Det norske oljeselskap ASA (OSE:DETNOR) reported operating revenues in Q3 2008 in the amount of MNOK 102.2, as compared to MNOK 19.4 in the same quarter in 2007. The operating loss amounted to MNOK 108.3. The net income in the period was MNOK 5.6. In the corresponding quarter last year, the company reported an operating [...]

Standards developed by the members of the Open Geospatial Consortium, Inc. (OGC) play a key role in OneGeology, a global project to produce the first digital geological map of the world. OneGeology, launched in August, 2008 at the 33rd International Geological Congress in Oslo, Norway, is now supported by 94 nations and seven international umbrella [...]

Det norske oljeselskap ASA sells its 10 percent interest in Production Licenses 316 (the Yme Field), 316B, 316 CS, and 316 DS to Lotos Exploration and Production Norge AS. The consideration for the transaction is NOK 390 million. The purchase amount includes NOK 118 million in remaining tax balance. In addition, Det norske (OSE:DETNOR) will [...]

Det norske oljeselskap ASA has entered into a license swap agreement with Aker Exploration with respect to Production Licenses (PL) 460 and 463S in the North Sea. This agreement strengthens Det norske’s position around the Frøy Field.
As a consequence of this agreement, Det norske will increase its interest in PL 460 by 12.5 percent, from [...]

Det norske oljeselskap ASA announces that it has entered into a Heads of Agreement with a Contractor regarding lease of a jack-up production unit for the Frøy Field.
Det norske has entered into this Agreement for the purpose of supporting the progress of field development and operation of the Frøy Field in Production License (PL) 364. [...]

Det norske oljeselskap has signed an agreement with VNG Norge, a subsidiary of the German VNG Group – Verbundnetz Gas AG, for sale of shares in three production licenses off mid-Norway.
Det norske is the operator and carries a large ownership interest in all three licenses. This transaction confirms the value creation potential in the early [...]

Aluminum and energy group Norsk Hydro ASA told the press that its profit dropped 87 percent in the second quarter on falling sales and higher costs.Net profit was 786 million kroner ($155 million), down from 5.95 billion kroner in the same quarter last year.
Sales dropped 4 percent to 23.98 billion kroner ($4.72 billion) from 25.04 [...]

Norwegian oil industry offshore services group Seadrill Limited announced it has decided to make a mandatory bid for the outstanding shares in Eastern Drilling ASA — responding to a fine imposed by the Oslo Bors — at a price of 135 nkr a share.
The company said that a draft offer document for the bid has [...]

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 [...]

Petrolia Drilling ASA has on February 1, 2007 entered into an agreement to purchase 25,000,000 shares in Petrojack ASA by way of a share capital increase of 163,204,747 new shares in Petrolia Drilling.
Petrolia Drilling has entered into an agreement to purchase 25,000,000 Petrojack shares from IOT Holding ASA for a total consideration of NOK 550,000,000(equal [...]