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 On the Edge – An opinion column about current issues in Norway By Siv Jensen, leader of the Progress Party Written exclusively for the Norwegian American Weekly Over the past seven years, Norway’s disability pensioners have increased by 228,279 people and added NOK 2 trillion more in the Oil Fund. Over 100,000 students have [...]  Norway’s oil and gas sector brings growth to some businesses, while others struggle with high costs On Feb. 9, Norsk Industri presented its annual assessment of current condition and outlook for the year. “We see the [oil and gas] industry as Norway’s golden egg,” says Communications Director Finn Langeland of Norsk Industri (Federation of [...] 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 28 July 2010 – Norwegian oil major Statoil ASA (OSL: STL) could be one of the potential buyers now when UK energy major BP (LON: BP) will sell assets worth USD30bn to cover its debt, Oystein Noreng, professor in petroleum economics, told yesterday Norwegian news source E24.no. Statoil has a lot of money [...] ABERDEEN, UK – Wintershall Norge has discovered oil in the Maria prospect in Mid-Norway’s Halten Terrace region. According to partner Faroe Petroleum, well 6406/3-8 T2 intersected a thicker than expected gross oil column of 210ft (64m). Preliminary analysis suggests in-place volumes of 250-and 520 MMboe of oil and associated [...] By Juliet Eilperin and Steven Mufson Thursday, July 22, 2010 NY-ALESUND, NORWAY — Few, if any, nations have paid as much attention to the safety of offshore drilling as Norway, which is surrounded by oil-rich seas. For Full Story & Source: The Washington [...] OSLO, July 15 (Reuters) – In an effort to limit emissions of carbon dioxide, Norway’s biggest oil and gas producer Statoil (STL.OL: Quote) has powered up its first floating offshore platform with electricity from land. For Full Story & Source: Reuters Africa Oil major BP Plc will pay Total SA $991 million in cash for its French rival’s holdings in two oil fields in the Norwegian North Sea as it continues an acquisition spree and Total sheds non-core assets. The world’s third-largest Western oil major by market value has agreed to buy [...]  The sea areas off Lofoten and Vesterålen contains less oil and gas than the industry has believed. NPD’s new estimate is 1.3 billion barrels. It is far less than what the Norwegian Oil Industry Association (OLF) think hiding under the seabed off Lofoten and Vesterålen, namely 3.4 billion barrels. Compared with the largest fields [...] Aker Solutions has signed a major contract with Petrobras to supply sulphate removal units for two FPSOs (Floating Production Storage and Offloading) platforms which will operate offshore Brazil. Contract value is USD 41 million. The scope of work comprises the supply of two sulphate removal systems (SRUs) with associated equipments. The SRU systems will be [...] |
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