The changing landscape of north-west Europe
A rebound in the region is happening above and below water
The activity level in north-west Europe has rebounded in the past year driven by the revitalised oil price. Equinor, the most important operator in the region, is currently developing a record amount of projects simultaneously. In Denmark, the French giant Total is undertaking the redevelopment of the central Tyra hub. In the UK several mega-projects are nearing completion along with a multitude of smaller projects. Overall, the region illustrates a wide spectrum of activity, development concepts, companies and strategies that can be deployed to maximise the economic value of the natural resources. The first notable difference between the current development boom versus the boom from 2010 to
Also in this section
2 May 2025
Fast-tracking US project approvals and increased trade pressures have already changed the LNG landscape since Trump came to office, with further transformation ahead
2 May 2025
Peru’s state-owned hydrocarbons agency has launched the search for new investors for Offshore Block Z-69, a high-potential asset in the prolific Talara Basin.
2 May 2025
The scars of the Russia crisis have accelerated Europe’s push to wean itself off gas dependence as the growing globalisation of LNG becomes a double-edged sword
1 May 2025
The NOC’s dire financial situation and maturing fields have left the authorities with little choice but to reduce crude expectations
