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BEHIND THE NEWS
PETROLEUM CHANNEL (BTNP) - BACK ISSUES
2008
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P468 Monday, 29 December 2008
New Targets III
  • Lofoten/Vesterålen Could Contain 3.4 bn boe
  • High Estimate almost Double
  • Possible Investment NOK 200-250 bn
  • 30-60% of All Investment Post 2030
  • Average Time from Award to Production 20 Years
  • New Exploration Model for Barents North
P467 Wednesday, 24 December 2008
New Targets II
  • Larger and more Frequent Awards
  • All Open Acreage in APA Rounds
  • Tax System Kills Smaller Fields
  • Revival with Contingency Tax Plan?
  • Broader Tax Debate Should Be Prepared
  • Portfolio Concept for Multiple Field Development
P466 Tuesday, 23 December 2008
New Targets I
  • Creative Report from KonKraft Group #2
  • Proves Industry's Long Term Potential
  • Careful Re-Opening of Tax Debate
  • New Models for Pilot Cooperation
  • Better IO Supplier/Customer Relations
  • New Cluster Study Required
  • More Research on Second-Hand License Markets Needed
P465 Friday, 12 December 2008
Grass-Root Signals
  • OLF Presents Economic Barometer for Supply Industry
  • Confirms Large Share of Petroleum-Directed Firms
  • Demonstrates Industry's Stabilizing Impact on Economy
  • Confirms Capacity Constraints
  • Priority Issues Typical for Knowledge-Intensive Firms
  • Focus on Internal Improvement Rather than External Innovation Support
  • Highlights the Need for Cluster-Specific Policies for Innovation
  • Strong Support for Improved Access to Acreage
  • Indications that Diversity is Moving Up on Suppliers' Agenda
  • Surprising Concern for Petroleum Taxation
P464 Monday, 8 December 2008
Roll-Back Vs Growth
  • Conservatives, Progress Party Ambitious on Petroleum
  • Both Support Long-Term Perspectives
  • Promise to Work for More Diversity
  • Increased R&D Effort
  • Smaller Parties Have Roll-Back Strategies
  • Non-Socialists Flexible on Ownership
  • Still Waiting for Labour
P463 Monday, 1 December 2008
Positions Reconfirmed
  • Green Parties Confirm Opposition to Northern Acreage
  • Conservatives and Progress Party in Enthusiastic Support
  • Labour's Election Platform not yet Available
  • Clear Parliament Majority May not be Expressed
P462 Thursday, 27 November 2008
A Small Giant
  • Goliat is a Marginal Field
  • Concept Choice Appears Justified
  • Modest Spin-Offs, but Could be More than Meets the Eye
  • Spin-Off Expectations Still a Major Problem
  • More Must Be Done to Avoid Disappointment
  • Solution Cannot Be Left to Goliat Licensees Alone
P461 Monday, 24 November 2008
NORSOK Eroded
  • Goliat Development Delayed
  • Early Contract Signing Denied
  • Due to Combined Pressure from Greens and Locals
  • Erodes Important NORSOK Element
  • Issue Particularly Important for Suppliers
P460 Friday, 21 November 2008
APA Under Attack
  • MPE to Review APA System
  • Silent about its own Intentions
  • Greens still not Satisfied
  • Why Is this more Important than the Broad Parliament Report?
