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There’s More to Big Oil Than Oil, Total Tells $1 Trillion Fund
Category: Energy
Norway’s $1 trillion sovereign wealth fund wants to sell out of oil and gas stocks, arguing that would reduce overall risk to the country since petroleum is already the top export. But that’s a miscalculation, according to the chief executive officer at Total SA, one of the world’s biggest energy companies and the Norwegian fund’s fifth-biggest […]
Source: Bloomberg
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Tjener penger for første gang som Statoils USA-sjef
Category: Energy
For to år siden lanserte Torgrim Reitan et ambisiøst mål for at Statoil skulle gå i pluss i USA. Nå er målet nådd. I mange år har virksomheten i USA vært blant Statoils store problembarn. Selskapet investerte enorme summer, men måtte også skrive ned store verdier og tjente ikke penger i landet. Situasjonen forverret seg […]
Source: Sysla
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Olje- og gassnæringen slår tilbake
Category: Energy
Norges desiderts viktigste og største næring og eksportartikkel er i økende grad blitt problematisert og snakket ned de siste årene. Nå slår næringen kraftig tilbake. Kritikken omfatter både politikere, Innovasjon Norge og sentrale aktører i samfunnsdebatten. Det handler om støtte til teknologiutvikling, omdømmet, markedsføring av næringen i utlandet og evnen til å både tenke langsiktig […]
Source: Næringsforeningen i Stavanger
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Further increasing value of Johan Sverdrup
Category: Energy
Statoil and partners further increase the value of the Johan Sverdrup field as a result of continued high quality in project execution, good drilling efficiency and further maturation of the resource base. The Johan Sverdrup development is now nearly 70% complete, which is according to plan, and investment costs are continuing its positive trend. Phase […]
Source: Statoil
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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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