Norway | Egypt Oil & Gas - Part 6
Edison Sells Norway Upstream Assets for $300 MM
Italy’s Edison sold its exploration and production (E&P) assets in Norway to Sval Energi, Norwegian oil and gas group, for $300 million to focus on clean energy. Edison stated that the agreement’s cost inclu...
Norway Approves Final Investment Decision for Northern Lights Project
Norway announced its approval of the final investment decision for the Northern Lights project which will enable shipping, reception and sequestration of CO2 in geological strata in the Northern North Sea, approximate...
Equinor to Increase Production at Sverdrup to 500,000 bbl/d
Equinor is set to increase Johan Sverdrup field’s capacity to reach around 500,000 barrels of oil per day (bbl/d), a 30,000 bbl/d increase from its current capacity, according to a press release. Jez Averty, sen...
ConocoPhillips Announces New Gas Discovery in Norway
US supermajor, ConocoPhillips, has announced a new significant gas condensate discovery in Norway, according to a press release. After an initial survey, the gas discovery well is predicted to hold between 50 and 190 ...
Equinor Aims For Net-Zero Emissions by 2050
Equinor has announced its ambition to become a net-zero energy company by 2050, according to a press release. Anders Opedal, CEO of Equinor, said in a statement: “Equinor is committed to being a leader in the energy t...
Norway Reaches Agreement to End Labour Strike
Norwegian oil firms have come to an agreement to sort out the wage dispute that has wreaked havoc through the Norwegian oil market for the past ten days, according to Reuters. The strike was threatening to cut the cou...
Norway Gas Exports to Europe Rise Despite Oil Strikes
Norwegian gas supplies rose to Europe in the midst of a workers’ strike that has seen oil production decrease by 8%, according to Reuters. According to gas analysts at Refinitiv, “the flexible fields have been ramped ... Norway Strikes Threaten to Curtail Norway’s Output by 8%
Norwegian oil workers are continuing to expand their strike up until this date, which could lead to the shutting of oil and gas production at six offshore fields, according to Reuters. This escalation could reduce Nor...
