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…
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…
Norwegian oil explorer Det norske made a small oil discovery in the Arctic Barents Sea with a gross oil column of about 30 metres and much poorer reservoir quality than expected, the Norwegian Petroleum Directorate said on Monday. Det norske…
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…
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…