The electrification of Norwegian oil platforms in an area of the North Sea with power from the shore must be completed by 2022, the country's parliament said on Wednesday, settling a dispute that had threatened a $20 billion Statoil project.
Norway's parliament will try to force oil rigs in a large area of the North Sea to use electricity delivered from onshore, an environmentally friendly move but one that could push up costs and delay projects. A majority of parliamentary parties…
The startup of Norway's $20 billion Johan Sverdrup oil field, the country's largest industrial project in decades, will not be delayed by a political dispute over its source of power, Prime Minister Erna Solberg said on Wednesday. Opposition parties…
Marathon fails to sell smaller UK business; deal worth $2.7 bln including debt. Det norske shares rise as much as 9 pct. Marathon Oil Corp is to sell its Norwegian business for $2.1 billion to oil exploration group Det norske, part of plans…
Swedish oil firm Lundin Petroleum has found oil while drilling an appraisal well at its Edvard Grieg find in the North Sea, the Norwegian Petroleum Directorate said on Monday. Lundin Petroleum is the operator of Edvard Grieg and has a stake of 50 percent.