A total of 24 companies have been offered oil and gas licences in Norway from the APA 2023 round.
Norwegian oil and gas company Vår Energi has approved a concept for gas export from the Goliat field in the Barents Sea.
Meanwhile Var Energi, a partner on Johan Castberg, has also seen costs surge on its Balder X project.
Norway’s biggest oil and gas companies are reviving exploration plans in Arctic waters, as the government agitates for fresh discoveries in the Barents Sea to secure the country’s future as a key energy supplier to Europe.
As of 19 December, Westwood Global Energy reports that there are three exploration wells active, with one in the Barents Sea, one in the Norwegian Sea, and one in the North Sea. One exploration well is suspended.
Var Energi (OSLO: VAR) is celebrating Christmas early as it announces the “largest discovery” in the Barents Sea this year.
Dozens of companies have applied for acreage in the latest oil and gas exploration round in Norway, though it is the lowest figure in recent years.
As the European Union and the UK both scramble to replace Russian fossil fuel supplies, gas in particular, Norway has signalled its intention to step up as the partner of choice.
It’s not often an entire train of thought is triggered by a report on an unusual event in the world of ornithology.
Equinor has announced an oil discovery in Norway of 37 – 50 million recoverable barrels.
As of 26 April, Westwood Global Energy reports that there is one appraisal well and four exploration wells active.
With oil consistently above the $100/barrel threshold, demand for rigs is set to continue its ramp up, with the North and Barents Seas marked as hotspots, according to data from rig analysts Esgian.
Westwood Global Energy reports that there were three exploration wells active as of 24 January. One exploration well has spudded and completed in 2022.
Norway has dished out 53 licences in its latest round of awards for oil and gas exploration.
A North Sea oil field is celebrating production of more than three billion barrels since starting up 50 years ago.
Westwood Global Energy reports that there were two exploration wells active as of 29 November. A total of six appraisal wells and 27 exploration wells have completed to date in 2021, from which ten commercial discoveries have been made giving a 37% commercial success rate to date.
Aker Solutions has landed the front-end engineering and design (FEED) work for the Equinor Wisting FPSO in the Barents Sea.
Longboat Energy has hailed the start of drilling on its first ever exploration well.
Westwood Global Energy reports that there were five E&A wells active as of 31 August, comprising two exploration wells and three appraisal wells.
Westwood Global Energy reports that there was one exploration well programme active as of May 27, plus one development programme with an exploration sidetrack planned. One exploration well programme was completed and one exploration well programme spudded in May.
Four exploration wells and one appraisal well were active in Norway at the end of September. Three wells were completed and one well spudded in September.
Equinor has made an oil discovery with the Sputnik exploration well in the Barents Sea.
Westwood Global Energy reports that there were six active exploration wells and one active appraisal well at the end of July. Since the last report, five exploration wells have spudded and six E&A wells have completed on the Norwegian Continental Shelf.
Westwood Global Energy reports that there were five active exploration wells and two active appraisal wells as of June 25. Since the last report, six wells have spudded and four have completed.
Studies continue to identify northern Norway and the Arctic as a growth area for the Norwegian oil and gas industry.