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Norway Gas Markets, 2010

Published By :

GlobalData

Published Date : Apr 2010

Category :

Natural Gas

No. of Pages : 139 Pages


This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in Norway. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the natural gas assets (gas fields, pipelines, LNG terminals and underground gas storage facilities) in Norway. The report compares the investment environment in Norway with other countries in the region. The profiles of the major companies operating in the natural gas sector in Norway together with the latest news and deals are also included in the report.

Scope

  • Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for each industry sub-segment for the period 1996-2020.
  • Historical and forecast data and information for all the major gas fields, (Liquified Natural Gas) LNG Terminals, pipelines and underground gas storage facilities in Norway for the period 2000-2013.
  • Operator and equity details for major natural gas assets in Norway.
  • Key information relating to market regulations, key energy assets and the key companies operating in the Norways energy industry.
  • Information on the top companies in the Norway including business description, strategic analysis, and financial information.
  • Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
  • Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.
Reasons to buy

  • Gain a strong understanding of the countrys energy market. 
  • Facilitate market analysis and forecasting of future industry trends.
  • Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data. 
  • Assess your competitors major natural gas assets and their performance.
  • Analyze the latest news and financial deals in the gas sector of each country.
  • Develop strategies based on the latest operational, financial, and regulatory events. 
  • Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
  • Identify and analyze the strengths and weaknesses of the leading companies in the country.
Table Of Contents

1 Table of Contents 2
1.1 List of Tables 7
1.2 List of Figures 9

2 Norway Energy Sector 10
2.1 Norway Energy Sector, Market Overview 10
2.2 Norway Energy Sector, Natural Gas 11
2.2.1 Norway Natural Gas, Overview 11
2.2.2 Norway Natural Gas, Supply and Demand Balance 11
2.2.3 Norway Natural Gas, Regulatory Structure 17
2.2.4 Norway Natural Gas, Infrastructure 18

3 Norway Gas Upstream Investment Environment Benchmarking 19
3.1 Introduction 19
3.2 The Overall Ranking 19
3.3 Upstream Fiscal Attractiveness 20
3.3.1 Maximum Government Take 21
3.3.2 Maximum State Participation 21
3.4 Gas Sector Performance 22
3.4.1 Exploration Activity 24
3.4.2 Gas Production 25
3.4.3 Gas Reserves 25
3.4.4 Gas Consumption 25
3.5 Economic Performance 26
3.5.1 GDP Growth Index 28
3.5.2 FDI Confidence Index 28
3.5.3 Balance of Trade Index 28
3.6 Socio-Political Performance 28

