Giant budget violations on the Norwegian shelf

The development of the oil fields Yme, Skarv, and Valhall on the Norwegian shelf account for a vast majority of the budget violations totaling around USD 8.5 billion

BY OLE ANDERSEN

Three expansion projects on the Norwegian shelf have cost USD 7.1 billion more than expected, according to a survey performed by Norwegien Oljedirektoratet and covering projects that are or should have been in production, and which constitute investments of more than USD 1.7 billion each.

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Giant budget violations on the Norwegian shelf

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New investments in Norwegian offshore for USD 69.5 billion

Norwegian supply company indicted in tax case

Norway's oil will only last till 2025

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Front page now

Wärtsilä to introduce ammonia engine: "We are definitely not a bottleneck"

Will the world come to need 12 million barrels of oil a day?

Poseidon Principles align with IMO climate targets

Royal Arctic Line's chief executive steps down

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Gram Car Carriers lands multi-year contract worth USD 114m

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Further reading

Carriers go their separate ways on climate quotas

Wärtsilä to introduce ammonia engine: "We are definitely not a bottleneck"

Media: Sale of DB Schenker enters next phase

It's time for DHL's new global head of ocean freight to prove he can be number one

Will the world come to need 12 million barrels of oil a day?

Russia takes more risks by increasing shipping on Arctic route

Jobs