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 …
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 …