Tag: norway

Statoil agrees to pay $2 million for illegal well in North Dakota

Authorities say the well was drilled in December 2011 on unleased federal land about two weeks after Statoil Oil & Gas Services Inc. acquired Brigham Oil & Gas L.P.  More »

Oil slump threatens easy life of affluent Norwegians

After a decade of an oil-and-gas boom, plunging energy prices are shaking Norwegians out of a Utopian reverie that guaranteed workers lengthy summer vacations, generous health and social benefits, and allowed them to leave work at 4 p.m. and even earlier on Fridays.  More »

Technip, Aker Solutions to cut 2,100 more oil jobs

Executives at Paris-based oil equipment maker Technip told investors in a conference call the firm has cut 1,800 jobs in recent months, about 15 percent of which were contracted.  More »

Norway rejects call to cut oil taxes as cure for crude crash

Oil companies in the country are preparing to cut investment by 15 percent this year.  More »

Statoil names new CEO

The Norwegian oil giant’s former CEO Helge Lund is taking the reins of BG Group.  More »

Arctic explorers retreat from hostile waters amid oil plunge

Cheap oil threatens to demote the importance of a region already challenged by high costs, environmental concerns, technological obstacles and, in the case of Russia, international sanctions.  More »

Crude price slump exposing oil field risk takers

For the biggest explorers, the impacts of slumping prices are dramatic.  More »

ConocoPhillips sees first oil from Norwegian startup field

The company is pumping new barrels of oil in Norwegian waters as oil prices have fallen by more than half since June.  More »

Statoil makes small North Sea oil discovery

The new well is about 15 miles southwest of the Osberg South field, and is the eighth exploration well in this production license.  More »

Global gasoline prices don’t look the same as in the U.S.

Weak global demand and a flood of cheap oil from North American producers are sending the price of gasoline plummeting, but the savings won’t look the same around the globe as they do in the U.S.  More »

Unfazed by slump, Austria’s OMV moving forward on development of 1 billion-barrel Arctic field

Tumbling oil prices aren’t deterring OMV AG from its Arctic ambitions.  More »

Halliburton-Baker Hughes deal would rank among top 20 energy deals of last 20 years

Data shows that the 20 biggest oil and gas deals of the last century have all been announced since 1998.  More »

Statoil suspends two North Sea oil rigs

Statoil won’t use the Transocean Spitsbergen and Songa Trym rigs from mid-November through at least the year-end because of overcapacity.  More »

Marathon’s profit falls 24 percent on crude price slump

Marathon Oil reported a 24 percent drop in third-quarter profit, as lower crude prices offset higher production.  More »

Statoil projects big returns from massive North Sea oil field

The Norwegian oil conglomerate estimates the field could generate as much as 650,000 barrels of oil per day.  More »
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