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Nerijus Adomaitis

Norway posts first monthly trade deficit since 2017 as gas exports plunge

12:08pm BST

OSLO Norway recorded its first monthly trade deficit in almost two years last month, triggered by a sharp fall in sales of natural gas and a decline in the price of crude oil, its two most important exports.

UPDATE 2-Norway raises Martin Linge project cost estimate by $865 mln

07 Oct 2019

OSLO, Oct 7 Norway's Martin Linge offshore oil and gas project will cost $865 million more than previously expected and take an extra half year to come on line, the government and operator Equinor announced on Monday.

Norway's Equinor to cooperate with China's CPIH in offshore wind

25 Sep 2019

OSLO Norwegian energy firm Equinor and state-owned China Power International Holding (CPIH) plan to cooperate in offshore wind developments in China and Europe, they said on Wednesday.

Norway's public backlash against onshore wind threatens sector growth

25 Sep 2019

OSLO Oil-rich Norway has seen a boom in onshore wind power fueled by foreign investment, but future growth is at risk after a public backlash sparked a moratorium on new projects and prompted wider calls for a regulatory overhaul.

Norway's public backlash against onshore wind threatens sector growth

25 Sep 2019

OSLO, Sept 25 Oil-rich Norway has seen a boom in onshore wind power fuelled by foreign investment, but future growth is at risk after a public backlash sparked a moratorium on new projects and prompted wider calls for a regulatory overhaul.

UPDATE 2-Lonely Norway raises interest rates, but less chance for another hike

19 Sep 2019

* Crown currency initially strengthens before fading (Adds quotes, background, updates currency)

Oil demand to peak in three years, says energy adviser DNV GL

11 Sep 2019

OSLO Global oil demand will peak in three years, plateau until around 2030 and then decline sharply, energy adviser DNV GL said in one of the most aggressive forecasts yet for peak oil.

Equinor plans early Sverdrup start-up, $5 billion share buyback

05 Sep 2019

OSLO Equinor on Thursday launched a $5 billion share buyback and said its Johan Sverdrup oilfield, the largest North Sea discovery in more than three decades, will come on stream in October, a month earlier than planned, lifting its shares.

UPDATE 4-Equinor plans early Sverdrup start-up, $5 bln share buyback

05 Sep 2019

* Shares up 7%, best performer of European STOXX index (Adds analyst comment, updates share)

Norway says 33 oil firms seek exploration blocks in mature areas

04 Sep 2019

OSLO Thirty-three oil companies submitted bids for exploration blocks offshore Norway in a so-called predefined areas (APA) licensing round, the Ministry of Oil and Energy said on Wednesday.

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