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The Beginning Of The End For Norwegian Oil

Authored by Viktor Katona via OilPrice.com, The demise of the North Sea doesn’t necessarily mean the end of Norway’s petroleum era – far from it. Still, despite significant reserves in the Barents Sea, Norway is about to embark upon a long period of structural decline as its benchmark fields inch closer to depletion and its […]


Norway’s Oil Sector Faces Existential Crisis

Authored by Tsvetana Paraskova via OilPrice.com, Oil companies have recently focused on frontier exploration drilling in the Barents Sea offshore in Norway, neglecting the powerhouse of the Norwegian oil industry, the North Sea. Exploration activity in the North Sea – the most mature area of Western Europe’s biggest oil producer – is at an 11-year […]


Russia Goes All In On Arctic Oil Development

Authored by Tsvetana Paraskova via OilPrice.com, Neither sanctions nor persistently low oil prices are hindering Russia’s ambitions or plans to develop oil resources in its sections of the Arctic. In April, state-controlled oil giant Rosneft started drilling the northernmost well on the Russian Arctic shelf in the Khatangsky license area in the Laptev Sea. In […]


Norway Removes Greenpeace Ship From Statoil Arctic Drill Site

Authored by Zainab Calcuttawala via OilPrice.com, Norway’s coast guard has removed Greenpeace protestors from a safety zone near Statoil drilling operations in the Korpfjell field of the Barents Sea, according to a new report in the Maritime Executive. The protestors used kayaks to infiltrate a 500-meter exclusion zone around the Songa Enabler on Thursday in […]