Norway’s Statoil invests in new technology for oil and gas benefits

Norway’s Statoil has been investing heavily in fracking exploration technology recently in an effort to boost efficiency on both environmental and financial grounds. In recent years, the process of hydraulic fracturing has revolutionised the extractive industry. The technology has revitalised the US’s energy prospects and offered a better promise of economic ... Read More...

Rise in Oil Resources in Norway

The Norwegian Petroleum Directorate (NPD) recently increased its estimate of undiscovered recoverable oil and gas resources in Norway. The increase was 16% to 18.74 billion barrels of oil equivalent, up from its last estimate made in 2011 of 16.17 billion boe. The increase is due to resources in the Barents Sea ... Read More...

Oil and Gas activity in the North of Norway

As western Europe’s largest oil and gas producer, Norway is now exploring the idea that up to 40% of its untapped resources could be in the Barents Sea. These resources are estimated to be worth up to 230 billion Euros. With this, Kirkenes – a small Norwegian town in the high ... Read More...