Tagged Norway

Norway: 10 exploration wells put on hold as low oil prices and coronavirus bite

Rate this article By Nermina Kulovic Exploration activity offshore Norway has been reduced and the Norwegian Petroleum Directorate has revealed that 10 wildcat wells previously planned for this year will be delayed due to the coronavirus crisis and the sharp decline in oil price. According to the Norwegian Petroleum Directorate’s report on Wednesday, exploration activity…

Hoegh LNG suspends dividends and cuts costs

Rate this article By LNG World News Norway’s Hoegh LNG will stop paying dividends to investors as part of a move in reducing costs due to the uncertain environment caused by the coronavirus pandemic. Hoegh’s board has decided to suspend dividends, bonus scheme for executive management and onshore personnel until further notice, the floating LNG…

Hoegh applies for Cyprus LNG import licence

Rate this article By LNG World News Norway’s Hoegh LNG said Wednesday that its unit has applied for a liquefied natural gas infrastructure ownership, operations and development license in Cyprus. Cyprus is pushing forward to diversify its energy mix to reach new emission targets for the country’s power production. The country plans to replace the…

Höegh LNG takes COVID-19 mitigation measures

Rate this article By LNG World News Norway-based floating LNG giant Höegh LNG reached for mitigating measures to cope with the effects of COVID-19 outbreak and continue operations. Read Full Article Here For more great articles: LNG World News

Equinor granted permit for North Sea well

Rate this article By Offshore Energy Today.. The Norwegian Petroleum Directorate has granted Equinor a drilling permit for a wildcat well located in the North Sea offshore Norway. … Read Full Article Here For more great articles: Offshore Energy Today