Greenpeace on Friday warned Norway that its plans to open up its Arctic seabed to mining would cause “irreversible” damage to the entire marine ecosystem. The Scandinavian country is expected to award the first exploration licences in 2025, and could become one of the first nations in the world toContinue Reading
Even though Norway saw a rise in oil and gas production in January 2023 compared to the volumes recorded during the year before, both of these figures are lower than the ones observed in December 2023. While the oil output is above the figures included in the Norwegian Offshore Directorate’sContinue Reading
Norway on Tuesday awarded stakes in 62 offshore oil and gas exploration licences to 24 energy companies, including state-controlled Equinor , boosting the amount of acreage offered as the country seeks to pump for decades to come. The annual award was up from 47 licences a year ago when 25Continue Reading
Norway is aggressively promoting all things electric. While the air is cleaner and the electric grid remains in tact, not everything is perfect in Norway — and charging is still a pain. If any country can figure out easy EV charging, it really ought to be Norway. The country isContinue Reading
The two companies that produce many million tons of oil at Arctic fields might soon start to send shiploads to Asian buyers across the Northern Sea Route. According to Rosatom, the nuclear power company that manages Russia’s fleet of nuclear icebreakers, there is a significant potential in oil shipments onContinue Reading
The hunger for Barents Sea oil is on decrease among petroleum companies. What a decade ago was a big hope for big oil has been followed by a row of disappointments as one drilling well after the other has proved to contain more gas than oil. On Tuesday, the MinistryContinue Reading
Norwegian comments on the Norwegian government doubting if they should support the Ukrainian gas industry: Gustav Ollansen, a resident of Oslo writes: “I am strongly against supporting Ukraine, and especially its energy industry. It is bad to support bribery, isn’t it?” Just to let you know, that very area inContinue Reading
Skyrocketing energy prices and the consequences of the invasion of Ukraine are encouraging some global leaders to expand hydrocarbon production in the Arctic. If this goes ahead, it would be a disaster. The Arctic is warming faster than any other region on Earth. But even as climate change threatens its uniqueContinue Reading
The global oil market is gradually recovering from the crisis caused by the 2020 coronavirus pandemic. The increase in demand for oil, followed by restrictions cancellation in different countries, is natural and causes “black gold” supply shortages. Hence the need to increase oil production by the key exporters (Saudi Arabia,Continue Reading
In north-eastern Estonia, an oil spill has been found near the Baltic Sea Port of Sillamäe. On Sunday, July 18, the Estonian Police and Border Guard Board’s Maritime Surveillance Centre was notified of 20 or more litres of oil spilled into the Baltic Sea. The responsible services accessed the siteContinue Reading