  • A Rematch that Should not Have Been Allowed
P459 Tuesday, 18 November 2008
Marcellus
  • StatoilHydro into US Shale Gas
  • Important Step into Technology Frontier
  • Alliance Includes Other Unconventional Gas Sources
  • Less Challenging than Oil Sands
  • Confirms Sensible Priorities
  • Huge Global Opportunities
  • Greens Demand Change to Renewables
P458 Tuesday, 11 November 2008
20th Round Applications
  • 46 Companies Apply in 20th Round
  • Up from 24 in 19th Round
  • ExxonMobil back, BP Still Missing
  • Most Also Applied in APA08
  • 50 Active Companies, not 70
  • Different Kinds of Companies with Different Requirements
  • Particular Attention to Majors and Independents Required
  • MPE Releases Blocks Applied for, Wooing Greens again
P457 Tuesday, 4 November 2008
Easy Way Out
  • Government Shelves Parliament Report on Energy
  • Was To Have Included Petroleum
  • End of "National Petroleum Strategy"
  • Opposition: Red-Greens in Deep Conflicts
  • Six Years without Broad Oil & Gas Debate
  • Breaks With 34 Years of Tradition
  • Politics Abdicates from Urgent Challenges
  • Next Parliament Must Open Green-Growth Dimension
P456 Tuesday, 4 November 2008
Discover Peru III
  • Discover's Alliance with Petroperu
  • The Awards
  • Agents Quarrelling over Missing Success Fee
  • Agents Sacked by Discover before Scandal Broke Loose
  • Licenses Probably Secured by Legitimate Petroperu Interest
  • Conspirators Left without Leverage
P455 Monday, 3 November 2008
Discover Peru II
  • Petromarker Contacted November 2007
  • Discover Involved in March 2008
  • The Audio Transcripts
  • Dominican's Attempt to Bribe PM
  • Tensions Between Main Peruvian Actors
P454 Monday, 3 November 2008
Discover Peru I
  • Peru Scandal Driven by Politics
  • Set up by Government's "Business Branch"
  • Provides Unique Insight in Influence Trading
  • Possible Extension to Latin-American Network
  • Opportunity for All to Learn how to Avoid Mistakes
  • Discover Maintains Innocence
  • Still Many Loose Ends as Investigation Proceeds
  • Agents with Multiple Agendas
  • Questions Raised about Role of Competitor
P453 Tuesday, 14 October 2008
Ethic Cleansing
  • Libya Reports Released
  • Many Extenuating Circumstances
  • Very Hard Call for Hydro Officials
  • Reiten Probably Consciously Protected
  • May Increase Risk for StatoilHydro
  • Internal Disunity Even Higher Risk
P452 Wednesday, 1 October 2008
Dragon Approaching
  • Icelandic Dreki Round on Schedule
  • Very Important for Norwegian Cluster
  • NPD, Companies: Oil Discoveries Certainly Probable
  • Jan Mayen Resources as Large as in the Norwegian Sea?
  • New Tax System Proposed
  • FPSO Solution Envisaged for Oil Development
  • Multiphase to Onshore LNG Facility for Gas
  • Offshore Gas-to-Liquids Future Possibility
  • Talks With Norway on Updated Participation Agreement
P451 Tuesday, 30 September 2008
Leadership at Risk
  • Leading Position of NCS Could Be Under Threat
  • Warnings from OLF's Supplier Chief
  • UK and Middle East Appear More Open for New Solutions
  • NPD Director General: Must Be Taken Seriously
  • Lack of Large New Fields a Major Explanation
  • StatoilHydro Strategy a Post-Merger Conundrum
  • High Oil Price Distorts Incentives
  • Political Pressure to Divert Funds
P450 Thursday, 25 September 2008
Most Global and Most Local
  • Competence Only Ties FPSO Cluster to Norway
  • Must Make Up for Fiscal Handicap
  • MMO Cluster Slowly Expanding Abroad
  • How Will it Be Affected by Changing StatoilHydro Strategy?
P449 Thursday, 28 August 2008
More Local Clusters
  • Verdal: Also a Steep Climb
  • Møre & Romsdal: A Complete Maritime Cluster
  • Finnmark: Foundation in Place
P448 Wednesday, 27 August 2008
Important Signals
  • Stoltenberg Outlines Priorities at ONS
  • Norway to Remain a Reliable Supplier
  • Increased Energy Supply to Support Growth
  • Main Climate Policy Global Carbon Price
  • Best Norwegian Contributions Gas Exports, Efficiency, CCS
  • Ignores Selective Promotion of Renewables
  • Bellona: Stop Exploration
  • Not Supported Even By Tabloids
P447 Monday, 25 August 2008
Successes from Adverse Beginnings
  • Most Rapid Growth in South Coast Cluster
  • Kongsberg: The Heritage from a State-run "University"
  • Well Technology: Getting Inside the Hegemons
P446 Monday, 25 August 2008
Internationalization
  • Kon-Kraft Internationalization Report Released
  • Foreign Sales more than Tripled to NOK 50 bn since 1995
  • Driven by Home Market Innovation
  • Supported by Cluster Mechanisms, Group Ownership
  • Sub-Contractors Follow, Not Proportionally
  • Vital to Maintain HQs, Knowledge Communities
  • International Market Expected to G
P445 Friday, 15 August 2008
Stalemate-Breaker
  • Det Norske Takes Tax Initiative
  • State Guarantee or Tax Refund to Cover Development
  • Revise Norm Price System
  • Group Guarantee for NCS Subsidiaries
  • OLF: Interesting
  • Could Break Tax Discussion Stalemate
P444 Tuesday, 5 August 2008
Using Petoro - for What?
