Norway Will “Scrape the Bottom of the Barrel” in the North Sea
The first project since the COVID-19 era is being implemented on the Norwegian shelf of the North Sea. A new oil and natural gas field in the North Sea called Bestla will begin to be developed in the first half of 2027. The caveat is that the Bestla project, which …
Norway’s Gas Production Falls to 4-Year Low
In September 2023, Norway significantly reduced the production of liquid hydrocarbons (LPH) and gas. This is evidenced by preliminary data from the Norwegian Petroleum Directorate (NPD), published on October 23, 2023. Decrease in liquid hydrocarbon production In September 2023, liquid hydrocarbon production in Norway amounted to 1.802 million barrels per …
Norway in September Reduced Gas Production to a Four-Year Minimum
Natural gas production in Norway in September amounted to 5.99 billion cubic meters, according to preliminary data from the Norwegian Petroleum Directorate (NPD). This is the minimum volume for four years. The indicator fell by 34% year-on-year and by 38% month-on-month. NPD forecast production at 9.5 billion cubic meters. Norway …
Equinor Presented a Development Plan for the Raia Manta and Raia Pintada Fields Offshore Brazil
The Norwegian state-owned energy company Equinor Energy AS has submitted a commercialization declaration and development plans for two fields within the BM-C-33 block to the Brazilian National Petroleum Agency (ANP). The company’s press service reports this. Raia Manta and Raia Pintada deposits names of deposits and plans for their development …
Norway Cut Gas Production by 10% in August, Worse Than Forecast
Norway in August reduced natural gas production by 9.8% year on year, to 311.3 million cubic meters per day from 345 million cubic meters per day a year earlier, according to preliminary data from the Norwegian Petroleum Directorate (NPD). The figure turned out to be worse than the NPD forecast, …
Equinox Has Presented a Plan for the Development of the Eirin Gas Field in the Amount of NOK 4 Billion
Norway’s largest oil and gas company Equinor today announced that it has submitted to the Norwegian Ministry of Petroleum and Energy a plan for the development and operation of the Eirin gas field in the North Sea, worth NOK 4 billion ($374 million). The Eirin field, discovered in 1978 and …
Norway and England Increase Hydrocarbon Production in the North Sea
Both countries are increasing capital investment in hydrocarbon production on the North Sea shelf, and also continue issuing licenses in this region. The oil and gas industries of Norway and the UK, which were experiencing a decline in investment some time ago, have now experienced financial problems and are increasing …
Equinor Starts Production Ahead of Schedule at Statfjord Ost
Norwegian energy company Equinor has started production at its Statfjord Ost field in the North Sea six months ahead of schedule after drilling new wells, expecting a cumulative production increase of 26 million barrels of oil equivalent, according to a company press release. “Two new wells have been drilled … …
Equinor is Exploring the Possibility of Selling Assets in Azerbaijan for $1 Billion
The Norwegian company Equinor ASA is studying the possibility of selling its activities in Azerbaijan, including a stake in the largest oil project Azeri-Chirag-Guneshli, Bloomberg reports citing informed sources. “Norwegian energy company is working with Jefferies Financial Group Inc. to assess buyer interest in assets, including a 7.27% stake in …
Norway Increased Production of Liquid Hydrocarbons in July Worse than Expected
Norway in July 2023 increased the production of oil, condensate and NGL by 9% year-on-year, to 2.037 million barrels per day (b / d), according to preliminary data from the Norwegian Petroleum Directorate (NPD). The indicator turned out to be worse than the NPD forecast, which expected production at the …