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Western Europe’s Biggest Oil Producer Is Getting Another Fix
Category: Energy
A rally in the price of black gold is giving Norway another fix. With crude back at $70 a barrel, and a petroleum industry that cut costs to the bone after the oil crash, the stage is now set for another boom. But the good times could hamper Prime Minister Erna Solberg’s main aim of […]
Source: Bloomberg
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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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