Tag Archives: Norwegian Continental Shelf

Equinor Boosts Norwegian Deliveries and Employment, Paving the Way for Ambitious 2035 Targets

(IN BRIEF) The 2024 report on Equinor’s deliveries in Norway shows significant growth, with procurement reaching NOK 142.6 billion—up from NOK 134 billion in 2023. An impressive 93% of these deliveries were sourced from Norwegian suppliers across 260 municipalities, creating … Read the full press release

DNV Launches Groundbreaking Digital Framework to Transform Energy Asset Management

(IN BRIEF) DNV has launched DNV-RP-0670, an asset information modelling framework designed to modernize asset information management in the energy sector. The framework establishes a common digital language that streamlines information flow among organizations and IT systems, replacing outdated document-driven … Read the full press release

Equinor, Okea and Pandion Confirm Promising Gas Discovery in Mistral Sør, Bolstering European Energy Security

(IN BRIEF) Equinor, in partnership with Okea and Pandion Energy, has confirmed a commercial gas and condensate discovery in the Mistral Sør exploration well located in the Halten area of the southern Norwegian Sea. Preliminary assessments estimate recoverable oil equivalent … Read the full press release

Equinor Reports Strong Q4 Results and Announces Up to USD 5 Billion Share Buy-Back for 2025

(IN BRIEF) Equinor reported strong financial results for Q4 2024, with adjusted operating income of USD 7.90 billion and net income of USD 2.00 billion. The company proposed a fourth-quarter dividend of USD 0.37 per share and announced a share … Read the full press release

Equinor Expands Offshore Fleet with New Leonardo AW189 Helicopters to Strengthen NCS Operations

(IN BRIEF) Equinor has awarded Tromsø-based Lufttransport RW AS the contract to operate five new Leonardo AW189 helicopters on the Norwegian Continental Shelf (NCS), enhancing its fleet for offshore transportation services. These helicopters, arriving in 2025 and 2026, will replace … Read the full press release

ORLEN Group Commences Low-Carbon Oil Production at Tyrving Field on Norwegian Continental Shelf

(IN BRIEF) ORLEN Group has started oil production at the Tyrving field on the Norwegian Continental Shelf, which has an estimated 25 million barrels of recoverable reserves. This new production site, added to ORLEN’s portfolio of 20 active fields in … Read the full press release

Equinor and Partners Commence Production at Lavrans Well in Kristin South Area

(IN BRIEF) Equinor, along with partners Petoro, Vår Energi, and TotalEnergies EP Norge, has commenced production from the first well at the Lavrans field in the Kristin South area, marking the first phase of the Kristin South project. Approved in … Read the full press release

PGNiG Upstream Norway Expands License Portfolio with Ten New Exploration Areas in Norwegian Continental Shelf

(IN BRIEF) PGNiG Upstream Norway AS (PUN), a subsidiary of the ORLEN Group, has secured ten new license areas for exploration on the Norwegian Continental Shelf through the Awards in Predefined Areas (APA) for 2023. PUN will act as the … Read the full press release

ORLEN Group’s PGNiG Upstream Norway Discovers Significant Increase in Øst Frigg Field Reserves

(IN BRIEF) PGNiG Upstream Norway, a subsidiary of the ORLEN Group, has announced a significant increase in the estimated oil reserves of the Øst Frigg Beta/Epsilon discovery. The field may contain twice as much oil as previously assumed, with recoverable … Read the full press release

Equinor aims at reducing net carbon intensity with 20% by 2030 and 40% by 2035

(PRESS RELEASE) STAVANGER, 15-Jun-2021 — /EuropaWire/ — Equinor ASA (OSE:EQNR, NYSE:EQNR), an oil, gas, wind and solar energy active in more than 30 markets globally, has announced its strategy to accelerate the company’s transition while growing cash flow and returns. … Read the full press release

Wintershall Dea announces significant gas, and oil discovery in the Dvalin North, Haltenbanken area of the Norwegian Sea

Combined resource estimate of 71-157 mmboe in primary and secondary target Field development options being evaluated (PRESS RELEASE) STAVANGER, 20-May-2021 — /EuropaWire/ — Europe’s leading independent gas and oil company, Wintershall Dea announces that it has made a significant gas, … Read the full press release

MOL Group expands exploration portfolio with 6 new licences in Hungary and 4 licences in Norway

BUDAPEST, 13-Feb-2017 — /EuropaWire/ — MOL Group expanded its exploration portfolio by acquiring new licenses in Hungary and Norway. MOL acquired 6 new licences in the 4th bid round in Hungary, doubling its exploration acreage in the country. MOL Norge participated … Read the full press release

Statoil awarded interests in 29 exploration licences on the Norwegian continental shelf

Stavanger, Norway, 17-Jan-2017 — /EuropaWire/ — In connection with the Award in Predefined Areas (APA) for 2016 Statoil has been awarded interests in 29 exploration licences on the Norwegian continental shelf (NCS), 16 of these as operator, and 13 as … Read the full press release

PGNiG UI further strengthens its position in hydrocarbon exploration on the Norwegian Continental Shelf

WARSAW, 21-Jan-2016 — /EuropaWire/ — In the APA 2015 licensing round, PGNiG Upstream International (PGNiG UI), a subsidiary of Polskie Górnictwo Naftowe i Gazownictwo SA, was awarded interests in four exploration and production licences, including one operatorship. Two of the licences … Read the full press release

Tellus Petroleum will not complete the purchase of Wintershall’s assets on the Norwegian continental shelf

Kassel/Stavanger, 28-12-2015 — /EuropaWire/ — Following a request from Tellus Petroleum, Wintershall has consented to release the company from its obligations under the Sales and Purchase Agreement announced on June 18, 2015. Wintershall, a 100% BASF subsidiary, had originally planned to divest … Read the full press release

PGNiG and LOTOS to work together in projects on the Norwegian Continental Shelf

Warsaw, Poland, 14-5-2014 — /EuropaWire/ — PGNiG Upstream International and LOTOS Exploration & Production Norge have signed a letter of intent for collaboration in projects on the Norwegian Continental Shelf. The companies are to work together in the review and pursuit of potential … Read the full press release

Eni awarded 4 exploration licenses in the Barents Sea, offshore Norway

This success in the Norwegian upstream confirms Eni’s commitment to a region with a high potential for exploration where Eni has recently announced the important oil discoveries of Skrugard (2011) and Havis (2012), now renamed as Johan Castberg. San Donato … Read the full press release