Norway

Oil prices rise on Norway strike

Hundreds of workers on Norwegian offshore oil and gas rigs went on strike today after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated field and helping send Brent crude prices higher. Norway is Western …

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Drop in oil prices cost each Russian $965

A drop in oil prices cost Russia $965 of gold and foreign exchange reserves per person to cope with the risks of devaluation of national currencies, the Izvestia newspaper reported with reference to the research data of FinExpertiza. …

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OPEC deal to become more global

Egypt, Norway and Turkmenistan made signs of their willingness to join the oil production cuts, Kuwait's oil minister Essam al-Marzouq said. The minister noted that  Saudi Energy Minister Khalid …

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Statoil admits anti-Russian sanctions hurt its business

Norwegian oil and gas company Statoil admitted that anti-Russian sanctions seriously damaged its business in Russia. It doubts that it will be able to implement the projects launched in the country, company's annual report says. …

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Norwegian company to build HPP in Georgia

Georgia has selected Clean Energy Group Georgia to build and operate the new Namakhvani hydroelectric power plant (HPP) in the country’s western region. The Namakhvani HPP Project entails the construction of a hydroelectric power …

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