Tag: Norway
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Oil and gas production in Norway increases thanks to 7 discoveries during 2023
Oil and gas production in Norway has increased significantly since the beginning of this year (2023); This enhances the country’s role as a safe and stable supplier of energy to Europe, in light of the old continent’s endeavor to secure supplies away from Russia. After Russia’s invasion of Ukraine, Norway became Europe’s largest natural gas…
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Equinor aims to increase its production outside Norway to 400,000 barrels of oil equivalent per day
The Norwegian company Equinor is diversifying its portfolio of oil and gas projects outside Norway as part of plans to increase production by 2030. The global leader in the oil and gas sector has made the final decision to invest in a new $9 billion project in Brazil, after years of consideration and appreciation. The…
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Oil and gas exploration in Norway rebounds with 47 new licenses
Oil and gas exploration continues in Norway, through huge deals announced by the state, granting exploration companies 47 new licenses recently, as part of its interest in this vital sector. Far Energy, a subsidiary of the Italian company Eni, has obtained 12 new exploration licenses in Norway, of which it will operate 5, reinforcing its…
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Oil and gas production in Norway may rise to record levels in 2023
Oil and gas production in Norway is expected to rise to record levels in 2023, serving Europe’s aspirations to rely on the country to compensate for the lack of Russian supplies. And the Norwegian Oil Directorate revealed – today, Monday, January 9 (2023) – that Norwegian oil production is expected to increase by 6.9% this…