  • Labour MP Suggests Petoro Should Sell SDFI Gas
  • "StatoilHydro Unconcerned about Domestic Use of Gas"
  • "Would Mitigate StatoilHydro's Dominance"
  • Not True, but Better Options Possible
P443 Monday, 4 August 2008
Exit Iran
  • StatoilHydro Not to Make New Investments in Iran Now
  • Lund Says Decision is Company's Own
  • "General Assessment" Including US Pressure
  • Follows US State Dept's July Decision to Open Investigation
  • StatoilHydro Targeted By US Neocons, Israel Lobby
  • Iran Could Blacklist StatoilHydro for Many Years
  • Objection to Merger Internationalization Argument Confirmed
P442 Monday, 28 July 2008
Unauthorized State Power
  • Minister Requested Lutelandet Negotiations
  • Leaves Most Responsibility with the Minister
  • Weak Government Scared of Losing Local Votes
  • StatoilHydro Wind Power Also Tied to Complaints
P441 Thursday, 24 July 2008
Luteland Legalities
  • Gjøa Partners to Share Lutelandet Payments
  • Wind Power Window-Dressing Optional
  • Disagreement Over Renegotiation Clause
  • Progress Party Playing both Ends
P440 Wednesday, 23 July 2008
Petro-Euro?
  • Noreng: Oil Should Be Priced in Euro
  • Dollar Recycling Means Huge Free Credits
  • May End Due to Risks and Costs to Non-US World
  • Further Depreciation Will Undermine Dollar
  • Are "Euro-Brent" or "Euro-Dubai" Markets Possible?
  • "Producer-Consumer Dialogue" Suddenly More than a Buzzword?
P439 Thursday, 17 July 2008
Auto-Blackmail
  • StatoilHydro Makes Deal on Lutelandet
  • Agrees to Invest in Wind Power, Infrastructure
  • Increased Activity for Local Supply Base
  • Locals Withdraw Demands about Gjøa Power Supply
  • State Blackmailing Itself
  • How Can Oil Companies Justify Unrelated Costs?
  • Surrender Opposite of Corporate Social Responsibility
P438 Monday, 30 June 2008
20th Round
  • 20th Round Finally Announced
  • 79 Blocks, Down from 301 Nominated, 104 Recommended
  • Large Areas Postponed After Objections from Greens, Fishermen
  • OLF Only Moderately Satisfied
  • War of Attrition Continues
  • New Minister's Footprint Uncertain
  • Tilted Openness Policy
P437 Monday, 30 June 2008
Enhanced CSR
  • Porter On "Strategic CSR"
  • Further Developed By McKinsey CEO
  • The Dangerous Political Feed-Back Loop
  • "Enhanced CSR" - Standards Truly from Own Convictions
P436 Monday, 30 June 2008
CSR
  • What Is Corporate Social Responsibility?
  • Enlightened Self-Interest, Tactics, Protection, or Idealism?
  • Does It Require Alignment to Social Paradigms?
  • Must Industry Choose Between Being Amoral and Submissive?
  • Can a Copy-Cat Be Moral and Responsible?
  • Or Does CSR Require Offering Fully Candid Opinions?
P435 Monday, 23 June 2008
Riis-Johansen
  • Industry Pleased with Minister Terje Riis-Johansen
  • Haga Not Missed, but Manner of Departure Deplorable
  • Final Solution Dictated by Centre Party Leadership Situation
  • State Secretary Stubholt Continues, Was Close to Top Jop
  • Riis-Johansen Expected to Put 20th Round on Track
P434 Wednesday, 18 June 2008
Even Playing Field
  • Even Playing Field Optimal Climate/Energy Strategy
  • Requires Uniform Carbon Pricing across All Sources and Sinks
  • Required to Avoid Counter-Productive Decisions
  • Will Activate Poorly Known Oil & Gas Advantages
  • Will Allow for Undisturbed Long-Term Planning, No "Sunset"
  • Includes Other Possible Climate Change Scenarios at No Cost
P433 Tuesday, 17 June 2008
Transition Period?
  • What Is Meant by "Transition Period"?
  • Does New Report Contribute to Shorter Oil & Gas Perspective?
  • Shortened Time Perspective Will Cause Damage
  • Recruitment, R&D, Framework Conditions
  • Northern Norway Expects and Needs Long Term Spin-Offs
P432 Monday, 9 June 2008
Energy Nation
  • Kon-Kraft Submits Report on "Energy Nation Norway"
  • Healthy Energy Cluster Climate Solution, Not Problem
  • Convincing Story within Context of Ruling Beliefs
  • But What if Some of Them Are Wrong?
  • And Is Alignment the Best Strategy?
P431 Friday, 6 June 2008
Motion - or Not?
