• 3 minutes Nucelar Deal Is Dead? Iran Distances Itself Further From ND, Alarming Russia And France
  • 5 minutes Don Jr. Tweets name Ukraine Whistleblower, Eric Ciaramella. Worked for CIA during Obama Administration, Hold over to Trump National Security Counsel under Gen McCallister, more . . . .
  • 9 minutes Shale pioneer Chesepeak will file bankruptcy soon. FINALLY ! The consolidation begins
  • 12 minutes China's Blueprint For Global Power
  • 7 hours EU has already lost the Trump vs. EU Trade War
  • 1 hour Pioneer's Sheffield in Doghouse. Oil upset his bragging about Shale hurt prices. Now on campaign to lower expectations, prop up price.
  • 32 mins Science: Only correct if it fits the popular narrative
  • 4 hours ''Err ... but Trump ...?'' *sniff
  • 59 mins China's Renewables Boom Hits the Wall
  • 19 mins What are the odds of 4 U.S. politicians all having children working for Ukraine Gas Companies?
  • 6 hours Tesla Launches Faster Third Generation Supercharger
  • 15 hours Who writes this stuff? "Crude Prices Swing Between Gains, Losses"
  • 7 hours Passerby doused with flammable liquid and set on fire by peaceful protesters
  • 5 hours Crazy Stories From Round The World
  • 1 day Haaretz article series _ Saudi Arabia: A Kingdom in Turmoil | Part 1 - Oil Empire

Breaking News:

Russia Plans To Boost Crude Oil Exports

Elections in Norway Decisive for Oil Drillers

Bottom Line: Norway’s September elections will likely end the battle over oil drilling off the Lofoten islands and pave the way most notably for Statoil ASA (STL) to drill for the estimated 3.4 billion barrels of oil equivalent in these waters.

Analysis: Right now, no one can drill off the protected Lofoten islands because junior partners in the governing Labor-led coalition have blocked all exploration here, while the Conservatives and Progress parties would green-light it if given the chance. We believe the issue will be decided definitively after September elections because the opposition Conservatives and Progress Party are poised to make bigger gains in the polls.

Recommendation: Follow this closely because the vote will be narrow. The most likely outcome is that the Conservatives and Progress Party will manage to form a minority government that will require support from the two other opposition parties. It would be enough power to get the coalition to fast-track an environmental impact study to get the exploration ball rolling. Polls right now show the four opposition parties in the lead, headed by Conservatives. Other opposition parties, though, like the Liberal Party and the Christian Democrats are against drilling off Lofoten. Polls show that the Conservatives have 28.4% of support, while the Progress Party has 14.4% of support. The Liberals and Christian Democrats have only 4.8% and 5.4%, respectively. The pressure is on to allow drilling here…




Oilprice - The No. 1 Source for Oil & Energy News