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

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.


Technip awarded new Subsea contract

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.


Oil find in the North Sea

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.


Hydro CEO new chair of IAI

Hydro's President and CEO Svein Richard Brandtzæg has been elected chairperson of International Aluminium Institute (IAI), the global aluminium industry association.

Gas discovery in the Norwegian Sea

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.


Oslo Børs Benchmark Index_GI (OSEBX)

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