Shell and Partners to Increase Gas Production Capacity at Ormen Lange by 50 Billion Cubic Meters
To increase production volumes at the Norwegian gas field Ormen Lange, a consortium led by Shell has commissioned two new subsea compression stations. This step is aimed at accelerating the development of gas reserves supplied to European markets. According to Shell, the commissioning of the compressors will increase the gas …
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 …
Record $26.62 Billion Investment Planned for Norway’s Oil and Gas Industry
The volume of capital investment in Norway’s oil and gas sector could reach a historic high this year, according to a study published on Tuesday by the Norwegian Statistics Agency, as reported by Reuters. The country’s key economic sector is expected to invest 269.1 billion Norwegian kroner ($26.62 billion) in …
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 …
Oil and Gas Production on the Norwegian shelf Will Peak in 2025
Norwegian companies need to step up exploration and improve production efficiency in order to avoid a drop in oil and gas production after 2025, the Norwegian Offshore Directorate believes. Oil and gas production on the Norwegian continental shelf will reach a maximum in 2025, and then it is expected to …
Oil and Gas Companies’ Investments on the Norwegian Shelf to Reach a Record High in 2024
Oil and gas companies operating on the Norwegian shelf are planning to invest NOK 247 billion (US$24 billion) in their projects in 2024, according to data from Statistics Norway following a quarterly survey of the sector. This amount is 15% higher than the 2023 level of NOK 215 billion. The …
Norwegians Invest as Much as Possible in Oil and Gas
Norwegian investment in oil and gas in the country will reach a record high of NOK 246.9 billion ($23.6 billion) this year and will remain high in 2025 due to a number of new developments as well as cost inflation, Reuters writes. The previous record was recorded in 2014 at …
Equinor Finds Oil in the Svalin Field Offshore Norway
Norwegian international energy company Equinor has made a new oil discovery under Production License No. 169 in the Norwegian North Sea after drilling well 25/11-H-1 H in the Svalin field. The well, drilled by the Deepsea Aberdeen rig, encountered oil in thin layers of sandstone with very good reservoir quality …
Equinor and Petoro Exchanged Offshore Assets
Equinor and Petoro have entered into a value-neutral asset swap agreement in the Haltenbanken area. This was reported by the Equinor press service. Equinor will increase its participation in the Heidrun and Noatun fields and reduce its participation in the Tyrihans and Castberg, Carmen and Beta fields. Theses by K. …