4 Norway Exploration and Production Sector 31
4.1 Norway Exploration and Production Sector, Country Snapshot 31
4.1.1 Norway Exploration and Production Sector, Key Data 31
4.1.2 Norway Exploration and Production Sector, Assets Map 31
4.2 Norway Exploration and Production Sector, Marketed Natural Gas Production 32
4.2.1 Norway Exploration and Production Sector, Marketed Natural Gas-Historical Production 32
4.2.2 Norway Exploration and Production Sector, Marketed Natural Gas -Historical Production by Type 33
4.2.3 Norway Exploration and Production Sector, Marketed Natural Gas Production by Assets 34
4.2.4 Norway Exploration and Production Sector, Marketed Equity Weighted Natural Gas Production by Company 35
4.2.5 Norway Exploration and Production Sector, Market Share (%) based on Marketed Natural Gas Production 36
4.3 Norway Exploration and Production Sector, Marketed Natural Gas Forecasts 38
4.3.1 Norway Exploration and Production Sector, Marketed Natural Gas Forecasted Production 38
4.3.2 Norway Exploration and Production Sector, Gross Revenue Forecast 39
4.3.3 Norway Exploration and Production Sector, Government Take Forecast 40
4.3.4 Norway Exploration and Production Sector, Contractor Take Forecast 41
4.4 Norway Exploration And Production Sector, Natural Gas Asset Details 42
4.4.1 Norway Exploration And Production Sector, Active Natural Gas Asset Details 42
4.4.2 Norway Exploration And Production Sector, Planned Natural Gas Asset Details 45
4.5 Norway, Major Natural Gas Discoveries, 2004-2009 46
4.5.1 Norway, Natural Gas Discoveries by Year, 2004-2009 46
4.5.2 Norway, Natural Gas Discovery Details, 2004-2009 46
4.6 Norway Exploration and Production Sector, Recent Discoveries 48
4.6.1 Apr 07, 2010: Statoil Discovers Oil And Gas At Fossekall Prospect In Norwegian Sea 48
4.6.2 Mar 25, 2010: Det norske Announces Oil Discovery In North Sea 48
4.6.3 Mar 23, 2010: Faroe Petroleum Encounters Hydrocarbon Signs At Fogelberg Prospect In Norwegian Sea 49
4.6.4 Mar 11, 2010: BG Norge Announces Oil Discovery At 34/5-1 S Well In Blbaer Prospect, North Sea 49
4.7 Norway Exploration and Production Sector, Drilling and Production Updates 50
4.7.1 Apr 07, 2010: Talisman Energy Receives Consent To Conduct Exploration Drilling With Transocean Winner 50
4.7.2 Mar 31, 2010: Talisman Energy Completes 9/2-11 Well At Yme Field In North Sea 50
4.7.3 Mar 29, 2010: Wintershall Wins Drilling Permit For Wellbore 6406/3-8 In PL 475 BS, Norway 51
4.7.4 Mar 26, 2010: ExxonMobil Announces Dry Well Near Balder Field In North Sea 51
4.7.5 Mar 24, 2010: Statoil Wins Drilling Permit For Wellbore 6407/2-6 S In Production License 473, Norway 52

5 Norway FPSO Industry 53
5.1 Norway FPSO Industry, FPSO Capacity Details by Vessel 53
5.2 Norway FPSO Industry, FPSO Vessel Specifications 53

6 Norway Pipeline Sector 54
6.1 Norway Pipeline Sector, Key Data 54
6.2 Norway Pipeline Sector, An Overview 54
6.3 Norway Pipeline Sector, Natural Gas Pipeline Length- Wise Market Share by Company 54
6.4 Norway Pipeline Sector, Natural Gas Pipelines 56

7 Norway LNG Sector 58
7.1 Norway LNG Sector, Key Data 58
7.2 Norway LNG Sector, Liquefaction 58
7.2.1 Norway LNG Sector, Liquefaction, Total Liquefaction Capacity 58
7.2.2 Norway LNG Sector, Liquefaction, Capacity- Wise Market Share by Company 59
7.2.3 Norway LNG Sector, Liquefaction, Asset Wise Capacity 60
7.2.4 Contracted vs Non-Contracted LNG Liquefaction Capacity in Norway, 2000-2015 61

8 Profile of Exxon Mobil Corporation 62
8.1 Exxon Mobil Corporation, Key Information 62
8.2 Exxon Mobil Corporation, Company Overview 62
8.3 Exxon Mobil Corporation, Business Description 62
8.3.1 Business Overview 62
8.3.2 Chemical 63
8.3.3 Downstream 64
8.3.4 Upstream 65
8.4 Exxon Mobil Corporation, SWOT Analysis 67
8.4.1 Overview 67
8.4.2 Exxon Mobil Corporation Strengths 68
8.4.3 Exxon Mobil Corporation Weaknesses 69
8.4.4 Exxon Mobil Corporation Opportunities 70
8.4.5 Exxon Mobil Corporation Threats 71

