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Norway’s Statoil plays down risks ahead of Arctic drilling

Business

Category: Energy

Norway’s Statoil on Monday played down concerns that drilling in the Arctic is risky, days before it kickstarts its drilling campaign in the Barents Sea, where the country believes around half of its remaining resources could be located. Despite opposition from environmentalists, the company plans to drill five wells in the Norwegian sector of the […]

Source: Reuters

Published: April 26, 2017


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Statoil awarded 13 leases in US Gulf of Mexico

Business

Category: Energy

Statoil resets its exploration in the Gulf of Mexico and was today deemed high bidder on 13 leases in the 2017 Central Lease Sale. Statoil successfully bid on 13 leases in the US Department of the Interior’s central region Gulf of Mexico lease sale 247, which took place on 22 March. The company was the […]

Source: Statoil

Published: April 26, 2017


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Aker ASA says nothing new to report on Aker Solutions ownership

Business

Category: Energy

Norwegian investment firm Aker ASA does not plan to announce any news regarding its holdings in engineering firm Aker Solutions, where it is the top owner, an Aker spokesman said on Tuesday. Financial daily Finansavisen late on Monday reported that U.S. oilfield services firm Halliburton was close to signing a deal to buy Aker Solutions […]

Source: Reuters

Published: April 26, 2017


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World’s First Ship Tunnel to Bypass Norway’s Most Dangerous Waters

Business

Category: Airline / Travel

Norwegian officials have given the green light to fully finance what is set to become the world’s first full-scale ship tunnel, bypassing one of the most dangerous areas for vessels along the Norwegian coast. The Stad Ship Tunnel will be blasted through 1.7 kilometers of rock at the narrowest point of the Stad Peninsula, allowing ships […]

Source: GCaptain.com

Published: April 26, 2017


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Norway Buries Oil-Tax Incentives as Crude Crisis Fades

Business

Category: Energy

Norway’s government won’t propose any tax incentives for oil companies to boost recovery at aging fields and marginal offshore discoveries before parliamentary elections later this year. “There are no planned initiatives related to this,” Petroleum and Energy Minister Terje Soviknes said in an interview in Trondheim on Tuesday. “My experience is that the market for […]

Source: Bloomberg

Published: April 26, 2017


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