Norwegian state-owned energy giant Equinor has received consent from Norway’s offshore safety regulator for exploration drilling in the Norwegian Sea, using one of Odfjell Drilling’s rigs.

Norwegian state-owned energy giant Equinor on Friday announced a long-term gas sales agreement with its Polish counterpart PGNiG, which will result in the strengthening of the energy security of the latter.

A case study, conducted by Ocean Harvesting Technologies and Lundin Energy Norway, has shown that wave power could provide significantly more stable power production than offshore wind for the electrification of oil and gas platforms.

Offshore accommodation rig provider Prosafe has secured a contract extension for one of its units with BP in the UK North Sea.

Oilfield services provider Archer has secured a long-term platform drilling contract in the UK with an undisclosed operator. This deal has an estimated value of $50 million over the firm contract period.

Norwegian oil and gas player Vår Energi has secured two types of permits from the country’s authorities for two exploration wells located in the Barents Sea off Norway. These wells will be drilled using a Transocean-owned rig.

UK-headquartered and AIM-listed oil and gas company i3 Energy has started drilling an appraisal well in the North Sea with a Stena Drilling-owned rig in a bid to find additional volumes of hydrocarbons beyond those encountered in the original discovery well.

As the current energy crisis sweeps across the world, the CEO of the Saudi oil and gas giant, Saudi Aramco, believes that ramping up oil and gas investments and devising a “more credible” energy transition roadmap is required to address climate priorities and energy security challenges in a bid to usher in a more secure and sustainable energy future.

The UK’s National Oceanography Centre (NOC) has kicked off research on end-of-life oil fields in the North Sea using the robot submarine Boaty McBoatface with the aim of helping monitor and protect the marine environment and support industry transition towards net-zero targets.

Even though Norway recorded a slight increase in gas production in August 2022 compared to the Norwegian Petroleum Directorate’s predictions, this is still lower than the figures from last month. On the other hand, the oil output fell behind the NPD’s predictions but is higher than the figures from July 2022.