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ExxonMobil’s sale of Norwegian assets could be record-breaking

US supermajor ExxonMobil is looking to sell its Norwegian upstream assets. The portfolio has an estimated value of $3.1 billion, according to Rystad Energy. Rystad...

World’s largest sovereign wealth fund to scrap oil and gas stocks

(CNBC) Norway's trillion-dollar sovereign wealth fund plans to dump oil and gas companies from its benchmark index, the finance ministry announced on Friday. The move,...

Cost of producing Norway’s oil and gas is rising again: Petoro

(Reuters) - Petroleum production costs on the Norwegian continental shelf rose in 2018 after falling for three consecutive years, state-owned oil firm Petoro said...

Norway awards 33 oil firms a record number of exploration blocks

(Reuters) Norway awarded 33 oil companies a record 83 blocks to explore for petroleum resources in mature areas of the Norwegian continental shelf, the...

Norway’s $1 trillion wealth fund should keep oil stocks: commission

Norway’s trillion-dollar sovereign wealth fund should continue to invest in oil and gas companies, a government-appointed commission recommended on Friday, contradicting earlier advice from...

Norway oil workers, employers reach deal to end strike

Norwegian drilling rig workers will end their industrial action after the union representing 1600 striking employees reached a deal with the group acting for...

More workers come out in Norwegian oil and gas strike

Union widens six-day drilling rig stoppage, bringing out an extra 900 workers on Monday A Norwegian union for workers on offshore oil and gas drilling...

Hundreds of Norway oil workers go on strike, Shell shuts Knarr...

(Reuters) Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal, leading to...

Return to $100 oil is ‘far from unlikely,’ Norway minister says

(Bloomberg) Two years ago, western Europe’s biggest oil producing nation said no one should count on $100 crude coming back. Now Norway’s changed its tune. “It’s far...

‘Significant’ discoveries made offshore Norway

(Rigzone) OMV Norge AS announced Wednesday that it has encountered ‘exploration success’ at well 6506/11-10, located offshore Norway in license PL 644B. The well targeted...

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