An offshore platform in the Troll gas field
Equinor promises more Norwegian gas
The supplier hails expanded Troll and Oseberg production permits. But the latter is already far exceeding its quota
Norway’s dominant gas producer, Equinor, said on Monday that it had secured permission to deliver an additional 1bn m³ from both the Troll and Oseberg fields on the Norwegian continental shelf (NCS) in the next gas year (GY), which starts on 1 October. But it is unclear how the higher official threshold for Oseberg production can be seen as definitively allowing more gas to flow this winter compared with last, given volumes reported by the Norwegian Petroleum Directorate (NPD) for GY20-21 so far. Nor does the additional 2bn m³ of permitted production necessarily translate into more gas flowing during the peak demand season, given constraints on the NCS export system. Thus, while the promise
Also in this section
10 December 2024
Sector at economic and strategic crossroads, but clear path ahead for midstream additions
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
The country's fifth and sixth oil and gas bid rounds have attracted a range of new players with gas as well as oil ambitions—and there’s a seismic shift in the contracting process
28 November 2024
Iraq is charting a new path for its indigenous resources and its youth, hoping to electrify the future with a mix of reforms and modernisation to fuel growth
