Tag: oil

Untapped billions wait offshore

The sea floor off Norway's northern coast contains an estimated NOK 500 billion (nearly USD 90 billion) worth of untapped oil and gas, estimates...

Higher oil price yields extra revenue

Prices for North Sea crude oil have been up around USD 84 a barrel lately, and that's a lot more than state budget crunchers...

Statoil strikes oil in Norwegian Sea

State oil company Statoil reports it has struck more offshore oil and gas, this time in the Norwegian Sea around 15 kilometers north of...

30 years since Kielland disaster

Hundreds of people have been gathering for memorial ceremonies in and around Stavanger in recent days, to honor those killed when the Alexander L...

Labour quarrels over Lofoten

The Oslo chapter of the Norwegian Labour Party (Arbeiderpartiet) sent a clear signal over the weekend that it opposes any form of oil and...

Oil industry offensive draws critics

The former head of the Norwegian chapter of humanitarian organization "Save the Children" (Redd Barna) is now an oil industry lobbyist. Her recent appeal...

British historian scolds Norway, again

A British author and historian has issued another report that sharply criticizes Norway's role as a nation keen on promoting peace and being at...

Norway falls out of oil's 'Top 10'

Norway is no longer among the world's 10 largest oil producers. New figures show that while Norway was ranked as the world's third-largest oil...

Norway's ethical dilemma

Release of the Norwegian government's expansive state budget proposal this week shows without a doubt that Norwegians will keep splashing around in a near...

Oil firms cut exploration costs

For the first time in years, oil companies are cutting their exploration and production costs. Analysts believe it's because they expect oil prices to...
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