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...

Oil enthusiasm reaches Norway’s youth

Norway’s oil industry is responsible for a large number of jobs in Norway. A report recently launched by Norsk Olje og Gass (Norwegian Oil Industry Association) has shown that the oil industry accounts for around 250,000 full-time jobs in Norway. The large interest and investment in the oil and gas industry ... Read More...

Oil and gas industry sees boom in Norway

The oil and gas industry in Norway is currently seeing a positive growth with investments following the same positive tendency. Already this year, the oil and gas investments in Norway hit a new record, NOK 198.7 billion compared to NOK 172.5 billion last year. 10232 ... Read More...

“Oil Cluster” companies create 10,000 jobs in Norway

This week, the Norway Industry Federation disclosed financial information regarding “the oil cluster” in Norway. The group consists of companies that derived more than 30% of their turnover from oil and gas exploration or oil-service. The federation revealed that the “oil cluster” gained 10,000 jobs, while non-oil companies lost 5,000 ... Read More...

Norwegian Oil Industry set to grow in 2014

Norway, the eighth largest exporter of oil in the world, expects that oil production will decrease from 561 mln to 538 mln barrels between 2012 to 2013; however, 2014 will see a gradual recovery. According to Gro Braekken, leader of industry lobby group Norwegian Oil and Gas, “It’s important and urgent ... Read More...

New Job Opportunities in the Oil Industry in Norway

Over the next two years, Norway predicts it will recruit around 5,000 engineers for the oil industry sector. The expansion of the oil industry worldwide and the reputation of Norwegian companies in the sector led to an accentuated shortage of qualified workforce in the market. Currently, many companies operating in the ... Read More...