9 Profile of ConocoPhillips 73
9.1 ConocoPhillips, Key Information 73
9.2 ConocoPhillips, Company Overview 73
9.3 ConocoPhillips, Business Description 73
9.3.1 Business Overview 73
9.3.2 Chemicals Segment 74
9.3.3 Emerging Businesses Segment 74
9.3.4 Exploration and Production Segment 76
9.3.5 LUKOIL Investment 77
9.3.6 Midstream Segment 77
9.3.7 Refining, Marketing and Transportation 78
9.4 ConocoPhillips, SWOT Analysis 79
9.4.1 Overview 79
9.4.2 ConocoPhillips Strengths 80
9.4.3 ConocoPhillips Weaknesses 81
9.4.4 ConocoPhillips Opportunities 81
9.4.5 ConocoPhillips Threats 82

10 Profile of Eni S.p.A. 84
10.1 Eni S.p.A., Key Information 84
10.2 Eni S.p.A., Company Overview 84
10.3 Eni S.p.A., Business Description 84
10.3.1 Business Overview 84
10.3.2 Engineering and Construction 85
10.3.3 Exploration & Production 86
10.3.4 Gas & Power 87
10.3.5 Others 89
10.3.6 Petrochemicals 90
10.3.7 Refining and Marketing 90
10.4 Eni S.p.A., SWOT Analysis 92
10.4.1 Overview 92
10.4.2 Eni S.p.A. Strengths 92
10.4.3 Eni S.p.A. Weaknesses 94
10.4.4 Eni S.p.A. Opportunities 94
10.4.5 Eni S.p.A. Threats 95

11 Financial Deals Landscape 97
11.1 Detailed Deal Summary 97
11.1.1 Merger 97
11.1.2 Acquisition 99
11.1.3 Equity Offerings 101
11.1.4 Debt Offerings 104
11.1.5 Asset Transactions 107

12 Recent Developments 120
12.1 License Rounds 120
12.1.1 Feb 19, 2010: Norway Kicks Off 2010 APA Round 120
12.1.2 Nov 05, 2009: Norway Initiates New Oil, Gas Round 120
12.2 License Awards 120
12.2.1 Feb 23, 2010: Statoil Submits North Sea Gudrun Field Plan To Authorities 120
12.2.2 Feb 05, 2010: PGNiG Norway Wins Operator Status On Norwegian Continental Shelf 121
12.2.3 Feb 01, 2010: E.ON Ruhrgas Wins Three New Licenses In Norway 121
12.2.4 Jan 29, 2010: Dana Petroleum Awarded Nine New Offshore Blocks In Norway 122
12.2.5 Jan 27, 2010: RWE Dea Wins Two Exploration Licenses In Norway 123
12.3 Strategy and Business Expansion 123
12.3.1 Feb 09, 2010: Teekay, Det norske Sign Joint Development Agreement 123
12.3.2 Dec 29, 2009: GDF SUEZ, Statoil Join Forces For Current Industrial Project In Norway 124
12.4 Other Significant Developments 125
12.4.1 Mar 26, 2010: DONG Energy Wins Approval To Build Installations At Trym Gas Field In Norway 125
12.4.2 Mar 19, 2010: Det norske Appoints Svein Ola Syrstad As Vice President Of Drilling And Well Operations 125
12.4.3 Mar 10, 2010: NPD Reports Petroleum Production On Norwegian Continental Shelf In January 2010 126
12.4.4 Mar 09, 2010: PSA Conducts Audit Of Centrica Energy's Second Line Emergency Preparedness 126
12.4.5 Mar 04, 2010: Norway Slashes Oil And Gas Investment Forecast For 2010 128
12.4.6 Mar 01, 2010: Statoil Appoints Jannik Lindbk As VP, Media Relations 129
12.4.7 Feb 24, 2010: Shell's Draugen Field In Norway Shut 130
12.4.8 Feb 24, 2010: NPD Reports Production Of 5.3 Billion scm Oil Equivalents For 2009 130
12.4.9 Feb 19, 2010: Norway Updates On PDO/PIO Guidelines 132
12.4.10 Feb 18, 2010: Statoil Announces Go-Ahead For Gudrun License 132
12.4.11 Feb 17, 2010: DNO International Provides Q4 2009 Operations Update 134

