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Sverdrup keeps on giving
Equinor and its partners at Norway’s largest oilfield have pulled the trigger on a fresh $1.3b investment that will maintain high output for longer
Equinor hones its ‘high-grade’ global portfolio
The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria
Equinor streamlines its offshore strategy
Exploration is providing mixed fortunes for IOCs amid higher costs, prompting firms to look towards M&A and safer plays
Norwegian North Sea proving resilient
Low carbon intensity and sizeable projects such as Johan Castberg coming onstream in late 2024 suggest a robust outlook at least until 2030
North Sea production to see minor boost
Taxation strategies in UK and Norway to continue to play important role for a region in which significant volumes of medium sour have offset the loss of similar quality Russian barrels and balanced the influx of US light sweet grades
Longboat splits attention between Norway and Malaysia
CEO Helge Hammer speaks to Petroleum Economist about the company’s recent activities and its expansion plans
Wintershall eyes Algeria in post-Russia reboot
The German producer is focusing on the North African country as it looks to strengthen its gas portfolio following its exit from Russia, COO Dawn Summers says in an interview with Petroleum Economist
Core areas key for Norwegian APA awards
The winners of new NCS acreage stress synergies with existing portfolios
Norway’s end-2022 PDO race heats up
The number of projects benefitting from tax breaks is set to top 20
Norway ends gas year at four-year high
A September dip fails to dent highest output since 2018
Norway’s Stortinget building
Norway
Peter Ramsay
14 June 2022
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Withdrawn blocks overshadow Norwegian licensing round launch

Oil and gas lobby group expresses regret over omitted Barents Sea acreage

Oil watchdog the Norwegian Petroleum Directorate (NPD) has fired the starting pistol on the Awards in Predefined Areas (APA) 2022 licensing round. But while the NPD hailed a 28-block expansion compared with APA 2021 in the Arctic Barents Sea, attention was focused on three blocks not included in the round    “We are disappointed that blocks will be withdrawn at the next APA,” says lobby group Norwegian Oil & Gas. “We are in the middle of an energy crisis where Europe must get rid of all Russian gas. At the same time, the EU asks Norway to supply as much gas as possible. Then it is an unfortunate signal to withdraw exploration areas on the Norwegian [continental] shelf [NCS].” “The blocks

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