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…
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 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.
The Norwegian parliament's energy committee has agreed the electrification of oil platforms on the Utsira High in the North Sea with power from land must be completed by 2022, Norwegian lawmakers said on Wednesday. The decision means that the $20 billion development of the Johan Sverdrup oilfield…
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…