Norwegian Oil And Gas Association News

 

Eni-Petronas JV Starts Indonesia-Bound FPSO Construction

Jul 24, 2026

Searah, the joint venture energy company formed by Italy's Eni and Malaysia's Petronas, has started developing a floating gas facility to process gas from its $11.8 billion North Hub project in Indonesia, the Indonesian government said.The company…

Equinor Finds Oil Near Johan Castberg Field in Barents Sea

Jul 23, 2026

Equinor and its partners have made an oil discovery near the Johan Castberg field in the Barents Sea.The discovery was made in the Skrugard North Tubåen prospect by drilling a wildcat well 7220/5-EC-2 H, located around 6 kilometers north of…

Chinese Supertankers Exiting Red Sea Amid Houthi Threats

Jul 23, 2026

Two Chinese supertankers carrying a combined 4 million barrels of Saudi Arabian oil are exiting the Red Sea via the Bab el-Mandeb strait on Thursday, shipping data showed, even as a Saudi vessel came under attack in the region.The ships' attempt…

Saipem, Subsea 7 Merger Could Rise Prices, Lower Market Competition

Jul 22, 2026

Italian energy contractor Saipem's merger with Norwegian peer Subsea 7 may lead to price hikes and less innovation, EU antitrust regulators warned on Wednesday as they opened a full-scale investigation.The deal announced in February last year…

Egypt Approves Oil, Gas Exploration

Jul 22, 2026

Egypt's parliament approved four oil and gas exploration and development agreements on Wednesday, including a North Sinai project involving Franco-British independent producer Perenco.Egypt is looking to bolster domestic energy production that…

TGS Advances Seismic Imaging Across Three Offshore Basins

Jul 22, 2026

TGS has launched three seismic data projects offshore Ghana, Norway and Canada, expanding its multi-client data portfolio as explorers seek to unlock frontier and underexplored offshore basins.The company signed an agreement with Ghana's Petroleum…

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