Edition:
United Kingdom

Nerijus Adomaitis

Oil firm DNO looking at Exxon Mobil's Norwegian assets

31 Jul 2019

OSLO Oil firm DNO is casting an eye over Exxon Mobil's Norwegian assets as it looks for more deals after buying London-based peer Faroe earlier this year, its executive chairman said on Wednesday.

Equinor reduces 2019 capex spending view after second quarter lags

25 Jul 2019

OSLO European oil major Equinor said on Thursday it expects less capital expenditure this year, partly due to further cost savings at its Johan Sverdrup oilfield, after reporting quarterly earnings slightly below forecasts.

Alone among peers, Norway raises rates, eyes two more hikes

20 Jun 2019

OSLO Norway's central bank raised its main interest rate on Thursday, as expected, and said it may hike again in September and in the first half of 2020 as domestic strength trumps a global economic slowdown, strengthening the crown currency.

Seismic surveyor PGS calls off debt refinancing, shares plunge

19 Jun 2019

OSLO PGS, the world's largest seismic surveyor, called off a planned debt refinancing on Wednesday, citing worsening investor sentiment toward the oilfield services sector over the past weeks, sending the Norwegian company's shares down 24%.

Okea sees foreign oil majors leaving Norway's offshore in a decade

18 Jun 2019

OSLO Norwegian oil firm Okea predicts all oil majors, except Norway's Equinor, will leave the Norwegian continental shelf in 10 years, opening up opportunities for smaller, independent firms, its chief executive said on Tuesday.

Oil firm Okea's IPO raises less than half initially planned

17 Jun 2019

* Had to lower IPO price to 21 crowns/share from 25-33 crowns

Global climate goal measures an 'enormous challenge' - Equinor

06 Jun 2019

OSLO Oil demand needs to halve, gas use must drop by 10% and coal use needs to be all but eradicated by 2050 to achieve the goals of the Paris agreement to limit global warming, oil company Equinor said in its energy outlook on Thursday.

REFILE-Global climate goal measures an 'enormous challenge', says Equinor

06 Jun 2019

OSLO, June 6 Oil demand needs to halve, gas use must drop by 10% and coal use needs to be all but eradicated by 2050 to achieve the goals of the Paris agreement to limit global warming, oil company Equinor said in its energy outlook on Thursday.

UPDATE 2-Equinor aims to replicate Arctic field savings at Rosebank

04 Jun 2019

OSLO/ABERDEEN, Scotland, June 4 Norway's Equinor and its partners will look to replicate savings from the Arctic Johan Castberg field off Norway at Rosebank, one of the largest undeveloped oil and gas fields on the British continental shelf.

Around 200 Norwegian oil workers threaten strike from June 4

29 May 2019

OSLO Around 200 Norwegian offshore oil and gas workers plan to go on strike on June 4 unless pay negotiations lead to a deal with employers, the Lederne labor union said on Wednesday.

World News