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