August 31, 2021
Norway, Western Europe’s biggest oil producer, has more than 50% of its recoverable resources still in the ground, according to the Norwegian Petroleum Directorate. The Barents Sea probably holds most of that, yet there’s only one oil field and one gas field currently producing.
June 15, 2021
Climate activists that failed in their attempt to stop oil and gas drilling in Norway’s Arctic are taking the case to the European Court of Human Rights.
May 21, 2021
Ministers gathering in the Icelandic capital Reykjavik for a meeting of the Arctic Council last week weren’t due to discuss security. But the issue dominated conversations on the sidelines after Russia’s Foreign Affairs Minister Sergei Lavrov declared ahead of the summit that the Arctic “is our land and our waters.”
February 26, 2021
The Nordic country’s oil and gas industry has been keen for new acreage to offset an expected decline in production toward the middle of the decade. The Barents is estimated to hold more than 60% of the undiscovered resources off Norway, according to the nation’s petroleum directorate.
In the Arctic Circle, oil and gas interests are often a study of polar opposites. To some it looks like riches; for others, potential ruin.
November 26, 2019
Equinor will reduce its focus on the frontier areas of the Barents Sea in another blow to Norway’s ambition to build a new oil province in its Arctic region.
Dancing on melting ice
June 17, 2019
Equinor Energy AS, operator of production license 859, has completed the drilling of wildcat well 7335/3-1.
April 07, 2019
Norway's Labor Party holds steadfast against oil exploration in Arctic's Lofoten islands
Companies in the news
Akofs Offshore has been awarded a contract for light well intervention services, using its 156-m vessel, Akofs Seafarer, for all Equinor-operated licenses, in the period 2020 to 2025.
Down the Hall
February 01, 2018
The West Hercules semisubmersible rig has been contracted for drilling two exploration wells in the Barents Sea in 2018, and options to drill another five exploration wells.
January 12, 2018
After a disappointing year for drillers, Norwegian authorities are reviewing their hopes for the Nordic country’s hottest exploration area.
January 10, 2018
Lundin Petroleum AB (Lundin Petroleum) announces that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has completed the drilling of the Hurri exploration well 7219/12-3S located in PL533 in the southern Barents Sea. The well was dry.
January 04, 2018
Norway beat back an unprecedented lawsuit by environmental groups that sought to curb oil drilling in the country’s Arctic waters.
A need for leadership
A new forged completion landing string gives operators and drilling contractors the flexibility to use the same tubular string for both drilling and completion operations, without compromising performance or safety.
It isn’t just about oil
Advances in technology are enabling the discovery of, and access to, offshore hydrocarbon reserves previously thought uneconomical. However, many viable-but-challenging projects are put on hold because of uncertainties about their feasibility, high start-up costs, and long lead times. To solve these problems, several holistic subsea processing systems have been created to enhance field economics.