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Norway

Norway

Norway’s cash flow from direct oil and gas ownership hits record

Norway earned 528 billion kroner ($50 billion) from its direct ownership of oil and gas licenses last year, more than five times the amount earned in a normal year, as the country became Europe’s biggest supplier of natural gas after Russia’s invasion of Ukraine.

E&P

Norway well-slot: Spuds, duds and discoveries

As of 24 February, Westwood Global Energy reports that there are five exploration wells active, with four in the North Sea and one in the Barents Sea

Norway

Norway well slot – Strong performance from Obelix

As of 27 January, Westwood Global Energy reports that there is one appraisal well active, in the North Sea, and three exploration wells active, with one in the Barents Sea and two in the North Sea.