Norwegian gas system operator Gassco and Canadian energy firm Enbridge are working on reviving a 350 megawatt (MW) offshore wind project to boost power supply security at Norway’s Nyhamna gas Continue Reading
Norway’s Equinor said on Monday that it had found additional volumes of oil in the Johan Castberg license in the Arctic Barents Sea, and will consider tying-in the new discovery Continue Reading
Norway’s crude oil production has not only been sliding this year compared to last year—as expected—but it has also consistently underperformed the production forecasts of the Norwegian Petroleum Directorate (NPD). Continue Reading
U.S. oil firm Chevron will become the first oil major to formally exit the Norwegian continental shelf (NCS) as it transfers its last stake in an exploration license, according to Continue Reading
The rise in oil prices brought about the recovery of Norway’s oil industry, with companies lining up plans to invest in boosting oil production on the Norwegian Continental Shelf (NCS)—surely Continue Reading
Norway has received bids from 38 companies applying for new exploration acreage in the latest licensing round for mature areas on the Norwegian Continental Shelf, Norway’s Ministry of Petroleum said Continue Reading
After expressing concern about the long-term future offshore Norway, energy major Equinor said Wednesday that Brazil’s energy sector was now a core area. Equinor has more than 90,000 barrels of Continue Reading
After years of restraint since crude prices slumped in 2014, oil services companies are now at loggerheads with producers as they battle for what they see as a fair share Continue Reading
Companies invested in the oil and gas sector offshore Norway said Tuesday that the time to invest is now as the region faces a period of field maturation. “The Norwegian Continue Reading
Equinor has raised the resource estimate for its giant oil field Johan Sverdrup in the North Sea and said it was able to drive development costs for the project further Continue Reading
