Exclusives

Statoil, Gullfaks Rimfaksdalen, start, North Sea, ONS, production, costs

ONS 2016: Statoil Starts Up North Sea’s Gullfaks Rimfaksdalen Early

The field in the Norwegian North Sea came online four months ahead of schedule with a lower development cost.

offshore, Norway, spending, investment, Statoil, Wood Mackenzie, oil

Report: Offshore Norway Investment May Fall By $50 Billion

​About 3 billion barrels worth of pre-FID projects await sanction, according to an energy consultancy.

An LNG tanker arrives at Skangas’ Pori Terminal in Finland.

Wartsila Expands Its LNG Footprint

Wartsila joins with Gasum to develop LNG distribution network for industrial sector.

Statoil, Johan Sverdrup, Eldar Sætre, North Sea, ONS, oil, offshore, Norway, costs

ONS 2016: Statoil Hits $25 Per Barrel Breakeven On Johan Sverdrup

Development costs for Phase 1 of the project offshore Norway have fallen by 21%.

oil, rig, count, Baker Hughes, Canada, U.S., production

Canada Pumps Up North American Rig Count

In the U.S., the eight-week streak of oil rig additions came to a halt this week.

OPEC, production, EIA, oil, export, revenue

EIA: OPEC Oil Revenue To Drop For Second Consecutive Year

​Unplanned production outages and low commodity prices have led to oil export revenue declines for OPEC members.

Statoil Pushes Ahead With Norwegian Double

Norway’s Statoil and its partners have submitted two Plans for Development and Operation (PDOs) for two field projects—one in the North Sea and one in the Norwegian Sea—that were both made economically attractive by the use of existing subsea infrastructure.