13 Appendix 135
13.1 Methodology 135
13.1.1 Coverage 136
13.1.2 Secondary Research 137
13.1.3 Primary Research 137
13.1.4 Midstream Forecasts 137
13.1.5 Expert Panel Validation 137
13.2 Contact Us 138
13.3 About GlobalData 138
13.4 Disclaimer 139

List of Table


Table 1: Norway, Historical and Forecasted Production and Consumption of Natural Gas, Billion Cubic Feet, 1996-2020 
Table 2: Norway, Historical and Forecasted Export of Natural Gas, Billion Cubic Feet, 1996-2020 
Table 3: Norway, Historical Reserves of Natural Gas, 1996-2009 
Table 4: Western Europe, Investment Benchmarking, Overall Country Rankings, March 2010 
Table 5: Western Europe, Investment Benchmarking, Upstream Fiscal Attractiveness, March 2010 
Table 6: Western Europe, Investment Benchmarking, Gas Sector Performance, March 2010 
Table 7: Western Europe, Investment Benchmarking, Economic Performance, March 2010 
Table 8: Western Europe, Country Standings, Economic Performance, March 2010 
Table 9: Western Europe, Investment Benchmarking, Socio-Political Performance, March 2010 
Table 10: Western Europe, Country Standings, Socio-Political Performance, March 2010 
Table 11: Norway, Natural Gas Key Statistics, 2009 
Table 12: Norway, Total Marketed Natural Gas Production (MMcf), 2002- 2009 
Table 13: Norway, Marketed Natural Gas Production (MMcf) by Type, 2002-2009 
Table 14: Norway, Marketed Natural Gas Production (MMcf), by Assets, 2002- 2009 
Table 15: Norway, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2002- 2009 
Table 16: Norway, Market Share (%) based on Marketed Natural Gas Production, 2002-2009 
Table 17: Norway, Marketed Natural Gas Production (MMcf), Forecast by Assets, 2009-2014 
Table 18: Norway, Forecasted Assets-wise Gross Revenue (000'$), 2009-2014 
Table 19: Norway, Projected Assets-wise Total Government Take (000'$), 2009-2014 
Table 20: Norway, Projected Assets-wise Total Contractor Take (000'$), 2009-2014 
Table 21: Norway, Active Gas Field Asset Details 
Table 22: Norway, Planned Gas Field Assets Details 
Table 23: Norway, Number of Gas Discoveries, 2004-2009 
Table 24: Norway, Natural Gas Discovery Details, 2004-2009 
Table 25: Norway, Natural Gas Discovery Details, 2004-2009 (Contd.1) 
Table 26: Norway FPSO Industry, FPSO Oil and Gas Production Capacities, 2009 
Table 27: Norway FPSO Industry, FPSO Vessel Specifications, 2009 
Table 28: Norway, Pipeline Key Statistics, 2009 
Table 29: Norway, Natural Gas Pipeline Length by Company (Km), 2009 
Table 30: Norway, Natural Gas Pipelines, 2009 
Table 31: Norway, Natural Gas Pipelines, 2009 (Contd.1) 
Table 32: Norway, LNG Key Statistics, 2009 
Table 33: Norway, Total Liquefaction Capacity (Million Tonnes), 2000- 2015 
Table 34: Norway, Liquefaction Capacity, Company-wise (Million Tonnes), 2000-2015 
Table 35: Norway, Liquefaction Capacity (Million Tonnes), 2000-2015 
Table 36: Contracted vs Non-Contracted Liquefaction Capacity in Norway (Million Tonnes), 2000-2015 
Table 37: Exxon Mobil Corporation, Key Facts 
Table 38: Exxon Mobil Corporation, SWOT Analysis 
Table 39: ConocoPhillips, Key Facts 
Table 40: ConocoPhillips, SWOT Analysis 
Table 41: Eni S.p.A., Key Facts 
Table 42: Eni S.p.A., SWOT Analysis 
Table 43: Det norske oljeselskap Merges With Aker Exploration 
Table 44: North Energy Enters Into Merger Agreement With 4sea energy 
Table 45: RAK Petroleum Acquires Additional 50 Million Shares Of DNO International 
Table 46: DNO International Sells Its Stake In Det Norske Oljeselskap To Aker 
Table 47: Questerre Energy Completes Private Placement Of $82.65 Million 
Table 48: North Energy Completes Initial Public Offering 
Table 49: Norse Energy Announces Additional Share Issue Of $10.15 Million 
Table 50: Norwegian Energy Company Completes Private Placement Of Bonds Due 2012 For $133.4 Million 
Table 51: Norwegian Energy Company Completes Private Placement Of Bonds Due 2014 For $222.3 Million 
Table 52: StatoilHydro Completes Public Offering 2.90% Notes For $900 Million 
Table 53: Det norske Acquires 10% Stake In PL 392 From Shell 
Table 54: PGNiG To Acquire 15% Stake In License PL558 In Norway 
Table 55: North Energy Acquires 15% Stake In PL 385 From Statoil 
Table 56: A.P. Moller - Maersk Acquires 70% Interest In Norwegian PL431 From Faroe Petroleum 
Table 57: Hess To Acquire Interests In Valhall Field And Satellite Hod Field 
Table 58: Spring Energy To Acquire 20% Interest In PL 377S From Idemitsu Petroleum 
Table 59: Lundin Petroleum Enters Into Farm-In Agreement With Talisman Energy Norge 
Table 60: Lundin Petroleum Enters Into Farm-Out Agreement With Talisman Energy Norge 
Table 61: Det norske Acquires 13% Interest In Production Licenses 027D And 169C 
Table 62: Faroe Petroleum Sells Its 10% Interest In Trym Gas Field To DONG E&P Norge 
Table 63: Faroe Petroleum Acquires 9.3% Interest In Glitne Oil Field And Enoch Field From DONG E&P Norge 
Table 64: Spring Energy To Acquire Oil And Gas Assets From Wintershall 
Table 65: Wintershall Norge To Acquire 5% Stake In PL 378 From Spring Energy Norway 

