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.
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.
The directorate had a "long, proud history as a resource authority with solid knowledge about the subsurface on the Norwegian shelf”.
Torgeir Stordal has been officially appointed as Director General of the Norwegian Petroleum Directorate (NPD), and will now serve in the post for six years.
The Norwegian government said it had received six applications for permits for offshore CO2 storage, and offered new acreage as it seeks to build a “new commercial industry” around CCS.
Two companies have been offered exploration permits for CO2 storage acreage in the Norwegian sector of the North Sea.
Dozens of companies have applied for acreage in the latest oil and gas exploration round in Norway, though it is the lowest figure in recent years.
The Norwegian Petroleum Directorate (NPD) has mobilised a survey vessel to begin evaluating seabed areas set aside for the country’s first major offshore wind auction.
Wellesley Petroleum has concluded drilling at its wildcat well north of the Gjøa field in the Norwegian North Sea, finding it dry.
Ongoing demand and high commodity prices have seen annual state revenues in Norway from oil and gas rise to historic levels.
Norway’s oil and gas regulator has recovered “most of” a £1.5million sum stolen last year by fraudsters.
Last year saw a “record number” of oil and gas fields producing in Norway, according to new analysis.