News on Norway.

Report: Norway should sell its oil shares

olie gas ild flaring Offshore:

Norway should sell the oil shares the country owns through Oljefondet, its state-owned oil fund, as the state is already sufficiently exposed to the oil sector through its stake in Statoil and in several fields on the Norwegian shelf, says a professor of economy in a new report.

Costs of Norwegian oil production halved

Melkøya - Photo HELGE HANSEN - Statoil.jpg Offshore:

Since 2014, costs in the Norwegian oil sector have been more than halved according to a new report from the Norwegian Petroleum Directorate. While 2017 and 2018 will see a lower investment level than in 2016, the picture will change in 2019, say estimates. Read the report here.

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