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 […]
Norway’s natural gas producers are operating near full capacity, according to the country’s energy minister, putting further pressure on European nations looking to fill depleted stockpiles of the fuel. “We are essentially producing at full capacity. I don’t think there is much additional output to be found,” Terje Aasland said in an interview at his […]
Equinor ASA said Monday it had made an oil discovery near the Snorre field, on Norway’s side of the North Sea, that could be rapidly developed as a tieback to existing infrastructure in the area. The Norwegian majority state-owned energy major put the preliminary estimate for Omega South Alpha, or well 34/4-19 S, at 25-89 […]
OKEA ASA and its partners have discovered more hydrocarbon deposits in the producing Brage field on Norway’s side of the North Sea.
Norway on Tuesday offered 57 new production licenses to 19 companies in the annual licensing round for acreage in the best-explored areas on the Norwegian continental shelf, as Western Europe’s biggest oil and gas producer looks to maintain the current high level of output for years to come.
A few years ago, Aker BP, a fast-growing Norwegian oil and gas firm that specialises in innovative exploration, decided to try. Using a combination of new drill technology and software, they explored the thin seam of oil – sometimes only 30ft or so thick – below the gas field.