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Friday, June 5, 2026

Tag: oil

More oil found as pump prices soar

Norwegian oil company Statoil could report another major oil discovery on Monday, this time off the coast of Brazil. Gasoline prices at the pump...

Battered bank boss still smiling

Øystein Olsen, head of Norway's central bank, was still smiling this week, even after his proposal to further limit use of oil revenues was...

Reaction mixed to spending cut call

A call by Norway's central bank boss to spend less of the country's vast oil revenues is being greeted by decidedly mixed reaction. At...

More record profits, and some losses

State oil company Statoil reported more record profits on Tuesday after another year of high oil prices and major discoveries on the Norwegian Continental...

Sverdrup’s name ‘taken in vain’

Johan Sverdrup, often viewed as the "father" of Norway's parliamentary system and even its democracy, has now had an oil field named for him,...

Oil minister keen on more production

Ola Borten Moe has been called "the perfect minister" by some players in the oil industry, not least because of his bullishness on their...

‘Exploration boom’ off Norway’s coast

Never before have so many companies won permission to search for oil and gas on the Norwegian continental shelf as they did this week,...

Northern Norway sails into oil age

The northern city of Hammerfest was being called "the new Stavanger," a reference to Norway's oil capital, as reaction and celebration continued following Statoil's...

New oil ‘province’ found off Norway

Extension of Norway's lucrative oil age was further assured on Monday when state oil company Statoil announced another major oil discovery in the Barents...

Statoil learns from Gullfaks trouble

Norwegian oil company Statoil claims it has "sharpened routines" and learned from the trouble it had at its Gullfaks C well in the North...
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