Norway has offered ownership interests in 57 new oil and gas production licenses to 19 companies in its latest annual awards in pre-defined areas (APA) licensing round.Of the 57 licenses, 31 are located in the North Sea, 21 in the Norwegian Sea and five in the Barents Sea…
Norway's government said on Mondayit will present a policy document to parliament next year on the future of the oil and gas industry, including companies' access to exploration acreage.'The oil and gas industry is crucially important for Norway…
Norway's offshore oil and gas output will remain broadly steady in 2026, but investments are seen falling by 6.6%, signalling a slowdown in activity and declining production towards the end of this decade, the country's regulator said on Thursday…
Artificial intelligence (AI) contributed savings and value creation of about $130 million for Equinor and its partners in 2025, as the Norwegian firm expanded the use of AI across offshore platforms and onshore facilities.The company uses artificial…
T12 Engineering has secured a contract with an independent Norwegian oil and gas operator to design and manufacture a 60-tonne subsea modular structure.The engineering specialist, which operates from Teesside, Glasgow and Edinburgh, will project manage the engineering…
AF Offshore Decom (AFOD), a company within AF Gruppen, has signed a contract with Ithaca Energy for the engineering, receipt, dismantling, and recycling of a floating production platform from the U.K. sector of the North Sea.The facility has a total weight of approximately 23…
North Sea daily oil output in February will be slightly lower than January's plan, dropping by about 0.5%, according to Reuters calculations based on loading programmes provided by trade sources.Loadings of nine North Sea crude grades will average 1…
Norway's combined oil and gas production beat an official forecast by 0.9% in November, the Norwegian Offshore Directorate (NOD) said on Tuesday.Norway is Europe's largest supplier of natural gas and a major producer of oil, but output varies…
Aker BP has exercised the three-year extension option under the long-term contract with Archer for the provision of platform drilling operations and maintenance services in the North Sea.The long-term contract was originally awarded in November…
Offshore drilling contractor Odfjell Drilling has signed a contract with Equinor for its Deepsea Aberdeen semi-submersible drilling rig, following the letter of intent the companies agreed in November.Equinor will use Deepsea Aberdeen rig to…
Harbour Energy and its partner Petoro have proven gas condensate in the Camilla Nord prospect in the North Sea.The wildcat wells 35/8-8 S and A were drilled in production licenses 248 LS and 248 B, which are part of the Vega Unit in the North Sea…
Norwegian oil and gas producer DNO has secured new North Sea oil offtake agreements with subsidiaries of ExxonMobil and Shell from January 2026, unlocking up to $410 million in associated financing and strengthening its liquidity amid volatile energy markets…
Norwegian oil and gas firm Vår Energi has put the Balder Phase V project into production, while also completing of Åsgard Low Pressure Production Phase 3 (LPP3) scheme, bolstering its North Sea production.With the Åsgard LPP3 project start-up scheduled for December…
Safety technology firm Dräger UK has won a six-figure contract with a major North Sea operator for the supply of advanced gas detection and monitoring solutions.Due to be rolled out across an offshore oil and gas asset next year, the deal marks…
Britain’s Serica Energy has agreed to acquire a portfolio of Southern North Sea gas assets from Spirit Energy and affiliates for $74 million, expanding its U.K. upstream footprint and lifting reserves and production.The deal, signed through…