Norway Overview

Statoil has awarded NOK 12 billion (USD 1.53 billion) in drilling contracts to Archer, KCA Deutag and Odfjell Drilling, the Norwegian major announced on Tuesday.

The…

Statoil’s board of directors has proposed that the Norwegian major changes its name to Equinor to reflect a stronger focus on renewable energy and social justice, the…

Aker BP has encountered oil deposits in the Frosk exploration well 24/9-12 in the PL340 licence in the North Sea, the company announced on Monday.

The company is…

Kværner has received a NOK 3.8-billion (USD 481-million) contract from Statoil to build the topsides for the Johan Castberg FPSO, the Norwegian major announced on…

Norway’s energy ministry has granted a record 75 offshore oil exploration licences, international media reported on Tuesday.

Statoil, Aker BP, Shell, Total and…

A Norwegian court has ruled that drilling in the Arctic is not a violation of the constitutional right to a healthy environment, international media reported on…

Statoil plans to invest NOK 49 billion (USD 5.9 billion) in the Johan Castberg offshore field in the Arctic, the Norwegian major announced on Tuesday.

First oil at…

Norwegian company Offshore Resource Group signed an MoU with Iran’s Khazar Exploration and Production Company (KEPCO) to jointly conduct studies in the Caspian Sea,…

Hess Corporation has agreed to sell its oil and gas assets in Norway to Aker BP for USD 2 billion, Hess announced on Tuesday. 

The company is also in the process of…

Russia’s Rosneft is considering swapping some of its domestic assets for acreage on Norway’s continental shelf, international media reported on Thursday.

The…