Norway's Kongsberg Group to spin-off maritime business through IPO
Norwegian defence contractor Kongsberg Gruppen - maker of the Joint Strike Missile system - announced on Thursday that it would spin off its civilian focused Kongsberg Maritime in an initial public offer on the Oslo Bourse.
Equinor anticipates a tighter European gas markets this winter
Equinor's chief financial officer said on Wednesday that the outlook for Europe's gas market is tighter this winter than most had anticipated, as storage levels in Europe are 12 percentage…
Equinor Q3 core profits fall more than expected
Equinor announced a 9.9% decline in its third quarter profits, which was higher than expected. Oil and gas prices have fallen since a year earlier. The company has maintained its production forecast.
The European Court of Human Rights rejects the climate case against Norway Oil
The European Court of Human Rights ruled on Tuesday in favor of the Norwegian Government in a case brought by young activists for climate change who claimed that the country's Arctic oil…
Vaar Energi Q3 in Norway beats expectations
Norwegian oil firm Vaar Energi reported on Tuesday a stronger-than-expected operating profit for the third quarter and reiterated its production and dividend guidance. Vaar's earnings for…
Equinor begins production in Brazil's Bacalhau Oilfield
Equinor, a Norwegian oil company, announced on Thursday that it had begun production in Brazil at its Bacalhau field one year after the original investment decision in 2021. Equinor said that Bacalhau…
TotalEnergies sells Norwegian oil assets Vaar Energi to reduce debt
TotalEnergies announced on Wednesday that it had agreed to divest its interests in mature oil fields offshore Norway. This is the latest step in an overall divestment plan aimed at reducing debt.
Two bids are received for Norway's floating wind tender
Two consortiums submitted bids for the first Norwegian tender to build commercial offshore floating wind farms, according to the Energy Ministry. In May, Norway launched a process to invite…
Equinor is open to options for Orsted stake
The Norwegian board chair of Equinor said that the oil group believes in the core business of offshore wind farm developer Orsted, but it is not yet at the stage where they will merge their renewables companies.
After election victory, the PM of Norway says that Norway must continue to be a reliable supplier of energy
Norway will continue to explore oil and gas, and remain a reliable energy supplier to Europe. This was the message of newly elected Prime Minister Jonas Gahr Stoere on Tuesday. On Monday…
Norway's DNO resumes Kurdistan oilfield output after drone strikes
DNO, a Norwegian oil company, announced on Thursday that it had restarted production of its Tawke field and Peshkabir field in Iraq's semiautonomous Kurdistan region. Production was halted…
Norway's DNO restarts oil production from Kurdistan after drone attacks
DNO, a Norwegian company, has resumed oil production in its Tawke, and Peshkabir, fields, in Iraq's semiautonomous Kurdistan region. Production was halted in this area last month because of drone attacks.
Danish trader InCommodities has appointed Gunvor's Brockmeyer as its U.S. expansion manager
Rich Brockmeyer, former Gunvor executive, was appointed as the new CEO of InCommodites for North America. The group plans to increase its penetration into the U.S. gas and power market.
Norway prepares its first major licensing round for oil and gas in years
Norway's Energy Minister said Friday that he was preparing to launch a round of oil and gas licenses on the Norwegian continental shelf. This will be the first new offer of drilling permits…
Equinor extends Norway LNG Outage until August 3
Equinor, a Norwegian company, has extended a maintenance outage to its Hammerfest LNG Terminal, Europe's biggest liquefied gas export facility by another five days, until August 3. The…
Equinor Q2 Core Profit drops as expected due to lower oil prices
Equinor reported on Wednesday that its second-quarter profits fell by 13% compared to a year ago, as expected, due to the decline in oil prices, which outweighed an increase in gas. Equinor's…
Norway's total oil and gas production beats expectations in June
Norwegian Offshore Directorate, NOD, said that Norway's combined oil-and-gas production in June exceeded the official forecast by 2,3%. Norway is Europe's biggest supplier of natural gases and oil.
Norway's oil-drilling unions are seeking wage mediation in order to avoid a strike
Employers and three unions reported that wage talks with 7,500 oil drilling employees in Norway failed on Wednesday. This could lead to a strike later this year. The Norwegian Shipowners' Association's (NSA) talks with the Safe…
Norway Oil Drilling Unions Seek Mediation to Avoid Strike
Two unions have said that wage negotiations involving 7,000 oil drilling employees in Norway failed early on Wednesday. This could lead to strike action later in the year, which would disrupt exploration.
Norway's oil & gas production higher than expected in April
Norwegian Offshore Directorate said that Norway's combined gas and oil production in April exceeded the official forecast by 1,2%, despite a slight decline year-on-year. In April, the total oil…