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Petoro

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Petoro increases billion-dollar cheque to Norwegian state

Despite fluctuating oil and gas prices, state-owned oil company Petoro has once again increased its contribution to the treasury – this time with a transaction to the Norwegian Oil Fund that is USD 336.8 million higher than in last year's first half.

Petoro øger milliardcheck til den norske stat

Svingende olie- og gaspriser til trods har det statslige olieselskab Petoro endnu engang skruet op for bidraget til statskassen – denne gang med en overførsel til Oljefondet, som er tre mia. norske kroner højere end i første halvår i fjor.

Norwegian state continues to bag huge gains from oil fields

State-owned Norwegian energy company Petoro, which owns one third of all oil and gas fields on the Norwegian shelf, now believes that oil extraction is on track to become a profitable business once again. The half-year results shows significant improvements compared to last year.

Statoil cuts billion from Sverdrup field budget

First stage development of the massive Johan Sverdrup field looks set be around a billion dollars cheaper than first projected, according to a new investment estimate published by the field's operator, Statoil.

Maersk Oil: Johan Sverdrup plan approved

The partners behind the enormous Johan Sverdrup oil field in Norway, including Maersk Oil, have received approval from the Norwegian authorities for the field development plan.

Johan Sverdrup dispute flares up again

The Norwegian Labor Party is concerned, that Norway has sold out of the country's assets to, among others, Maersk Oil, in the dispute over the Johan Sverdrup field. The five partners are now once again summoned to an emergency meeting with the Norwegian Minister of Petroleum and Energy.

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