As of 25 March, Westwood Global Energy reports that there is one appraisal well and four exploration wells active. Three exploration wells are in the Northern North Sea and one in the Norwegian Sea. The appraisal well is in the Norwegian Sea. One exploration well programme has completed since the last report, with the Statfjord Kile well P&A dry. A total of four exploration wells have completed to date in 2022 and none have been successful.
The amount of gas the UK imports from Norway has outstripped domestic supplies for the first time, a key industry study has found.
Workers in Norway’s offshore fabrication and engineering sectors may strike this week, unless a new deal over wages and conditions can be reached.
Norway is to up its production of gas in an effort to help Europe wean itself off supplies from Russia.
Noble Corp. and Maersk Drilling have set out the executive team that will lead the new company, confirming Noble’s Robert Eifler as president and CEO.
Minnow Pandion Energy is to more than double its daily production after buying the Norwegian operations of ONE-Dyas.
Subsea 7 has been picked to carry out a front-end engineering and design (FEED) study for an oil and gas project offshore Norway.
Neptune Energy has announced it aims to store more carbon than it emits from its operations and the products it sells by 2030.
Brent oil prices average $60-80 per barrel until 2027, BofA Global Research has said in a new report, suggesting high prices are here to stay – at least in the medium term.
The Norwegian government has fleshed out plans for its 4.5GW offshore wind auction, confirming its intention to split one tranche into two 1.5GW phases.
Equinor has hailed “record adjusted earnings” in Q4 of 2021 as European energy prices reached unprecedented levels.
Vattenfall and Norwegian company Seagust have formed a joint venture to bid for offshore wind areas in Norway’s upcoming licensing rounds.
Engineering giant Aker Solutions has reported healthy profits in its 2021 results and sees potential for orders to reach “record high” levels in the coming year.
Six years ago, Equinor began a journey towards the creation of standardised docking infrastructure for subsea drones, a new class of vehicle with the potential to revolutionise robotic support in the oil & gas and maritime renewables sectors worldwide.
Saudi Aramco has bought a 7.4% stake in Norway’s Cognite, a software company.
Westwood Global Energy reports that there were three exploration wells active as of 24 January. One exploration well has spudded and completed in 2022.
The ScotWind licencing announcements on January 17th were certainly a welcome and hugely material vote of confidence in the future of the offshore energy sector in the UK.
Norway has dished out 53 licences in its latest round of awards for oil and gas exploration.
The world’s top market for subsea tie-backs will take an inflation-driven cost increase of £4.8billion on upcoming contract awards through to 2026.
The Norwegian joint venture of BP and Aker has been criticised over its plans to bring in Covid-19 vaccines requirements.
Oil exploration firm Aker BP (OSLO: AKRBP) has been given the go ahead to spud a pilot well in the Norwegian North Sea.
The Johan Castberg production vessel is to set sail for Norway next month after it left the dock in Singapore.
Footage has been released of the FPSO for the Shell Pierce field arriving in Norway for refurb to allow for a gas expansion project at the UK field.
The European Court of Human Rights is asking Norway to respond to charges by activists that allowing new oil and gas drilling in the Arctic during an environmental crisis may breach fundamental freedoms.
Despite “long-term headwinds”, it’s “full steam ahead” for Norwegian oil and gas operators next year, according to Wood Mackenzie.