Tag Archives: Norway

Norway Doubles down on Oil and Gas

After hitting record highs this year, Norway’s oil and gas investment is expected to grow even higher in 2025. Greater development activity on new projects and the cost of inflation have contributed heavily to the increase in Norway’s oil and gas investment in 2024. Norway’s oil and gas investment is …

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Norway’s Oil Giant Sverdrup Set to Peak in 2025

Norway’s largest oilfield, Johan Sverdrup, is expected to come off its production peak by early 2025, according to operator Equinor. The field, a cornerstone of Norway’s oil output since it started production in 2019, hit a record daily production of over 756,000 barrels in September. This represents about 6-7% of …

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Europe’s Gas Supply Tightens as Norway Begins Field Maintenance

Europe is facing a tighter gas market as Norwegian field operators enter scheduled maintenance season. Any unplanned extension of the maintenance period would cause an imbalance on gas markets on the continent and leas to price rises, Bloomberg reported. “Europe is already struggling,” Florence Schmit, a European energy strategist at …

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Equinor Shuts down North Sea Platform

Norway’s Equinor has shut down its Gullfaks C platform in the North Sea following a well control problem that also prompted the evacuation of some workers, Reuters has reported, citing a company spokesman. The spokesman added that production from the field was stable. Even so, the Norwegian gas system operator …

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