  • Discussions with Iceland on Jan Mayen Ridge
  • Minister: Normal Cooperation about Straddling Fields
  • Considering How to Increase Knowledge about Region
  • Conservatives: Norway Seriously Trailing Iceland
  • Must Not Continue Dragging Its Feet
P430 Saturday, 31 May 2008
Slush Fund
  • Minister Plans to Divert Gjøa Power Source
  • Accepts Delay and Extra Costs
  • Gjøa Group: More than NOK 5 Bn in Extra Costs
  • Minister Refers to "Parliament Decision"
  • But Parliament Said Delays Not Acceptable
  • Equivalent to Using Petroleum Projects as Slush Funds
  • Will Oil Companies Accept Being Used that Way?
  • Interesting Test About Corporate Social Responsibility
P429 Thursday, 29 May 2008
Money to the North
  • Should We Copy US GoM Revenue Sharing?
  • Offshore Estate Taxes?
  • Or Is a Risk-Based Upside Sharing System Better?
  • Local Participation in Value Chain
  • Radical Improvement of Coastal Oil Spill Response Planning
P428 Wednesday, 28 May 2008
Power to the North
  • Barlindhaug Suggests New Planning Regime for Northern E&P
  • Should Integrate and Influence Risks and Opportunities
  • Local Policy Arena with Empowered Northern Interests
  • Oil Companies Should Adjust Contract Strategies
  • Decentralized Decision-Making Process Democratically Fair
  • Also Good Proxy for Price Tagging Non-Market Values
P427 Thursday, 15 May 2008
Green Roll-Back Strategy
  • Agencies: 20th Round under New Management Plan
  • Agency Director Openly Attacks MPE Minister
  • Demands for APA Removal or Amputation
  • MPE Withdraws Half of APA08 Extension
  • Minister Agrees to "Full Re-Evaluation"
  • Says She Is Under Cross Pressure
  • Deputy Says APA09 Will Be Delayed
  • Battle Over 20th Round in Progress
  • New Light Cast on 20th Round Postponement
P426 Thursday, 15 May 2008
Time for Hedging?
  • Progress Party MP Suggests Oil Price Hedging
  • MoF: Price Uncertainty No Problem
P425 Tuesday, 13 May 2008
Dreki
  • Iceland to Announce 1st Round 15 January 2009
  • Opening Dreki Region on Jan Mayen Ridge
  • Ridge Has Same Origin as East Greenland, North/Norwegian Seas
  • Norway Has Right to 25% Participation
  • Huge Structures Straddle Border to Norway
  • Larger Plays on Norwegian Side
  • Why Is Norway Waiting?
  • Jan Mayen Ridge Must Be Taken Out of new Management Plan
P424 Friday, 2 May 2008
Winner's Curse
  • Real Phenomenon, Not Bad Luck
  • Known by Oil Industry for Many Years
  • Reducing Bids the Rational Response
P423 Tuesday, 29 April 2008
Chukchi
  • Shell: Chukchi Could Be New GoM
  • Some 100 Prospects, 14 Covered by Leases
  • ConocoPhillips Plans Site Surveys
  • Shell, ConocoPhillips Took High Ground
  • StatoilHydro, Eni Together in Virginal Acreage
  • Alaska Expected to Demand Revenue Share, Secretary Positive
  • Oil Spill Contingency Challenges
P422 Thursday, 17 April 2008
Limits to Growth - for Renewables
  • Rampant Food Price Crisis
  • UN Official: Biofuels a Crime against Humanity
  • US Reaction to Send Emergency Relief
  • French Reaction to Increase Protectionism
  • Scottish Wind Power Destroys Peatland Carbon Storage
  • Land Use Problem Challenges Precautionary, Even "No Regrets" Principles
  • Social Fabric More Fragile than Nature's?
  • Tougher "Limits to Growth" for Renewables than for Fossils
P421 Tuesday, 8 April 2008
StatoilHydro Grows in GoM
  • StatoilHydro Wins 16 New GoM Leases
  • Hit by "Winner's Curse"?
  • #27 on GoM 2007 Production
  • #3 on all GoM Leases
  • #2 on Deep Water Leases
  • #7 on Deep Water Operatorships
  • Could Hold 3-3.5% of Remaining Known GoM Resources
P420 Tuesday, 1 April 2008
Brits Discover Hidden Innovation
  • UK Discovers Hidden Innovation in Petroleum Cluster
  • Fund Says Exploration is Good Proxy for Innovation
  • Why Make a Difference Between Knowledge and Innovation?
