Norway | Egypt Oil & Gas - Part 6

Norway’s June Production Figures 4.1% Lower than Expected

Norwegian Petroleum Directorate (NPD) has announced that Norway failed to reach the original production figures for June by 4.1%.

 OKEA Buys Equinor’s Stake in North Sea Licenses

Norwegian oil and gas company, OKEA ASA, has signed a Sales and Purchase Agreement (SPA) with Equinor Energy for the acquisition of Equinor’s 40% operated working interest in PL195 and PL 195B in the North Sea loc ...

Norway Resumes Investment in Brazil’s Petrobras 

Norway re-permits the country’s largest pension fund, KLP, to invest in Brazil’s state-run Petrobras once more.

Equinor Provides Engineering, Installation Services in North Sea

Equinor has awarded APPLY a framework agreement for engineering and installation services on the North Sea Statfjord field.

Neptune Makes New Hydrocarbon Discovery at North Sea

Neptune Energy has announced a new discovery of hydrocarbons at the Dugong well (PL 882) in the Norwegian sector of the North Sea.

Norway to Offer 125 New Arctic Exploration Permits 

Norway, Europe’s largest oil-producing nation, intends to profoundly increase Arctic oil exploration by offering up 125 new oil exploration permits in the Arctic Barents Sea.

Equinor Awards 2 Contracts to TechnipFMC Worth $190 MM 

Norwegian state-run oil company, Equinor, has awarded two contracts to TechnipFMC for pipelaying and subsea installation for three projects on the Norwegian continental shelf (NCS), totalling $189.3 million.

Neptune Energy Starts Drilling Dugong Well

Neptune Energy company announced that it started drilling the Dugong exploration well in the Norwegian sector of the North Sea.

Norway Not to Extend Oil Output Cut in July

Europe’s largest oil producing nation, Norway, has no plans to further extend the record OPEC+ production cuts in July due to economic reasons.

Norway’s Oil Production Increases by 4.5% in April 

Norway’s crude oil production rose by 4.5% month-on-month from March to 1.78 million barrels per day (bpd), beating official forecasts by 1.8%.

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