Aker Solutions has signed a six-year contract extension with ConocoPhillips Skandinavia for brownfield maintenance and modification (M&M) services on the Eldfisk and Ekofisk fields offshore Norway.The new contract period starts in January 2027, and the agreement includes an option to extend the contract for up to two additional three-year periods.Together, the Eldfisk and Ekofisk installations represent…
A Norwegian appeals court ruled in favour of environmentalists and against the government on Friday by confirming a lower court's decision that the energy ministry's approval of the development of three offshore oil and gas fields was invalid…
A new generation of hybrid vessels is demonstrating significant gains in both fuel economy and operational output. For Olympic Subsea’s owner and CEO Stig Remøy, it proves that technology-led efficiency is the fastest path to decarbonization—and a powerful business case…
In Norway, made rich by oil and gas, the idea of shutting fields sends chills, but that is exactly what the small Green Party is pushing as a global switch away from fossil fuels looms.And it's a demand with greater meaning after Monday's election…
Aker BP has completed the Omega Alfa exploration campaign in the Norwegian North Sea, resulting in a significant oil discovery that adds substantial new resources to the Yggdrasil area.The recoverable volume is estimated at 96–134 million barrels of oil equivalent (mmboe)…
Norway's combined oil and gas production exceeded an official forecast by 3.9% in July, the Norwegian Offshore Directorate (NOD) said on Wednesday.Norway is Europe's largest supplier of natural gas and a major producer of oil, but output varies…
Norway's Hammerfest LNG terminal shut its production of liquefied natural gas during the weekend due an overheating electrical transformer, a spokesperson for operator Equinor EQNR.OL said on Monday.The facility, also known as Melkoeya LNG, accounts for roughly 5% of all Norwegian gas exports…
Norwegian oil and gas investments are expected to peak this year, and start declining next year as major projects are completed, a statistics office survey of industry players showed on Thursday.Norway produces about 2% of global oil, and became…
Norway's energy regulator has identified four more areas as most suited for future offshore wind development, it said on Monday, with the government now consulting on the findings before making a decision on which to move forward.Norway plans…
Equinor has extended a partial outage at Norway's Troll natural gas field until May 31 due to a compressor failure, the company said in a regulatory filing on Monday, pushing European gas prices higher.Norway in 2022 overtook Russia as Europe's…
A new report has found that deliveries within exploration, development projects and operation of Equinor-operated fields and onshore facilities in Norway continued to grow in 2024.Equinor procured goods and services with a total value of $13…
Norwegian Ministry of Energy has opened applications for exploration licenses related to CO2 storage in one designated area in the North Sea.Announcement and possible allocation of area for a storage permit will take place after individual application…
The Norwegian Ministry of Energy has offered 53 new production licenses on the Norwegian continental shelf.Awards in Predefined Areas (APA) is an annual exploration round for the Norwegian continental shelf. Of the 53 production licenses offered in APA 2024…
The value of Norway's sovereign wealth fund, the world's largest, rose to a record 20 trillion crowns ($1.8 trillion) on Friday, doubling its value in just five years as oil and gas revenue flowed in and stock markets rose.Built since 1996 as rainy-day savings…
According to the Norwegian Offshore Directorate's projected scenarios leading up to 2050, the difference between high and low production of oil and gas can amount to nearly an entire government pension fund.Norway still has extensive oil and gas resources on the Norwegian continental shelf (NCS)…
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