Oil industry warns against overheating
Statistsics Norway (SSB) estimates that the total investments in oil and gas activity in 2012, including pipeline transportation, will be NOK 184.6; an increase of NOK 12.6 billion compared with the estimates given in the previous quarter. The main reason for the increase in investments is higher oil prices and the many fields already in production on the Norwegian Shelf. - To find a balance between the development of new finds and producing from excisting fileds will be important, says Petoro's Kjell Pedersen. (NRK)
Thursday, 29 December 2011 08:18
Related ArticlesOil&Gas: Statoil transfers Vilje operatorship to Marathon
Oil&Gas: Record Q1 result for Statoil
Oil&Gas: Statoil to cooperate with Russia's Rosneft
Statoil enters Ghana acreage
Statoil launches new rig type
Oil&Gas: Development of the Grieg Field approved
Oil&Gas: New licencing round announced
Oil&Gas: Closure of Mongstad considered
Oil&Gas: Gas leak on Statfjord C
Oil&Gas: Aker Solutions wins Snorre A contract
Oil&Gas: 25 per cent higher earnings in 2011
Oil&Gas: Statoil announces new major find
Oil&Gas: Snøhvit gas field upgraded
Oil&Gas: Record interest in Barents Sea
Oil&Gas: Production resumed at Hammerfest LNG
|
You may also be interested in...
Local News in Brief
Visit HolmenkollenPREV
NEXT
http://www.norwaypost.no/components/com_gk3_photoslide/thumbs_big/651488scaffold4.jpg
lower scaffoldinggoogle1e8b852d2a7a0128.html 404: Not Found google1e8b852d2a7a0128.html Sorry, but the content you requested could not be found. Please use the top menu to access your desired content page. Thank you. See details Most Popular
Social Networking
WHAT's YOUR OPINIONNorwaypost Classifieds
|
.Partners
|
The new, large finds of gas and oil on the Norwegian Shelf have led to increased optimism in the oil industry, but the industry warns against overheating in the market, NRK reports.
Statoil has announced that it is transferring operatorship of the Vilje field in the North Sea to Marathon Oil Norge.
..
Norway's Statoil has reported a first quarter 2012 net operating income of NOK 57.9 billion, a 14% increase compared to NOK 50.8 billion in the first quarter of 2011.
..
Norway's Statoil and Russia's Rosneft have signed a cooperation agreement. The companies have agreed to jointly explore offshore frontier areas of Russia and Norway and to conduct joint technical studies on two onshore Russian assets.
..
Norwegian energy producer Statoil has entered its first acreage in Ghana, farming into a deepwater licence operated by Hess.
..
Statoil has awarded Aker Solutions a contract for hiring of an entirely new type of rig which represents an important technological advance for the industry. The estimated value of the total contract is USD 1.9 billion.
..
The Norwegian government announced Friday it had approved the $4.2 billion development of the Edvard Grieg oil field in the North Sea. This is the first field offshore Norway to be operated by Swedish independent oil and gas company Lundin Petroleum.
..
The Ministry of Petroleum and Energy has announced the annual licencing round for mature areas on the continental shelf. The aim is to award new production licences in the announced areas in early 2013.
..
Having registered losses of NOK 9.2 billion on the Mongstad Refinery over the last three years, Statoil is now considering closing down the complex, NRK reports.
..
A hydrogen sulphide alarm on the Statfjord C platform in the Tampen area of the North Sea on Thursday sent the 236 people on the platform to the lifeboats, but the minor leak was quickly identified.
..
Aker Solutions has been awarded a contract by Statoil to deliver replacement and upgrading of the drilling equipment and systems on the Snorre A platform in the North Sea.
..
Net income to the government from oil and gas activity on the Norwegian continental shelf (NCS) was in 2011 up 24 per cent from the year before.
..
Norway's Statoil together with operator Repsol Sinopec and partner Petrobras has confirmed a high-impact discovery in the Pão de Açúcar prospect offshore Brazil.
..
Norwegian Statoil and its partners on the Snøhvit field in the Barents Sea have increased the reserves estimate by 20 billion standard cubic metres of gas. (Photo: Melkøya gas terminal)
..
Statoil has resumed production at the LNG plant at Melkøya outside Hammerfest in Northern Norway, following a temporary shutdown due to rupture of a firewater line last week.
..
