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India

Nerijus Adomaitis

Oil demand to peak in three years, says energy adviser DNV GL

11 Sep 2019

OSLO Global oil demand will peak in three years, plateau until around 2030 and then decline sharply, energy adviser DNV GL said in one of the most aggressive forecasts yet for peak oil.

Equinor plans early Sverdrup start-up, $5 billion share buyback

05 Sep 2019

OSLO Equinor on Thursday launched a $5 billion share buyback and said its Johan Sverdrup oilfield, the largest North Sea discovery in more than three decades, will come on stream in October, a month earlier than planned, lifting its shares.

UPDATE 4-Equinor plans early Sverdrup start-up, $5 bln share buyback

05 Sep 2019

* Shares up 7%, best performer of European STOXX index (Adds analyst comment, updates share)

Norway says 33 oil firms seek exploration blocks in mature areas

04 Sep 2019

OSLO Thirty-three oil companies submitted bids for exploration blocks offshore Norway in a so-called predefined areas (APA) licensing round, the Ministry of Oil and Energy said on Wednesday.

UPDATE 1-Norway says 33 oil firms seek exploration blocks in mature areas

04 Sep 2019

OSLO, Sept 4 Thirty-three oil companies submitted bids for exploration blocks offshore Norway in a so-called predefined areas (APA) licensing round, the Ministry of Oil and Energy said on Wednesday.

U.S. says Iranian oil tanker headed towards Syria

31 Aug 2019

OSLO/ISTANBUL Turkey said on Friday that an Iranian oil tanker at the centre of a confrontation between Washington and Tehran was headed to Lebanon's waters, but the United States later said the ship was sailing to Syria.

Borr Drilling eyes strong earnings growth as market improves

29 Aug 2019

OSLO Oslo and New York-listed Borr Drilling , partly owned by Schlumberger , said on Thursday it expected strong core earnings growth in coming months with demand for its rigs set to rise.

Borr Drilling eyes strong earnings growth as market improves

29 Aug 2019

OSLO, Aug 29 Oslo and New York-listed Borr Drilling, partly owned by Schlumberger, said on Thursday it expected strong core earnings growth in coming months with demand for its rigs set to rise.

Oil firm DNO looking at Exxon Mobil's Norwegian assets

31 Jul 2019

OSLO Oil firm DNO is casting an eye over Exxon Mobil's Norwegian assets as it looks for more deals after buying London-based peer Faroe earlier this year, its executive chairman said on Wednesday.

Equinor reduces 2019 capex spending view after second quarter lags

25 Jul 2019

OSLO European oil major Equinor said on Thursday it expects less capital expenditure this year, partly due to further cost savings at its Johan Sverdrup oilfield, after reporting quarterly earnings slightly below forecasts.

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