Swedish oil explorer Lundin Petroleum will book a net exploration cost of $66 million in the first quarter of this year, it said on Tuesday. "During the Period, Lundin Petroleum completed two exploration wells in Norway and two exploration wells…
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…
Swedish oil firm Lundin Petroleum has confirmed the size of a significant oil discovery in the Arctic, the company said on Monday after completing a second well. The Gohta discovery in the Norwegian section of the Barents Sea is now estimated…
Norwegian oil firm Det norske has lifted the resource estimate for the Ivar Aaasen field in the North Sea after signing an agreement to combine several adjunct licenses and good drilling results, it said on Monday. The firm said the combined…
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…