‘Goliat’ platform still struggling

Norway’s pioneering offshore platform on the Goliat field in the Arctic was out of operation again last week. Newspaper Dagens Næringsliv (DN) reported that field operations were disrupted nearly four out of every 10 days last year, but the chief executive of the Italian oil company in charge claims he’s still proud of Goliat. “We had down-time […]

Bank boss had to alter annual address

Norway’s central bank boss Øystein Olsen had to make some last-minute changes in his important annual address on the economy Thursday evening. Just hours before he took the podium, government leaders announced they were finally going along with something he’s recommended for years: putting new limits on the use of Norway’s oil revenues. Olsen, governor of […]

Statoil optimistic in a new oil market

After years releasing a lot of bad news, the chief executive of Norway’s biggest and arguably most important company now seems defiantly optimistic. Statoil CEO Eldar Sætre even had his closest associates laughing last week, just before they all had to release some of the poorest results in the company’s history. They’re all confident that the […]

Power plant closure ‘great’ for climate

Norway’s biggest oil and energy company, Statoil, was finally being hailed on Tuesday after it announced that it was shutting down its gas-fueled power plant at Mongstad on the country’s west coast. The plant has been hugely controversial since even before it opened in 2010, it has generated heavy losses for Statoil, and its closure set for the end of next year […]

‘The People’ won in mock trial over Arctic oil

Just days before a landmark legal challenge to oil activity in Norway’s Arctic won a date in court, a mock trial on the controversial issue was carried out during an annual cultural event in the northern Norwegian city of Kirkenes. After three days of staged court hearings, the people wanting to halt Arctic oil activity won […]

Arctic drilling suit heads for court

UPDATED: Environmental organizations Greenpeace and Natur og Ungdom (Nature and Youth) have won a court date for Norway’s first climate case, aimed at halting oil drilling and production in the Norwegian Arctic. Their breakthrough comes just after three oil companies announced their discovery of large oil and gas deposits in the Barents Sea and the government’s […]

New oil minister bullish as usual

Terje Søviknes, a veteran politician from the conservative Progress Party, made his North Sea debut as Norway’s new oil and energy minister this week when he officially opened the Ivar Aasen field, around 175 kilometers off Karmøy. Søviknes has already proven himself to be just as bullish on Norway’s oil industry as all his recent predecessors. Søviknes […]

DNB ‘shamed’ again over Dakota pipeline

Major Norwegian bank DNB is fending off more trouble over its involvement in the highly controversial Dakota Access Pipeline project in the US. An equally controversial decision by new US President Donald Trump to restart work on the pipeline has put DNB’s financing of it in question once again. Newspaper Dagsavisen reported just before the weekend that environmental […]

Sami still standing with Standing Rock

News this week that US President Donald J Trump plans to defy Native Americans and resume construction of the disputed Dakota Access Pipeline has prompted Norway’s indigenous people, the Sami, to reaffirm their support for the Standing Rock Sioux Tribal Nation. Sami from all over Norway along with Sweden and Finland have gathered in Trondheim […]

Solberg faces more opposition over the Arctic

Business, political and environmental leaders gathered in Tromsø this week, along with indigenous peoples and researchers, for the annual Arctic Frontiers conference. It was opened by Prime Minister Erna Solberg, who later encountered opposition from those who don’t think her own Arctic policies are sustainable. Solberg believes it’s possible to “find a balance” between protecting […]