Oil Executive on Energy Prices: - Not Good for Anyone
Kristin Kragseth, CEO of Petoro, expresses grave concerns about the energy market's stability due to the ongoing war in the Middle East, despite record profits from Norway's oil and gas sector.
243 billion kroner to the state from Petoro in 2025
Petoro reported a cash flow of 243 billion kroner from the gas and oil sector in 2025, marking a significant increase attributed to higher gas prices and tariff revenues.
Petoro with net income of 243 billion kroner in 2025
Petoro reported a net cash flow of 243 billion kroner in 2025, primarily due to higher gas prices and tariff revenues.
Oil giants against the Storting's Melkøya move
Partners Vår Energi, Petoro, and Harbour Energy warn the Storting against releasing power reserved for the Melkøya project, expressing concerns about changing rules mid-process.