The company's main objective is to maximise the economic value of the state's oil and gas portfolio on the basis of sound business principles.

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North Sea oil platform evacuated

Thursday, 09 September 2010 14:05
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Around 90 workers on the Gullfaks C oil platform in the North Sea were evacuated late Thursday evening, following a sudden pressure change during the drilling of a new well, TV 2 reports.

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Technip awarded new Subsea contract

Thursday, 09 September 2010 14:05
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Technip has announced that it has signed an agreement, worth around €30 million, with Statoil ASA for the fabrication and installation of a pipeline on the Marulk field in the North Sea.

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Oil find in the North Sea

Thursday, 09 September 2010 14:05
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Normal 0 21 The Norwegian oil company Det norske has discovered oil in Storklakken close to the Frøy field. The proven volumes are between 7 and 12 million barrels of oil equivalents. Det norske owns 100% of the licence.Det norske, operator of production licence 460, has completed drilling an exploration well (25/1-11) and a subsequent sidetrack (25/1-11 A) in the Storklakken prospect. The wells were drilled using the Aker Barents drilling rig.

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Hydro CEO new chair of IAI

Thursday, 09 September 2010 14:05
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Hydro's President and CEO Svein Richard Brandtzæg has been elected chairperson of International Aluminium Institute (IAI), the global aluminium industry association.
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Gas discovery in the Norwegian Sea

Thursday, 09 September 2010 14:05
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Norway's Statoil has struck gas in an exploration well north of the Mikkel Field in the Norwegian Sea. The discovery is being considered for development as a satellite to the Åsgard Field.

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