TechnipFMC PLC has received a contract to execute the Vår Energi ASA-led Ofelia and Gjøa Nord development projects on Norway’s side of the North Sea. TechnipFMC did not specify the value of the integrated engineering, procurement, construction and installation contract but said it was a “large” award, which the company defines as ranging from $500 […]
Partners in the Carmen discovery offshore Norway have confirmed the gas-condensate accumulation through an appraisal well that increased confidence in a resource estimated at 21 MMboe to 107 MMboe recoverable.
Norway, Western Europe’s top oil and gas producer, has intensified lobbying at the European Union to persuade the bloc to remove or tweak its moratorium on Arctic oil and gas drilling.
Norwegian offshore oil production significantly exceeded expectations in April, with total liquids output climbing to 2.158 million barrels per day — 6.7% above official forecasts — as Europe grows increasingly dependent on a stable North Sea energy supply in an increasingly fragile global market.
Norway’s state-owned energy giant Equinor has received clearance from the Norwegian authorities to conduct drilling activities on the Norwegian Continental Shelf (NCS) with a semi-submersible rig owned by Transocean, an offshore drilling contractor.
Norway has launched its APA 2026 licensing round, adding 70 new exploration blocks across the North Sea, Norwegian Sea and Barents Sea as it continues to expand access to acreage on the Norwegian Continental Shelf (NCS).
Norway’s crude oil export earnings surged 67.9% year-on-year in March to a record 57.4 billion kroner ($6.1 billion), primarily driven by soaring global energy prices following the outbreak of the Iran war and the subsequent closure of the Strait of Hormuz. Oil prices averaged 1,014 kroner ($107.52) per barrel in March, the highest monthly average since September 2023.
GoSubsea and Envirent have formed a strategic alliance to expand subsea equipment rental capabilities and streamline offshore project execution.
Norway’s upstream oil and gas regulator is courting companies to reevaluate the Gro natural gas discovery, drilled by Shell PLC and later relinquished by Equinor ASA, in the Norwegian Sea.
Halliburton has acquired Sekal AS from Sumitomo Corporation, strengthening its position in automated drilling and digital well construction technologies. Sekal, a Norway-based specialist in drilling automation, will be integrated into Halliburton’s existing digital and remote operations portfolio. The deal brings together Halliburton’s LOGIX automation systems with Sekal’s DrillTronics platform to deliver a more advanced, fully integrated drilling […]