Research and Markets has announced the addition of the “Oil & Gas in Norway” report to their offering.
The Oil & Gas in Norway industry profile is an essential resource for top-level data and analysis covering the oil & gas industry. It includes detailed data on market size and segmentation, plus textual and graphical analysis of [...]
The Rs 4,000-crore alumina refinery project of Utkal Alumina International Ltd (UAIL) in Kashipur, Rayagada district, seems destined to be further delayed. The project, which has been hanging fire for the last 16 years, is facing fresh trouble from local inhabitants. “Work on the site has stopped for the last three weeks as project-affected [...]
Norway’s Norsk Hydro has agreed with Australia’s United Minerals Corporation (UMC) to explore the possibility of bauxite mining and alumina refining in the Kimberley region of Western Australia.
“A final agreement would give Hydro a 75 percent holding in a potential bauxite and alumina project, in line with Hydro’s strategy to grow in primary aluminium production [...]
Cape Alumina Pty Ltd., part owned by Chinese aluminium group Chiping Xinfa Huayu Alumina Co Ltd., has gained approval to look further afield for bauxite in Australia, underscoring China’s hunger for the raw aluminium-making material outside its borders.
Cape Alumina is prospecting in Australia’s bauxite-rich Cape York region, where world No.2 miner Rio Tinto Ltd./Plc. also [...]
Norsk Hydro Produksjon AS (Hydro) has secured consent to carry out production drilling using pressure-balanced drilling technology from the facility on the Grane field.
Pressure-balanced drilling is a form of rotation drilling in which the weight of the drilling mud column is reduced and the pressure at the top of the well is controlled using a [...]
A new state-controlled offshore oil giant made up of Norway’s two key petroleum companies should be called StatoilHydro to end an ongoing debate over its name, the company boards recommended Wednesday.
In December, state-controlled Statoil ASA said it was acquiring the oil and gas operations of smaller rival Norsk Hydro ASA in a $30 billion deal [...]
Statoil, the leading Norwegian oil and gas group, has reported record profits for 2006 owing to high prices for hydrocarbons and despite a fall of production.
Net profit surged by 32.0 percent to 40.615 billion kroner (4.98 billion euros, 6.47 billion dollars) from 30.73 billion kroner in 2005.
Sales rose by 10.0 percent to 423.5 billion euros.
Chief [...]
Statoil and Hydro have completed a value verification process following the agreement between the companies’ boards of directors to merge Hydro’s oil and gas activities with Statoil.
The intention of the review has been to verify the information exchanged between the parties prior to the conclusion of the agreement.
In connection with the publicising of the merger [...]
Norsk Hydro ASA said Monday it will write down the value of its stake in the Front Runner field in the Gulf of Mexico by US$462 million (euro358 million) after taxes due to lower production and higher costs than expected.
The Oslo-based oil and light metals group owns a 25 percent stake in the deepwater field, [...]
The oil ministry on Monday offered oil companies a record 48 exploration licenses for 85 offshore blocks, most near existing fields that Norway hopes will stimulate future production.
Norway, the world’s third largest oil exporter after Saudi Arabia and Russia, began offering unexplored blocks near existing, or mature, finds in 2003 in what it calls Awards [...]
