Norway Names First Shipowner to Break New ECA Rules

Sardius file photo (c)

  This article was written by, the world’s leading free to access website focused on marine fuel, with news, exclusive features, and bunker price indications for 150+ ports.  The Norwegian Maritime Authority (NMD) has named the first vessel it says broke this year's updated Emissions Control Area (ECA) rules, with two infractions coming … [Read more...]

Drone Video: Platform Supply Vessel NAO Protector in Stavanger, Norway

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Here is some video filmed on board the platform supply vessel NOA Protector during a recent visit in Stavanger, Norway. Notable vessels seen in the video include a Royal Caribbean cruise ship, the sailing cruise ship Seacloud 2, the world's strongest crane vessel Thialf (14,200 tons), the car ferry Fjordveien, and platform supply vessels Rem Fortune, Olympic Commander, NOA … [Read more...]

Statoil Gets Final Go-Ahead for Giant Johan Sverdrup Field Offshore Norway

Johan Sverdrup rendering. Photo: Statoil

  OSLO, Aug 21 (Reuters) - Operator Statoil and its partners have been given the formal approval to develop the first phase of their giant Johan Sverdrup oil field off the coast of Norway, the country's energy ministry said on Friday. The largest field found in the North Sea in three decades could hold as much as 2.9 billion barrels of oil and has an estimated cost … [Read more...]

Oil’s Plunge Takes Toll on Norwegian Economy

Photo: Shutterstock/donvictorio

  By Saleha Mohsin (Bloomberg) -- Norway’s economic growth slowed in the second quarter as plunging crude prices sap investments and drive up unemployment in western Europe’s biggest petroleum producer. Seasonally adjusted gross domestic product, excluding oil, gas and shipping, grew 0.2 percent, after expanding a revised 0.3 percent in the first quarter, … [Read more...]

Norway Baffles Analysts by Ceding 15 Million Barrels of Oil

Johan Sverdrup rendering. Photo: Statoil

By Mikael Holter (Bloomberg) -- No one can accuse the Norwegian government of being greedy when it last week decided on the ownership stakes in the giant Johan Sverdrup oil discovery. After months of deliberation, the Petroleum and Energy Ministry’s decision meant it took away as much as 15 million barrels of oil from Petoro AS, the state-owned oil company. The other … [Read more...]

Norway Cuts Det Norske Stake in Giant Johan Sverdrup Oil Field

johan sverdrup field

By Saleha Mohsin and Mikael Holter (Bloomberg) -- Det Norske Oljeselskap ASA, which complained its share of the giant Johan Sverdrup oil field was insufficient, got an even smaller stake after Norway’s government was called in to resolve the dispute. Det Norske fell the most in more than four months in Oslo trading after the government redistributed the stakes on … [Read more...]

Statoil Suspends Another Rig Contract

Scarabeo 5. Photo: Statoil

Norwegian oil major Statoil has decided to suspend its contract for the semi-submersible drilling Scarabeo 5 due to overcapacity in its rig portfolio.  The suspension will take effect once Scarabeo 5 has completed drilling of a well on the Kristin field in the middle of August, and will last until 1 March 2016. “We regret the need to suspend Scarabeo 5, but we will … [Read more...]