List of Chart

List Of Figures

Figure 1: Norway, Energy Sector break-up, 2009 10
Figure 2: Norway, Natural Gas Production And Consumption, Billion Cubic Feet, 1996-2020 13
Figure 3: Norway, Natural Gas Exports (Billion Cubic Feet), 1996-2020 15
Figure 4: Norway, Natural Gas Reserves (Billion Cubic Feet), 1996-2009 17
Figure 5: Western Europe, Country Standings, Upstream Fiscal Attractiveness, March 2010 21
Figure 6: Western Europe, Country Standings, Gas Sector Performance, by Reserves-Exploration & Production, March 2010 23
Figure 7: Western Europe, Country Standings, Gas Sector Performance, by Production & Consumption, March 2010 24
Figure 8: Western Europe, Country Standings, Exploration Blocks Awarded, March 2010 25
Figure 9: Western Europe, Country Standings, Economic Performance, March 2010 27
Figure 10: Western Europe, Country Standings, Socio-Political Performance, March 2010 30
Figure 11: Norway, Natural Gas Assets Map, 2009 31
Figure 12: Norway, Total Marketed Natural Gas Production (MMcf), 2002- 2009 32
Figure 13: Norway, Marketed Natural Gas Production (MMcf) by Type, 2002-2009 33
Figure 14: Norway, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2002-2009 36
Figure 15: Norway, Market Share (%) based on Marketed Natural Gas Production, 2009 37
Figure 16: Norway, Number of Natural Gas Discoveries by Year, 2004-2009 46
Figure 17: Norway, Comparison of Key Natural Gas Pipeline Companies (Km), 2009 55
Figure 18: Norway, Total Liquefaction Capacity (Million Tonnes), 2000- 2015 59
Figure 19: Norway, Liquefaction Capacity, Company-wise (Million Tonnes), 2000-2015 60
Figure 20: GlobalData Methodology 136

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