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APA 2017 – Record number of licenses awarded for further exploration of the Norwegian continental shelf
Category: Energy
The Norwegian Ministry of Petroleum and Energy offers the industry 75 production licenses on the Norwegian continental shelf in the Award in Pre-Defined Areas 2017 (APA 2017) licensing round. – It is with great pleasure I can announce that we offer awards in 75 new production licenses in this year’s APA-round. The number of licenses […]
Source: Regjeringen
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Here’s What’s Ahead for Western Europe’s Biggest Oil Nation
Category: Energy
After suffering through the worst crisis in a generation, Norway’s oil industry is now back on its feet. Here are five charts that tell the story of how Norway’s biggest industry tackled the crisis, from the surprising windfalls to the challenges ahead. Most are based on new data from the Norwegian Petroleum Directorate. 1. Recovering […]
Source: Bloomberg
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Norway Petroleum output may reach new peak in 2023, NPD says
Category: Energy
After a disappointing year for drillers, Norwegian authorities are reviewing their hopes for the Nordic country’s hottest exploration area. “In the part of the Barents Sea that’s currently open, you’ve sort of tried the elephants — the big opportunities,” Bente Nyland, the head of the Norwegian Petroleum Directorate, said in an interview. “You’re now down to the […]
Source: Bloomberg
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Norway’s Labor Market Strengthening to Leave Oil Crash Behind
Category: Energy
Norway is getting back to work as it leaves the oil crash behind. Registered unemployment, one of the key indicators for the central bank, has fallen a percentage point from a Jan. 2016 high to end the year at 2.4 percent, levels that haven’t been seen for five years. Stoked by higher economic optimism, the labor […]
Source: Bloomberg
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Norway Faces Up to Big Oil’s Snub
Category: Energy
Norway is realizing it will have to do without the deep pockets of the biggest oil companies as it seeks to extend an era that has made it one of the world’s richest countries. The most recent blow came when only 11 companies applied for new blocks in the Arctic Barents Sea, touted as the country’s most […]
Source: Bloomberg
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