Tag Archives: oil and gas industry

Recent North Sea discovery even larger than expected

Statoil’s executive vice president for Exploration, Tim Dodson, shows off oil samples from the Aldous discovery during a 16 August press conference.  (Photo: Ole Jørgen Bratland)

Communication between the Aldous and Avaldsnes oil discoveries in the North Sea has now been confirmed. In combination these discoveries may represent an oil structure of between 500 million and 1.2 billion barrels of recoverable oil equivalent. If the upper part of the interval strikes pay dirt, the discovery will be one of the ten ...

Surplus in goods trade with the EU, deficit in the trade with services

In 2010, Norway exported goods to EU countries for NOK 321 billion more than we imported, while the trade in services with the EU resulted in a loss of NOK 15 billion. The positive trade balance with the EU is dominated by the high export earnings from the oil and gas industry. ...

An industry for the future – report to the Storting on Norway’s petroleum policy

Today, the Norwegian Government is publishing a report to the Storting (the Norwegian Parliament) entitled “An industry for the future – Norway’s petroleum activities” (Meld. St. 28 (2010-2011)). The Government wishes to facilitate focused efforts to keep petroleum production levels very high for generations to come. In this context, it ...

IEA: – Norway a major contributor to energy security

As a major oil and gas producer as well as a strong global advocate of climate change mitigation, Norway holds a unique position in the global energy sector. Moreover, as the third largest exporter of energy in the world, Norway is a major contributor to the energy security of consuming countries. ...

No increased R&D in 2009

Norwegian business enterprises reported a total of NOK 18.2 billion in research and development (R&D) expenditure in 2009. This represents no change compared to 2008. In fixed prices, this equals a reduction of 3.9 per cent. The final figures for R&D in business enterprises have been adjusted downward compared to preliminary figures ...

APA 2010 – Awards

The Norwegian Government has decided to offer 50 production licenses in the awards in predefined areas 2010 (APA 2010). - Today I am offering participation interest in production licenses to 39 companies of which 22 companies are offered operatorship. The companies have shown great interest for APA 2010, which reflects on the ...

Clean Tech Innovation Takes The Prize

 Kjeller Vindteknikk senior advisor Erik Berge and managing director Lars Tallhaug accept the 2009 Innovation Prize from then NHO director general Finn Bergesen Jr. © NHO/Anne Birgitte Hjelseth

In the past several years, there has been a clear increase in the number of clean tech finalists for the Confederation of Norwegian Enterprises’ Innovation Prize, the award recognizing commercially successful products and services with the most promising future. This latest trend highlights the revitalization of two of Norway’s traditional ...

High activity off Norway in 2010

The Vega subsea field in the North Sea was one of the new fields where production started in 2010. The field has been developed with three seabed templates, sending gas and condensate to the Gjøa platform.

In 2010 Statoil started production on three new fields, delivered a plan for development and operation (PDO) of two new fields and chose concepts for two of our main improved recovery projects. Statoil’s strategy is to maximise the value on the Norwegian continental shelf (NCS), and its goal is to maintain the current production ...

Gas is key for Europe to reach climate target at lowest cost

Europe can meet its 2050 ambition of reducing its CO2-emissions by 80 per cent compared to 1990, in a faster and more cost-efficient way if natural gas plays a significant part in the energy mix going forward. In a report initiated by a group of experienced gas players in Europe and ...

Technology partnership with Siemens

The cooperation agreement was signed by Nils Klippenberg (left), director of Strategy and global account manager in Siemens, and Halfdan Knudsen, senior vice president for process and refining technology in Statoil. (Photo: Ole Jørgen Bratland)

Statoil and Siemens have signed a technology development cooperation agreement. The partnership will initially embrace wind power, subsea technology, electrical engineering technology and energy efficiency measures. Cooperation between the companies facilitates the development of future path-breaking technology. Based on complementary user needs and technological opportunities we aim at developing technological solutions that contribute to more environmentally friendly, ...