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norway oil investments 2024
Europe

Norway’s Oil Output Beats Forecasts Again Despite Pullback from April Highs

Norwegian petroleum production eased in May after April’s exceptionally strong performance, but the country’s offshore sector continued to outperform expectations.…
Political turmoil offers UK chance to correct North Sea course
Europe

Political turmoil offers UK chance to correct North Sea course

ABERDEEN, Scotland, June 24 – The latest bout of political turmoil in Britain comes as energy security has moved front…
Deepsea-Yantai-Source-Odfjell-Drilling-1.webp
Europe

Wellesley Petroleum Confirms Gas Discovery Offshore Norway After Successful Appraisal Well in the North Sea

An appraisal well drilled by Norway’s oil & gas player Wellesley Petroleum and its partners offshore Norway has confirmed gas/condensate…
Equinor and partners approve TWIN subsea project at Troll field
Europe

Equinor and partners approve TWIN subsea project at Troll field

The TWIN project is expected to contribute nearly 11bscm of gas over its operational life. Equinor and its partners have…
north sea offshore oil and gas
Europe

BP Considers Selling UK North Sea Assets to Focus on Higher-Growth Regions

BP is weighing a sale or restructuring of its UK upstream portfolio as part of a broader plan to streamline…
Equinor Combines Multiple North Sea Discoveries Into Single Ringvei Vest Subsea Tie-Back Project
Europe

Equinor Combines Multiple North Sea Discoveries Into Single Ringvei Vest Subsea Tie-Back Project

Norway’s state-owned energy giant Equinor has unveiled a concept for a development that aims to combine several discoveries in the…
‘New chapter’: Polish energy giant Orlen buys stake in Norwegian oil field
Europe

‘New chapter’: Polish energy giant Orlen buys stake in Norwegian oil field

Polish energy giant Orlen has bought a 20% stake in a Norwegian oil and gas field as part of moves…
transocean-norge
Europe

Transocean secures $185 million in offshore drilling contracts

Transocean has secured approximately $185 million in new contract backlog through awards for two harsh-environment semisubmersible rigs operating in Norway…
Jotun-FPSO-Var-Energi-2
Europe

Vår Energi sanctions 86-MMboe Balder development in North Sea

Vår Energi has taken final investment decision (FID) on the Balder Next New Wells project in the North Sea, advancing…
DeepOcean awarded Foinaven contract
Europe

DeepOcean awarded Foinaven contract

18 June 2026 – Global ocean services provider DeepOcean has entered into an agreement to support bp in the decommissioning…

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