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Iran deal exacerbates Norway’s oil risks as supply set to swell

By MIKAEL HOLTER

OSLO, Norway (Bloomberg) — Norway’s oil industry, already struggling after crude prices collapsed last year, is being dealt another blow as an Iranian nuclear deal promises to boost global supply. 463 more words

Norwegian Oil Giant Statoil Plans To Build World’s First Floating Wind Farm

Statoil, the Norwegian oil and gas giant, is considering taking a major role in wind power. The state-owned energy company said July 7 that it will decide in September whether to invest in a floating wind farm off the east coast of Scotland. 235 more words

News

COSL 'job cuts' after rig cancelled

COSL Drilling Europe is reportedly being forced to make 229 rig staff redundant as a result of Statoil’s decision to cancel the charter for semi-submersible unit COSL Pioneer, leaving half of COSL’s fleet of six units out of work.

via Upstreamonline

3.2 Drilling Rigs

Norway's Statoil makes oil discovery in the Gulf of Mexico

Norwegian energy provider Statoil has announced that it has made an oil discovery in its Miocene Yeti prospect located in the Gulf of Mexico (GoM). 175 more words

Norway's Oil Giant Statoil to Lose 2,000 More Jobs After Collapse in Crude

Statoil ASA, Norway’s state-controlled oil producer, will cut as many as 2,000 more jobs by the end of next year as it reacts to lower crude prices by slashing costs.Statoil plans to lose about 1,100 to 1,500 permanent employees and 525 consultants by the end of 2016, the Stavanger-based company said. 365 more words

News

Shell Arctic drilling rig departs Seattle surrounded by protesters

From Reuters

A Royal Dutch Shell PLC drilling rig that will search for oil in the Arctic left its temporary base in Seattle on Monday for the trip north to Alaska as dozens of activists in kayaks tried to stop it, authorities said. 363 more words

Economy

Norway's Statoil to cut up to 1,500 more jobs

AFP

Statoil, grappling with plunging global oil prices, plans to cut between 1,100 and 1,500 jobs, or seven percent of its workforce, by the end of 2016, the Norwegian oil giant said Tuesday. 169 more words