Norsk Hydro Announces Discovery, Merger Moves Ahead

Statoil 2009 Profits Down 29%

Companies / Norway Norwegian national oil company Statoil has announced its Q409 and full year 2009 results. Total revenues fell 29% in 2009 to NOK465bn (US$79bn) from NOK656bn (US$112bn) in 2008.

Oil Companies Still Interested In Norway's Reserves

Companies / Norway The Norwegian government has awarded 38 production licences to 42 companies, of which 19 have been offered operatorships, according to the country's Ministry of Petroleum and Energy.

Oil Industry Pushes Government To Open Lofoten To Drilling

Economy / Norway The Norwegian oil industry association, the OLF, has published the findings of a study showing that 70% of Norwegians are in favour of an impact assessment to assess the potential effects of oil and...

Det Norske And Aker Exploration Complete Merger

Companies / Norway Norway's Det Norske Ojeselskap and Aker Exploration have completed their merger after the close of trade on the Oslo Bourse on December 22.

Statoil Makes Gas Discovery At PL159B In Norwegian Sea

Industry / Norway Norway's state-owned Statoil has announced a gas discovery at Production Licence 159B, near its producing Norne field in the Norwegian Sea. Statoil said that the field is estimated to contain between...