Barents Sea

Equinor, ADNOC, Eni, Santos, Saipem, and Halliburton lead this week’s offshore energy headlines, with a new Barents Sea discovery, a $6.2 billion UAE gas project FID, and major contract awards across Côte d’Ivoire, Iraq, Libya, and Romania. Key updates also include progress at Santos’ Barossa and Pikka developments and new North Sea drilling commitments from Equinor a…

The companies will work together to increase future production and value creation at their respective assets in the Norwegian Continental Shelf.

Equinor said it found between 14 million and 24 million BOE with its most recent exploration well in the Polynya Tubåen prospect.

Equinor, Aker BP, DNO Norge, and Vår Energi received the most licensing offers in APA 2025.

Updates about global exploration and production activities and developments.

The new development is estimated to hold 46 million bbl of recoverable oil and is planned to start up in late 2028.

A total of 20 companies submitted applications for new exploration blocks offshore Norway.

Less than 3 months after going onstream, the Barents Sea project, the northernmost production offshore Norway, is producing 220,000 B/D.

The project is the most northern field offshore Norway to begin production.

The operator plans to acquire seismic and carry out appraisal drilling at the site later this year; the find could be fast-tracked as a tieback to the Goliat FPSO.