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World Oil: Norwegian oil, gas production continues to miss forecast targets
Category: Business News
OSLO – The Norwegian Petroleum Directorate’s preliminary production figures for August 2019 show an average daily production of 1.647 MMbbl of oil, NGL and condensate, which is a decrease of 67,000 barrels per day compared to July. Average daily liquids production in August was 1.353 MMbbl of oil, 267,000 bbl of NGL and 27,000 bbl […]
Source: World Oil
Published: November 23, 2024
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Press Release: ExxonMobil to sell Norway upstream operations for $4.5 billion
Category: Business News
IRVING, Texas – ExxonMobil signed an agreement today with Vår Energi AS for the sale of its non-operated upstream assets in Norway for $4.5 billion as part of its previously announced plans to divest approximately $15 billion in non-strategic assets by 2021. Agreement includes ExxonMobil’s upstream portfolio in Norway Part of ExxonMobil’s previously announced […]
Source: ExxonMobil
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Reuters: Oil CEOs push carbon-capture efforts ahead of climate talks
Category: Business News
A group of 13 major oil companies charted out a plan on Monday to promote investments in carbon capture, use and storage (CCUS), ahead of a gathering in New York. Oil chiefs grappling with growing demand for action to fight climate change have looked to invest in carbon-capture and sequestration techniques that some executives, including […]
Source: Reuters
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The Norwegian American: Equinor blows into the Empire State
Category: Business News
Norwegians were involved in building many of the skyscrapers in New York City in the old days. Now, it is time for some Norwegian construction at sea south of the city. Equinor Empire Wind won New York State’s first offshore wind electricity contract, Gov. Andrew Cuomo announced on July 18. The award is a win […]
Source: The Norwegian American
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Bloomberg: Norwegian Voters Deliver Warning to Country’s Oil Industry
Category: Business News
Norwegian voters have fired a warning shot at the country’s oil industry. Parties that want to rein in the country’s golden goose made significant gains in Monday’s local elections. That raises the prospect of more advances for those forces that want to limit drilling in the Nordic nation, which supplies 25% of the European Union’s […]
Source: Bloomberg
Published: September 10, 2019
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