Displaying 1 - 10 of 127 articles
Norway's Prime Minister says his government will raise taxes on hydrocarbon extractors, in a new range of measures seen as strategies for an election win in September. Jens Stoltenberg presented plans for a modest tax cut for some indigenous businesses, while increasing taxes on oil companies and multinationals. In...
Norwegian energy major Statoil has reported a significant drop in its first-quarter results for 2013, partly attributable to January's terrorist attack in Algeria. This includes a 29% fall in profits. The company said in a press release that the figures were affected by lower production and reduced...
Norway, western Europe’s largest gas exporter, will delay proposed cuts to tariffs on natural gas transported through the Gassled pipeline network, responding to a huge reaction from interested parties, according to news reports. A scheduled 90 percent cut in gas transport tariffs, due to come...
Norway's top natural gas processing plant is expected to be back in full operation after its restart at the end of last week was unexpectedly delayed, gas system operator Gassco said. The Kollsnes plant on Norway's west coast was shut on Friday for maintenance but its restart took longer than expected...
Leaders of Norway and Lithuania have been discussing increased imports of Norwegian natural gas to the smaller Baltic country. President Dalia Grybauskaite and Norwegian Prime Minister Jens Stoltenberg focused on Norway's possible role in helping Lithuania work towards energy independence, according...
The Baltic Sea has the potential to become a pilot area for liquefied natural gas (LNG) as an alternative shipping fuel, according to Norwegian Prime Minister Jens Stoltenberg. “The dynamic economic growth and development of the Baltic Sea region is putting increased pressure on the marine environment.
Statoil has said today that a power outage at the Oseberg field in Norway caused two gas leaks yesterday. The leaks have since ceased. In a statement on its website, Statoil said that well operations were underway yesterday afternoon on Oseberg B when a power outage hit. The outage caused a leak...
Norway's Minister for Petroleum and Energy Ola Borten Moe has ordered a review of several major projects in Norway following difficulties with an oil platform last year. In a statement released yesterday, the minister said that he was aiming to reduce the chances of repeat incidents with the request.
Noreco has announced today that partner Statoil has kicked off drilling at the Lupin field in the Norwegian North Sea. Noreco, which holds a 15 per cent stake in the Lupin licence (licence PL360) says the 16/8-3 Sexploration well will be drilled using the drilling rig Songa Trym. The well...
Energy Commissioner Gunther Oettinger has stated natural gas had an important role to play in the EU’s future energy mix and a key role in reversing the trend of a declining role of industry in Europe. Speaking at the recent EU-Norway Gas Conference, Oettinger pointed to the impact of natural...
