreement with Kenya's ministry of energy and petroleum on effective and socially responsible management of petroleum resources," Victor Ronneberg said, according to a note issued by Kenya's Presidential Strategic Communications Unit.
Norwegian gas firm signs $40m deal to supply floating terminal
[Norwaynews] [13.05.2014, 04:57pm, Tue. GMT]
Egypt has signed a deal with Norway’s Hoegh to supply a floating terminal needed to import liquefied natural gas (LNG), the petroleum ministry said on Monday, marking a step toward securing badly needed gas for power generation and industry. The deal will generate pretax earnings of some $40m per year for Hoegh, the firm said on Monday. A source at the Ministry of Petroleum said it would cost $1.25 to convert one million British thermal units from liquefied gas to gas. Transporting the gas from the port to the national gas network, would cost $1.
UK delegation in Oslo to boost flow of North Sea contracts to UK
[Norwaynews] [14.02.2014, 07:23am, Fri. GMT]
Energy Minister Michael Fallon is chairing a UK Norway manufacturers’ roundtable today to boost competitiveness in securing more business in North Sea projects. At the roundtable meeting, representatives from both the UK and Norwegian manufacturing sector will examine opportunities to work together on large offshore projects which are currently being lost to the Far East.
North Sea platform evacuated after leak
[Norwaynews] [28.12.2013, 11:53pm, Sat. GMT]
A North Sea platform was shut and half its workers evacuated after an oil and gas leak. The incident happened on Saturday afternoon on the Statfjord A platform, one of three platforms in the large Statfjord oil field on the UK-Norway border. Following the discovery of the leak, 168 members of staff were evacuated to platforms B and C by helicopter.
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