Norway’s oil and gas companies to step up exploration this year
Norwegian oil and gas companies will drill more exploration wells this year as the country seeks to maintain its position as a key supplier to Europe.
Norway
Norway’s parliament approves deep sea mining in Arctic
Norway’s parliament approved commercial mineral exploration in the country’s Arctic waters even as the environmental and fishing lobbies pushed back against the move.
Global offshore rig market could reach 96% utilisation in 2024
Westwood expects offshore rig dayrates to continue their upward trajectory across the board in 2024 as supply tightens.
Australia’s Finder Energy estimates 206 million boe at North Sea Boaz prospect
Australian oil and gas explorer Finder Energy (ASX:FDR) has outlined details of its Boaz gas prospect in the Central North Sea.
Odfjell Drilling wins £250m two year contract extension with Aker BP for Deepsea Nordkapp
The two-year contract extension will keep the semi-submersible rig with Aker BP until the end of 2026
Equinor takes over Shell stake in Linnorm, Norway’s largest undeveloped gas discovery
Equinor has agreed to acquire Shell's stake in Linnorm, the largest undeveloped gas discovery within the Norwegian continental shelf (NCS).
Chunk of Norway’s offshore gas finds risk going untapped
A swath of Norway’s offshore gas discoveries risk remaining untapped due to challenges ranging from complex reservoirs to costs of production.
Norway’s new gas field highlights tensions as climate talks open
As policymakers in Dubai search for consensus on tackling climate change, the scale of the challenge is evident in the stormy waters of the North Sea, where Norway is opening another gas field.
Climate activists sue Norway over plans to build out oil fields
Climate activists have once again turned to the Norwegian courts, this time suing the government over development plans at a handful of oil and gas fields under the sea off its coast.
Norway should take lead on climate financing, former UK PM says
Norwegian climate negotiators should push other countries attending climate talks in Dubai to follow its lead in adopting guarantees to drive investment into renewable energy projects in developing countries, according to former British prime minister Gordon Brown.
Can oil ever be green? Norway turns to wind-powered drilling
Norway is betting that zeroing out emissions from oil production will help it meet internationally agreed climate targets while future-proofing an industry that’s made it one of the richest countries in the world.
KCA Deutag wins rig electrification work with Equinor
KCA Deutag has been awarded a contract to carry out a major project to electrify Equinor’s (OSE:EQNR) Askepott jack-up rig in Norway.
KUFPEC exits Norway in $450m sale
Kuwait’s overseas oil producing arm has agreed a deal to sell its Norwegian assets to Polish energy group Orlen.
Equinor extends Deepsea Aberdeen contract with Odfjell Drilling
Odfjell Drilling has announced that Equinor has exercised options for seven wells to extend the use of the Deepsea Aberdeen on the Breidablikk field.
Oil firms among hopefuls in Norwegian wind auction
Seven consortia have submitted applications as part of Norway’s first offshore wind leasing auction, with strong interest from North Sea oil and gas majors.
Byford Dolphin diving incident casts long shadow 40 years on
On 5 November 1983 an explosive decompression incident during a diving operation on the Byford Dolphin rig claimed the lives of five people.
Equinor books $300m impairment on US offshore wind plans
Equinor reported a profitable Q3 despite lower gas prices, but pointed to a major impairment expected on its US wind portfolio.
Aker BP taps KEG ahead of schedule
Aker BP has announced the start-up of production at the Kobra East & Gekko (KEG) project in the central North Sea, several months ahead of its initial target.
Profits and production up at Vår Energi as new projects come online
Vår Energi reported a rise in production and profits during the third quarter, touting further growth in the coming months as new projects are brought online ahead of schedule.
Solstad refinancing deal sees Aker take control of new company
Solstad Offshore has struck a refinancing deal with Aker that will see the creation of a new company controlled by the Norwegian industrial investor.
Ocean Installer awarded Eirin gas field subsea tie-back contract
Norwegian firm Ocean Installer will complete a subsea tie-back of Eirin gas field after securing a contract from Equinor.
Neptune Energy starts drilling at key Norway appraisal well
Neptune Energy has announced the start of drilling at its Ofelia appraisal well in the Norwegian North Sea.
Well Slot: Who’s drilling in the UK North Sea and Norway?
August update: K2, Leverett and Earn underway, and Norway takes off.
Longboat confirms non-commercial find at Velocette
Longboat Energy announced that the Velocette exploration well has failed to find commercial resources, but tipped “significant” follow-on opportunities.
Equinor announces £300m plan to develop Norway’s Eirin gas field
Equinor has submitted a £300 million plan to the Norwegian government to develop the Eirin gas field.