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Norway’s $1 Trillion Wealth Fund Moves a Bit Closer to Oil Exit
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
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
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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Statoil begins offshore mobilization for Norway’s Johan Sverdrup
Category: Energy
Up to 2,400 men and women have started to mobilize for the hook-up and completion of Johan Sverdrup field in the North Sea. Photo: Anette Westgård – Woldcam / Statoil. Approximately 150 people, plus crew from the flotel-operator ProSafe, set sail aboard the floating accommodation vessel Safe Zephyrus from Mekjarvik outside Stavanger, bound for the North Sea. […]
Source: World Oil
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Stavanger Roundtable: Energy Market Regulation & Innovation – New York & Stavanger in Transition
Category: AmCham Norway
“The big danger in incentivizing [renewable] energy market development is that government money can become the market.” So stated New York state’s visiting “energy czar” during an illuminating recent roundtable discussion with senior Stavanger-region leaders. Prior to his role as Chairman of Energy & Finance for New York, Richard Kauffman worked in energy and finance […]
Source: Amcham
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