Tag Archives: gas

Statoil posts Q2 profit surge

By IAN MacDOUGALL (AP) OSLO, Norway — Norwegian oil company Statoil ASA said second-quarter net profit surged to 3.6 billion kroner ($584 million) from only 77 million kroner a year earlier, as increased production and rising oil prices offset a weak natural gas market. For Full Story & Source: AP

Gassco Said to Shut Norway’s Kollsnes Gas Plant in September

July 14 (Bloomberg) -- Gassco AS, Norway’s natural-gas pipeline operator, will suspend exports from its Kollsnes gas- processing plant in September as it closes for maintenance, according to six people with knowledge of the work schedule. Kollsnes is scheduled to shut for two weeks from Sept. 12, two of the people said, ...

Household expenditure increased 7.8 per cent

Shopping

Private households spent an average of NOK 395,000 per year on expenditure in the period 2007-2009; a real increase of 7.8 per cent compared with the period 2004-2006. Due to small yearly samples, it is only possible to publish results from the survey for groups of households when samples for three years are combined. Housing, water, electricity, ...

Norway supports development of roadmap for CCS within industries

The Norwegian Ministry of Petroleum and Energy has granted 1.8 million NOK (212.500 Euro), to the The United Nations Industrial Development Organization (UNIDO) in support of their effort to develop a roadmap for the deployment of carbon dioxide capture and storage (CCS) within industrial processes. The roadmap will target industrial sectors in developing countries and ...

Limiting exposure to harmful cooking fumes

Having trouble deciding whether to buy a gas or an electric stove? If you’re worried about cooking fumes – and research suggests you perhaps should be – an electric stove may be a better choice, researchers at the Norwegian University of Science and Technology have found. The research, published ahead of print in Occupational and Environmental Medicine, ...

Continued deliveries in turbulent markets

Statoil's strategy update, fourth quarter 2009 and preliminary results for 2009. Statoil today presents its fourth quarter results and its Strategy Update. Statoil's fourth quarter 2009 net operating income was NOK 33.5 billion, compared to NOK 37.8 billion in the fourth quarter of 2008. In 2009, net operating income was NOK 121.6 billion compared to NOK ...

Statoil awarded exploration licences

Tove Stuhr Sjøblom, Statoils senior vice president of exploration on the Norwegian continental shelf. (Photo: Hild Bjelland Vik) The Norwegian authorities awards in predefined areas in 2009 (TFO2009) constitute the seventh round since the inception of such mature area awards in 2003.   “We are very pleased with this year’s awards. The annual availability of acreage in mature areas on the Norwegian continental shelf has provided the industry with constancy and formed the basis for the good

Statoil has today been awarded shares in eight exploration licences on the Norwegian continental shelf. The company is operator on six of the licenses. The Norwegian authorities' awards in predefined areas in 2009 (TFO2009) constitute the seventh round since the inception of such mature area awards in 2003. “We are very pleased with this year’s awards. The ...

Russian-Norwegian cooperation project on safeguarding industrial activities in the Barents Sea concluded

Moscow: The Barents 2020 cooperation project on safeguarding petroleum activities in the Barents Sea was concluded today at a conference in Moscow. More than 100 Russian and Norwegian experts have worked together for close to three years on identifying common rules and standards for health, safety and the environment in the Barents Sea. Today they ...