Equinor Drilled a Dry Well in the North Sea
Equinor and its partners drilled a dry well in the Skoll and Hati subsoil blocks east of the Visund field in the North Sea off the coast of Norway.This was reported by the Norwegian Offshore Directorate (NOD). Exploration well 34/8-A-37 H was drilled under licence PL120, located 140 kilometres west …
TotalEnergies Created the Largest Independent Hydrocarbon Producer in the United Kingdom
The French company TotalEnergies has completed the merger of its upstream business in the United Kingdom with NEO NEXT and created the combined group NEO NEXT+.This was reported by the company’s press service. The combination of upstream assets of TotalEnergies and NEO NEXT Energy Ltd in the North Sea is …
Equinor Began Drilling Operations Under the Raia Project Offshore Brazil
Equinor has started drilling operations under the Raia project on the continental shelf of Brazil.This was reported by the company’s press service. As part of the drilling campaign, 6 wells are planned to be drilled approximately 200 km off the coast of Brazil at a depth of about 2,900 m. …
Equinor Discovered Oil Deposits in the Barents Sea
The Norwegian company Equinor has discovered new oil deposits in the Polynya Tubåen subsoil area in the Barents Sea. This was reported by the company’s press service. The new discovery was made during the drilling of exploration well 7220/7-5, located 16 km southwest of well 7220/8-1 at the Johan Castberg …
Norwegian Oil Industry Workers to Go on Strike Starting June 21
Norwegian oil and gas industry trade unions announced on Monday that workers on offshore drilling rigs will begin a strike on June 21, if no agreement is reached with employers regarding next year’s wages. About 438 members of three unions — Styrke, SAFE, and DSO — may take part in …
Chevron and Exxon Plan to Enter Gas Production Projects in Algeria This Year
Algeria’s State Company Sonatrach Plans to Sign an Agreement on the Development of a Large Hydrocarbon Deposit with Chevron, Said the Country’s Minister of Energy Mohamed Arkab The country also expects to sign contracts with ExxonMobil by the end of the year for the development of very important fields that …
New Oil Asset in the Arctic
Norway has officially brought one of its most important Arctic energy projects into production. On March 31, 2025, the Johan Castberg oil field in the Barents Sea began operations, marking a major milestone in the country’s strategy to develop Arctic resources and solidify its position as a key energy supplier …
Norwegians Believe in Strong Demand for Oil and Gas Until 2035
Norwegian Equinor will invest up to $7 billion per year in exploration and production on the Norwegian shelf until 2035. Norway‘s Equinor plans to invest up to $6.7 billion annually in oil and gas offshore Norway by 2035, anticipating continued high demand for fossil fuels. Equinor said it could produce …
Equinor and ExxonMobil Transfer Shares in a Marine Block in Suriname, Media Reported
Norwegian oil and gas group Equinor is leaving Suriname and, together with ExxonMobil, is transferring shares in the deepwater exploration block to the American energy company Hess, Reuters reports. “Equinor and ExxonMobil announced on Wednesday that they had transferred their shares in a deepwater oil and gas exploration block off …
Libya Has Limited Production at Its Largest Oil Field Due to Instability
In Libya, oil production was partially stopped at the country‘s largest Sharara field on August 4 due to unauthorized entry. The maximum capacity of Sharara is 320 thousand barrels per day. According to S&P Global Commodity Insights, production losses now range from 28-70 thousand b/s. Sharara is a joint project …