UPDATE 1-Norway oil industry to see good times for next 3-4 years

UPDATE 1-Norway oil industry to see good times for next 3

Norway’s leading industry has been on the mend for the past two years after a 2014-2016 downturn during which oil companies slashed investments, projects and jobs.

Norway oil industry to see good times for next 3-4 years

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Norway oil industry to see good times for next 3-4 years

Norway’s leading industry has been on the mend for the past two years after a 2014-2016 downturn during which oil companies slashed investments, projects and jobs. “We are still in the upturn phase (of the cycle). We have many field developments ongoing.

UPDATE 1-Norway to examine competition conditions in oil

Last month, BP and independent oil firm Det norske agreed to merge their Norwegian business in a $1.3 billion all-share deal, partly to counter Statoil’s dominant position in the sector.

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UPDATE 1-Norway sees 2010 oil and gas output down 1.3 pct

The budget said that investment in Norway’s oil and gas fields would amount to some 118 billion crowns next year, still a relatively high level compared to recent years but down from 135 billion

UPDATE 1-Norway’s Jan oil output below official forecast

Norway’s daily oil output fell by 4.3 percent in January from December and missed the Norwegian Petroleum Directorate’s forecast for the month by about 0.3 percent, preliminary data from the

Norway’s mainland industry strengthens but oil keeps

Norway’s industrial output jumped at the start of the second quarter after two months of contraction, but the oil industry’s struggles continued to weigh on growth.

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What is Norway’s business plan after the oil runs out? – Quora

Also, oil extraction was a well understood industry even if new to Norway in the 1960’s. In a country where the voters have long voted for the welfare state and safety its hard to foster the development of taking big and bold risks.

UPDATE 1-Norway oil investment to fall less than expected

Oil companies are expected to submit 10 new field developments for government approval by end of 2017, and a further six plans in 2018, helped by higher oil prices and falling costs.

UPDATE 1-Norway’s $1 trillion wealth fund backs Linde

Sep 19, 2017 · Established to save oil and gas revenues for future generations, the fund is now worth about 2.5 times Norway’s annual gross domestic product, against original projections it would peak at …

Norway Sounds Alarm on Oil-Industry Safety – WSJ

Norway’s oil-industry regulator raised fresh concerns about safety standards slipping in the North Sea during the competition to cut costs forced by a two-year oil-price slump.

Both Climate Leader and Oil Giant? A Norwegian Paradox

Jun 17, 2017 · But oil and gas are vital to Norway’s economy, representing 12 percent of gross domestic product and more than a third of Norwegian exports, according to the nation’s petroleum directorate.