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.
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.
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.
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.
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
* Crown currency initially strengthens before fading
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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.
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.
* Shares up 7%, best performer of European STOXX index
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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.