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.
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.
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.
The Norwegian Ministry of Petroleum and Energy has received offers for production licences from 26 companies for further exploration activity on the Norwegian continental shelf (NCS) as part of the Award in Pre-Defined Areas 2022 (APA 2022).
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.
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