Sunday, March 24, 2019

Bente Nyland News

Norway Cuts 2019 Oil Output Forecast

Image: Ministry of Petroleum and Energy

The Norwegian Petroleum Directorate (NPD)’s forecasts show that Norway's oil output in 2019 will be smaller than previously forecast and its lowest level in three decades, although…

Norway Ready to Claim Share of Russia's Arctic Finds

© Ivan Kurmyshov / Adobe Stock

Norway will step up preparations to claim its share of oil and gas resources if Russia finds petroleum on its side of a border in the Barents Sea, the head of Norwegian Petroleum…

Norway 2019 Oil Output Forecast Cut to 30-year Low

(Photo: Jan Arne Wold / Woldcam)

Norway's oil output in 2019 will be smaller than previously forecast and its lowest level in three decades, although it should rebound in the following years, the country's…

Russia, Norway Ink Seismic Pact for Barents Sea

Map: Norwegian Petroleum Directorate

The Norwegian Petroleum Directorate (NPD) and Russian petroleum authorities (Federal Subsoil Resources Management Agency, Rosnedra) have entered into an agreement to exchange…

Norway Sees Near-Record Oil Output in 2022

File Image: Statoil's Troll C offshore installation (CREDIT: Statoil)

Norwegian oil and gas investments will begin to rise in 2018 after falling for the last four years, helping drive output to near-record highs in the next five years, the Norwegian…

Norway Expects Record Arctic Drilling in 2017

File Image (CREDIT: AdobeStock / (c) Tupungato)

Norway expects 15 exploration wells to be drilled in the Barents Sea this year, two more than in the record year 2014, the head of the Norwegian Petroleum Directorate said on Tuesday.

Norway Doubles Barents Sea Oil & Gas Estimates

Norway on Tuesday doubled its estimate of undiscovered oil and gas resources in its region of the Arctic Barents Sea as a formerly disputed area bordering Russia was included for the first time…

Norway: Up to 15 Oil firm Plans Expected in 2017/2018

Oil firms are expected to submit up to 15 development plans for oil and gas fields off Norway over the next two years, the head of the Norwegian Petroleum Directorate told Reuters on Monday.

Norway's Arctic a Bright Prospect in Crisis-hit Oil Sector

While the oil industry continues to cut jobs, projects and costs amid low crude prices, one region is making a surprise comeback after years of declining activity, company executives…

Some 18-20 Oil, Gas Fields off Norway in Danger of Shutting Output Early

Some 18-20 oil and gas fields off Norway are in danger of shutting output earlier than planned due to low oil prices, but the impact on the overall output outlook would be limited…

Norway to Oil Companies: Don't Shut Output

File Image: a Statoil offshore installation (Statoil)

Oil companies operating in Norway should hike recovery rates from mature fields despite falling crude prices, and resist the temptation to shut output earlier than planned, Energy Minister Tord Lien said.

Norway Expects Delayed Start at Johan Sverdrup

The Johan Sverdrup Field (file image: Statoil)

The Norwegian Petroleum Directorate continues to expect output at the Johan Sverdrup oilfield in the North Sea, Norway's most important industrial project, to begin later than Statoil expects it to…

Statoil Mulls Final Castberg Proposal

Norway's Statoil is expected to present proposals for how to develop its 600-million barrel Arctic Johan Castberg oil field relatively soon, the head of the country's Oil Directorate said on Monday.

Norway's Oil Investment Forecast May Have to be Cut

Norwegian oil investments may drop more than earlier expected if oil prices stay at their current level, as the most recent projections were based on much higher crude prices…

Slump Means Possible Early Exit from Norwegian Fields

The low oil price could force firms to abandon Norway's mature fields early, leaving recoverable deposits in the ground and shortening the lifetime of some projects, the head…

Norway Wants Oil & Gas Licensing Round before Christmas

Norway hopes to launch its 23rd oil and gas licensing round before Christmas, though that timeline is still subject to change, Bente Nyland, the head of the Norwegian Petroleum Directorate said on Wednesday.

Norway: Oil Firms Demand Excessive Offshore ROI

Oil companies in Norway are frequently demanding excessive returns on their investments, raising the risk that some oil will never be produced, Bente Nyland, the director of the Norwegian Petroleum Directorate said.

No New Development Plans for Norway Oil Firms

Oil companies on Norway's continental shelf are unlikely to present any development plans for new oilfields this year, a sharp revision from previous expectations, the head…

More Norway Oil Projects Being Delayed

Oil firms are purposefully delaying the development of oil and gas fields off Norway, the head of the agency tasked with managing the country's oil and gas resources told Reuters on Thursday.

Offshore O&G: Cuts, Delays in Norway as Costs Soar

Home: http://www.npd.no/en/Publications/Facts/Facts-2012/Preface1/

More oil and gas projects in Norway could be put on hold because of rising costs, adding to a growing list of developments that have been delayed or called off, Bente Nyland…