Solvberg Appointed NPD Director General
The Norwegian Petroleum Directorate (NPD) has announced the appointment of Ingrid Solvberg as Director for the Norwegian Sea and Barents Sea, replacing Bente Nyland.According to a note from NPD, Sølvberg was appointed by the King in Council on 11 October. The Ministry of Petroleum and Energy has not yet set the date for the transition.The director general position in the NPD is posted as a fixed term engagement of six years, with the option of an additional six-year period. Bente Nyland’s second term period will expire at the end of the year.She congratulates Ingrid Sølvberg on her new job saying: “This is one of the most exciting jobs in the petroleum activities. I’ve looked forward to going to work every single day.
Some 18-20 Oil, Gas Fields off Norway in Danger of Shutting Output Early
Some 18-20 oil and gas fields off Norway are in danger of shutting output earlier than planned due to low oil prices, but the impact on the overall output outlook would be limited, the head of the Norwegian oil directorate told Reuters on Tuesday. "There are about 18-20 fields that lie in the danger zone," Bente Nyland, the head of the agency tasked with managing the country's oil and gas resources, told Reuters. "Those ... fields, which include (Statoil's) Veslefrikk field, represent about one percent of total production," she said. "Put altogether, it is not a big crisis, but clearly every field delivers cash, so it is important to ensure that profitable resources are extracted," she said on the sidelines of an industry conference.
More Norway Oil Projects Being Delayed
Oil firms are purposefully delaying the development of oil and gas fields off Norway, the head of the agency tasked with managing the country's oil and gas resources told Reuters on Thursday. The Norwegian Petroleum Directorate was expecting some 13 development projects to be submitted by energy firms to Norwegian authorities this year and the next, but none have so far been submitted. "Our impression is that there is an increased number of oil projects that are being delayed," Bente Nyland, the head of the NPD, told Reuters on the margins of a news conference. "We see that they are being moved by a few weeks or by a quarter, or even longer ...
Offshore O&G: Cuts, Delays in Norway as Costs Soar
More oil and gas projects in Norway could be put on hold because of rising costs, adding to a growing list of developments that have been delayed or called off, Bente Nyland, the head of the Norwegian Petroleum Directorate said on Thursday. Most vulnerable will be small fields, projects to increase the recovery from producing assets, and new finds further than 40 km from existing infrastructure, Nyland told Reuters. Oil firms are cutting back on capital spending across the world as years of cost inflation has squeezed margins, cutting back their ability to pay dividends.
Norway's Oil Sector May Face More Project Cuts, Delays
More oil and gas projects in Norway could be put on hold because of rising costs, adding to a growing list of developments that have been delayed or called off, Bente Nyland, the head of the Norwegian Petroleum Directorate said on Thursday. Most vulnerable will be small fields, projects to increase the recovery from producing assets, and new finds further than 40 km from existing infrastructure, Nyland told Reuters. Oil firms are cutting back on capital spending across the world as years of cost inflation has squeezed margins, cutting back their ability to pay dividends.