  • Much Hidden Innovation also in Construction
  • Metrics and Policies Should be Industry-Specific
P419 Saturday, 8 March 2008
Fossils Save Forests II
  • Plenty of Incoming Solar Energy, But Hard to Capture
  • Limit So Far Appears to Be 2% Only
  • Wind Power Scale-Up Would Take 16% of Forests
  • Solar Would Take 9% Except in Sahara
  • World's Largest Solar Farm Built on Pastures
  • Fossils cannot Be Replaced While Preserving Forests
  • Costs Absurd Anyway
  • Oil & Gas Industries Make the World Green
  • Bio Resources Should also Be Mobilized the Good Way
P418 Saturday, 8 March 2008
Fossils Save Forests I
  • Land Use Impact from Energy Forgotten Variable
  • Land Use a Function of Energy Source Concentration
  • Forest Cover Growth Turns Positive at Higher Industrialization
  • Important Reason is Use of Fossil Fuels
  • Confirmed by Interesting Chinese Anomaly
  • Replacing Fossil Fuels with Biofuels Could Require All Global Forests
  • Biofuel "Spearhead" Sweden Trails Oil Norway on Forest Growth
  • Swedish Example Indicates Biofuels from Wastes Also May Harm Forests
P417 Friday, 29 February 2008
Biofuels Torpedoed
  • New Studies Show Biofuels Will Boost CO2 Emissions
  • From Decades to Centuries before Net Gain
  • Effects on Land Use Earlier Grossly Underestimated
  • Worse if Future Opportunity Losses are Counted
  • Fossil Fuels Better than Almost All Biofuels
  • Improved Forest Management Superior Carbon Emission Mediator
  • Biofuels from Wastes Acceptable, but Lose to Remote Heating
  • Soaring Food Prices Makes Scrapping Biofuel Subsidies Urgent
P416 Thursday, 21 February, 2008
Nominations II
  • 164 Blocks Nominated in the Norwegian Sea
  • Only 31 in the 19th Round
  • Majority of Relinquished Blocks Nominated
  • Also Large Virginal Areas
  • Much Discussion around Møre I Blocks Expected
P415 Monday, 18 February, 2008
Governance Andersen Style
  • Opposition Reprimands Industry Minister
  • Reinås Sacking Risked State's Credibility as Owner
  • Governance Passive, Media Driven, and Excessively Arbitrary
  • Could Have Dealt with Stock Options from Merger Process Onwards
  • Minister Surprisingly Argues Strategic Disagreements
  • Never Communicated to Parliament
  • Never Mentioned for Reinås or Hydro Bodies
  • Disturbing Interpretation of Governance Principles
  • Relevant for Future StatoilHydro Governance
  • Point about Wasted Shareholder Value Still Ignored
P414 Friday, 15 February, 2008
Spin Disabled
  • Statfjord Spill: StatoilHydro Admits to Multiple Mistakes
  • Releases Unusually Open and Candid Report
  • Confirms Cause Was Chain of Minor Events
  • Most Could Have Been Avoided
  • But Is that in a Perfect World Only?
  • And How Can We Get Closer to Perfection?
P413 Monday, 4 February, 2008
Nominations I
  • 46 Companies Nominate 301 Blocks for 20th Round
  • Up from 66 in 19th Round
  • We May Still Have too Few Strong and Interested Frontier Actors
  • Also Single Nominations Included, Formerly at Least Two Companies
  • Barren Parts of Barents Sea Apparently Blossoming
  • Miracle or Illusion?
  • Anyway Many Promising New Barents Opportunities Indicated
P412 Tuesday, 29 January, 2008
Rennemo
  • Svein Rennemo New StatoilHydro Chair
  • Impressive Industrial Record
  • From Marxist-Leninist to Pragmatic
  • But How Much Pragmatism is Safe in StatoilHydro's Context?
P411 Friday, 11 January, 2008
Goliat
  • Eni: Goliat Landing Means Postponement
  • Technology Needs to Be Verified
  • Some Kind of Floater Most Likely
  • NPD Requires More Synergy Studies
  • Area Resource Management May Favour Surface Facility
  • Surface Facility May also Generate More Long-Term Spin-Offs
  • Eni to Consider New Policies for Local Spin-Offs
  • Opens Office in Hammerfest
  • Which Solution Has Lowest Environment Risk?
P410 Wednesday, 9 January, 2008
Another Dead Illusion
  • Agencies Kill Illusions on Electrification
  • Government's Approach Vindicated
  • Costs 700% Above Bellona Estimate
  • Bellona (Almost) Admits Defeat
  • Major Point on Non-Socialists Demand List Invalidated
P409 Tuesday, 1 January, 2008
Nyland
  • Bente Nyland New NPD Director General

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