Equinor Energy AS, along with its partners Vår Energi ASA, OMV (Norge) AS, and Repsol Norge AS, has announced a significant oil and gas discovery in the Gudrun field located in the North Sea. This discovery was made in wildcat wells 15/3-13 S and 15/3-13 A, marking a key milestone for exploration in production licence […]
Despite the growing momentum toward renewable energy and the global push for decarbonization, interest in oil and gas exploration on the Norwegian Continental Shelf remains robust. The Norwegian Petroleum Directorate reported a steady influx of applications from oil and gas companies looking to secure new exploration licenses, underscoring the region’s continued appeal for fossil fuel […]
Aize, a leading provider of digital solutions for the oil and gas industry, has announced a major expansion of its strategic collaboration with Aker BP (OSE: AKERBP). This expansion includes a new Software-as-a-Service (SaaS) agreement designed to optimize operations across all relevant facilities and projects. Aker BP’s Digital Transformation Journey Aker BP, one of Europe’s […]
Vår Energi, alongside its partners, has made a notable oil discovery in the Cerisa exploration well within production license PL 636 in the Norwegian Continental Shelf, marking a significant step forward in the region’s oil exploration endeavors. The Cerisa well, operated by Vår Energi and its partners, yielded an estimated gross recoverable resource of between […]
In a significant development for climate action, the Norwegian Ministry of Energy has officially announced the opening of three areas in the North Sea for companies to apply for exploration licenses related to CO2 storage on the Norwegian continental shelf. This initiative is part of Norway’s effort to establish a new ocean industry focused on […]
The Norwegian government is proactively fostering socio-economically viable storage of carbon dioxide (CO2) on the Norwegian continental shelf, enabling industries with substantial emissions to opt for permanent storage rather than atmospheric release. This initiative represents a critical step in achieving substantial emission reductions across Europe and supports the objectives of the Paris Agreement. Vast Potential […]
Odfjell Technology (OTL) has recently been awarded a significant contract by Equinor Energy AS for platform drilling services on the Norwegian Continental Shelf. This contract, which signifies a strategic expansion for OTL, encompasses services on several key platforms including a new award for Grane and Visund, and an option exercised for Johan Sverdrup, while the […]
In a significant development for the oil and gas industry, Equinor, on behalf of its partners, has announced the extension of contracts with Archer AS, KCA Deutag Drilling Norway AS, and Odfjell Operations AS. This extension, worth an estimated NOK 18.4 billion, spans four years and is set to provide jobs for approximately 2,000 people […]
In a major development in the North Sea’s Norwegian sector, Neptune Energy and its partners have announced a new gas discovery at the Kyrre prospect and confirmed significant volumes for the Ofelia appraisal well, both located in the PL 929 license, near the Gjøa field. Neptune Energy has successfully completed the Ofelia appraisal well, 35/6-4 […]
PGNiG Upstream Norway, part of the ORLEN Group, has announced a major advancement in its emerging business line focused on industrial CO2 emissions management. The company has acquired a 50% interest in the CO2 exploration licence Polaris in the Barents Sea, partnering with Horisont Energi AS. This transaction is pivotal in advancing the Group’s capabilities […]