NEWS

Energy

Return to $100 Oil Is ‘Far From Unlikely,’ Norway Minister Says

Business

Category: Energy

Two years ago, western Europe’s biggest oil producing nation said no one should count on $100 crude coming back. Now Norway’s changed its tune. “It’s far from unlikely that we will see $100 again,” Petroleum and Energy Minister Terje Soviknes said in an interview in Oslo on Tuesday. Thanks to output cuts by OPEC and other producers […]

Source: Bloomberg


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Facebook kjøper norsk vindkraft

Business

Category: Energy

Facebook inngår langsiktig kraftavtale om norsk vindkraft til sine nordiske datasentre, etter at Google, Hydro og Alcoa har gjort lignende avtaler. Facebooks datasentre i danske Odense og svenske Luleå skal drives med norsk vindkraft. Facebook kjøper kraftproduksjonen fra tre norske vindparker i Bjerkreim-området fra investeringsselskapet Luxcara, mens det svenske energiselskapet Vattenfall har inngått avtale om […]

Source: E24


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Norway’s $1 Trillion Wealth Fund Moves a Bit Closer to Oil Exit

Business

Category: Accounting / Financial

Norway’s $1 trillion sovereign wealth fund cleared a hurdle on its proposed path to exiting oil and gas stocks. The fund won support from key academics at Norway’s top universities, whose responses are part of a hearing process. But more weight will likely be given to the opinion of an expert group, which will give its view […]

Source: Bloomberg


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Norway Launches New Offshore Lease Sale

Business

Category: Energy

Norway has announced a new licensing round for its offshore oil and gas fields in predefined areas (APA). Licenses in areas in the North Sea, the Norwegian Sea and the Barents Sea are expected to be awarded in 2019. The latest licensing round has been expanded by 103 blocks compared to last year, 47 of […]

Source: Maritime Executive


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Expanding Into Renewable Energy, Statoil CEO Saetre Says

Business

Category: Energy

Statoil CEO Eldar Saetre discusses the production of oil and gas, and talks about expanding into renewable energy. He speaks on “Bloomberg Markets.” (Source: Bloomberg) See the video HERE

Source: Bloomberg


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