TGS has been awarded four 4D streamer contract acquisition projects, three in the North Sea and one in the Barents Sea, the company announced.
Equinor has been awarded stakes in 27 production licences on the Norwegian continental shelf, the company said on Tuesday.Equinor has been awarded stakes in 27 production licences on the Norwegian continental shelf, the company said on Tuesday.
Norway’s Energy Ministry on Tuesday awarded 53 hydrocarbon production leases on the country’s continental shelf under last year’s licensing round.
DNO ASA announced that its wholly-owned subsidiary DNO Norge AS has been awarded participation in 13 exploration licenses, of which four are operatorships, under Norway’s Awards in Predefined Areas (APA) 2024 licensing round.
Norway’s natural gas output set a new record in 2024 with 124 billion standard cubic meters sold, compared to the previous record of 122.8 billion standard cubic meters sold in 2022, the Nordic country’s upstream regulator has reported.
ASCO has been awarded a five-year contract until 2030 for base and logistics services for Aker BP in Tananger, Sandnessjøen, and Farsund in Norway. The agreement also includes continued services in warehouse management, load carriers, waste services, and personnel leasing for logistics and helicopter coordination.
The increase in new exploration projects reflects the growth in demand for natural gas from Norway, following the Russian invasion of Ukraine and subsequent sanctions on Russian oil. Norway is Western Europe’s largest oil and gas producer, with an output of more than 4 million bpd, and the government aims to continue increasing production for several decades.
DNO ASA announced Monday an oil and gas discovery in an area of the Norwegian North Sea that it said has attracted little exploration interest, putting the size between 27 million barrels of oil equivalent (MMboe) and 57 MMboe.
DNO had two exploration targets: a deeper prospect (Falstaff), where no reservoir was encountered and a shallower prospect (Othello), where a 16-metre net oil-bearing reservoir was encountered. Preliminary estimates indicate that gross recoverable resources could lie in the 27 million-57 million boe range.
Norway produced 241.3 million cubic meters (8.5 billion cubic feet) per day of natural gas in September, 30.9 percent lower than the prior month but 19.9 percent higher than the same period last year, official data has shown.