Oil giants fight for licenses off Norway

OSLO (AFP) - A total of 44 energy groups, including Norway's StatoilHydro, Anglo-Dutch company Shell and ExxonMobil of the United States are fighting for oil and gas production licenses on the Norwegian continental shelf.

Related news:
• New rich oil finds off Norwegian coast
• Two Norwegian oil firms to fight StatoilHydro
• Statoil opens world's first floating wind turbine
• Norway sends letter to the UK by gas pipeline

The companies had been invited to submit applications for predefined, mature areas where smaller discoveries are still possible and exploitable from existing installations.

The awarding of the licenses will be announced in late 2009 or early 2010, the petroleum and energy ministry said Wednesday.

Norway is the world's fifth-biggest exporter of oil and third-biggest natural gas exporter.

The new concession round marked the return of British oil group BP, which had not participated in recent years, and the absence of French company Total.

Among the other groups taking part were Germany's RWE Dea and EON Ruhrgas, France's GDF-Suez, Eni of Italy and Americans ConocoPhillips and Chevron.

• SIGN UP FOR FREE NEWSLETTER • ALL BREAKING NEWS ON TWITTER

Last Updated (Wednesday, 16 September 2009 13:03)

 
Most Read Searched  

OPINION


Edin Mujagic
Macro-economist and author
“Swedes to become much richer with the euro”


Dr. Moshe Kantor
President, European Jewish Congress
“The story derive from age-old anti-Semitism”


Urban Bäckström
Director General, Confederation of Swedish Enterprise
“Allow schools and care facilities to make profit”


Emil Didrikson and Therése Elofson
Momentum Stockholm
“How music festivals will manage the hard times”


Alf Rehn
Chair of Management, Åbo Akademi University
“Swedish leadership a doubtful export hit”

johannorberg_325
Johan Norberg
Pro-globalist and author
“Let the troubled banks fall”

ff_325
Camilla Littorin and Per Lidström
Association for small business
“Ownership transaction hampered by the crisis”

gudrunschyman_325
Gudrun Schyman
Feminist Initiative's candidate for the EU Parliament
“We will combat male dominated boardrooms”

mae-liz-orrego-rodriguez_325
Mae Liz Orrego Rodriguez,
Liberal party's candidate for the European Parliament
“Russian gas a security threat to Europe”

ella_kristdemokraterna_325
Ella Bohlin,
Christian Democrats’ candidate for the EU Parliament
“EU needs open Europe-wide healthcare choice”

dawit_isaak_325
Agneta Lindblom Hulthén,
President of the Swedish Union of Journalists
“Release Swedish journalist Dawit Isaak”

 

 

twitter_logo_header_325
Follow The Swedish Wire on Twitter
- get the latest update as they are published
http://twitter.com/swedishwire