Norwegian oil and gas giant Equinor has made a new oil discovery in Snøfonn Nord with the exploration well 7220/8-2 S, located by the Johan Castberg field development in the Barents Sea. This proximity to the current project development enables the tieback option, which will be considered by Equinor and …
Read More »Poland Says Norway should Share its Gigantic Oil & Gas Profits
Norway, western Europe’s largest oil and gas producer, should share the huge profits it has made from oil and gas exports since the Russian invasion of Ukraine, Poland’s prime minister Mateusz Morawiecki said this weekend. “They should share these excess profits. It’s not normal, it’s unjust. This is an indirect …
Read More »Norway Arrests Activists Chained to Russian Oil Tanker
The authorities in Norway have arrested 20 activists who used small boats to keep a Russian oil tanker from unloading off Copenhagen on Monday. The activists, joining a Greenpeace action, had chained themselves to the Hong Kong-registered Ust Luga oil tanker before being removed by police, Norway’s Aftenposten daily newspaper …
Read More »Germany Weighs Plan to Link Hydrogen Pipeline with Norway
Germany and Norway are weighing options to build a hydrogen pipeline to reduce their reliance on Russia for energy supplies in the wake of Moscow’s invasion of Ukraine, reported Bloomberg News. The move is said to in response to recent threat by Russia that it could consider closing the main …
Read More »Norwegian Government Approves Continued High Production of Gas
Three Norwegian gas fields have had their production licenses adjusted and will thus be able to maintain their high production levels in the future. “These decisions will not significantly increase the total daily export of gas from the Norwegian continental shelf, but facilitate that the current high level of delivery …
Read More »Norwegian Energy Giant Equinor Stops Trading Russian Oil
Equinor, Western Europe’s largest natural gas producer, said it is extracting oil and gas at full capacity in order to replenish the continent’s dwindling gas storage, while admitting that Europe’s dependency on Russia will be “difficult” and will require greater investment in both fossil fuels and renewables. As part of …
Read More »Equinor Makes Oil Discovery near Fram Field in Norwegian North Sea
Equinor and its partner Wellesley have discovered oil in the Troll and Fram area in the Norwegian North Sea, following the drilling of the exploration wells 35/10-7 S and 35/10-7 A. The discovery was made at the Toppand prospect, 8km west of the producing Fram field, in production licence 630 …
Read More »Equinor Finds more Oil in North Sea Troll Region
Equinor has discovered oil in the Toppand prospect in the Troll/Fram area of the Norwegian North Sea. The semisubmersible West Hercules drilled wells 35/10-7 S and 35/10-7 A 8 km (5 mi) west of the Fram field in 354 m (1,161 ft) water depth. Well 35/10-7 S encountered 75-m (246-ft) …
Read More »Equinor Wants the World’s Last Drop of Oil to Come from Norway
Equinor ASA will drill about 25 exploration wells off Norway’s coast next year in a bet that it will be among the last companies still producing oil and gas when the world has achieved net-zero emissions. All scenarios, including the International Energy Agency’s vision of a net-zero world, include the …
Read More »All-Time High for Norway’s Oil and Gas Production
Norway currently has 90 oil and gas-producing fields, but – within a few years – it could rise to more than 130. While the world is struggling to adapt to a changing climate, the Norwegian petroleum industry is booming. Diderik Lund, an economics professor at the University of Oslo, told …
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