Edition:
United Kingdom

Nerijus Adomaitis

Norway ramps up Western Europe's largest oilfield as oil's future questioned

05 Dec 2019

JOHAN SVERDRUP OILFIELD, North Sea Norwegian oil worker Nils Magne Lunde is preparing to drill a well at Johan Sverdrup, a North Sea offshore field which started in October and has quickly become Western Europe's biggest oil producer with rapidly rising output.

Norway wealth fund says climate change key to risk-based divestments

27 Nov 2019

OSLO Norway's $1.1 trillion (£857 billion) wealth fund, the world's largest, said climate change dominated discussions about whether it should sell stakes in companies because they are considered too risky.

Seadrill chairman steps down, company in talks over debt

21 Nov 2019

OSLO Seadrill Chairman John Fredriksen, the oil rig firm's top shareholder, is stepping down with immediate effect, the company said on Thursday, as it holds discussions with lenders about restructuring its massive debts.

Green groups return to court to stop Arctic oil drilling in Norway

05 Nov 2019

OSLO Environmental groups urged a Norwegian appeals court on Tuesday to take emissions from the country's oil and gas exports into account when ruling on the government's decision to allow oil firms to explore in Arctic waters in 2016.

Green groups return to court to stop Arctic oil drilling in Norway

05 Nov 2019

OSLO Green groups will try to convince a Norwegian appeals court on Tuesday that the government has violated the constitution by granting oil firms exploration rights in its Arctic waters.

Oil firm Lundin Petroleum's third-quarter beats forecast

31 Oct 2019

OSLO Swedish oil firm Lundin Petroleum , a partner in Norway's giant Sverdrup oilfield, posted a smaller-than-expected decline in third-quarter earnings on Thursday, while raising output forecasts and cutting capital spending guidance.

Norway wealth fund CEO to step down after 12 years

30 Oct 2019

OSLO The chief executive of Norway's sovereign wealth fund announced on Wednesday he will step down after nearly 12 years, saying just days after the fund hit a record value that it was a good time for a leadership change.

Equinor sticks to 2019 output forecast as low gas sales hit profit

24 Oct 2019

OSLO Equinor's third-quarter profit fell by more than expected on Thursday after a significant decline in the volume and price of natural gas sold to Europe, although the Norwegian firm reiterated its forecast for flat 2019 production.

World News

U.S. House panel approves impeachment charges against Trump

A Democratic-controlled U.S. House of Representatives committee approved charges of abuse of power and obstruction against Republican President Donald Trump on Friday, making it almost certain he will become the third American president in history to be impeached.