Norwegian energy giant Equinor has seen a significant increase in its quarterly profit driven by bigger output and higher energy prices amid the energy security crisis.

Oil and gas company Wintershall Dea has found no hydrocarbons in the Brage South exploration well located in the North Sea off Norway.

While Norway recorded a slight increase in gas production in June 2022 compared to the figures from last month and the same period last year, the oil output took a downturn compared to figures from May 2022 and fell yet again behind the Norwegian Petroleum Directorate’s predictions.

Norway’s Ministry of Petroleum and Energy (MPE) has approved a plan for the development and operation (PDO) of the Aker BP-operated field in the North Sea, which will enable the firm to fast-track the development to achieve the first oil 18 months after the PDO submission.

The Norwegian government has decided to step in to avoid further loss of oil and gas production after offshore workers downed their tools and went on a strike due to a dispute over wage demands. This intervention comes at a time when the worldwide geopolitical crisis threatens the security of the global energy supply.

Norwegian state-owned giant Equinor has decided to exercise its option for additional wells to be drilled by an Odfjell Drilling-owned rig offshore Norway.

Norwegian oil and gas company Equinor has received consent from Norway’s offshore safety regulator to use one of Transocean’s semi-submersible rigs for production drilling and completion on a field located in the North Sea off Norway.

Norwegian state-owned energy giant Equinor has initiated a shutdown of production at three fields on the Norwegian continental shelf (NCS) and revealed plans to do the same with four more, as a direct result of the strike action that offshore workers have undertaken due to a dispute over wage demands.

Two oil and gas players – Neptune Energy and OMV Norge – have been granted drilling permits by Norwegian authorities for wildcat wells – located in the North Sea offshore Norway – which are scheduled to be drilled this month.

Norwegian oil and gas giant Equinor has secured a permit from the country’s authorities for the drilling of a wildcat well, located in the Norwegian Sea.