Norway

Alongside the new subsea awards, Equinor strengthened its position in the 400-million-bbl Bay du Nord development by acquiring BP’s interest in the project.

A report commissioned by Havtil, the Norwegian Ocean Industry Authority, calls for better dialogue regarding pore-pressure uncertainty and higher-end drilling techniques like managed pressure drilling as methods to reduce the risk of well-control events.

Equinor and its partners’ investment in the Troll West Increased Gas Recovery North (TWIN) project aims to unlock around 11 Bcm of additional natural gas from the Troll field, with first production targeted as early as 2028.

In the fourth development phase, a planned tieback would connect resources from two North Sea discoveries to existing infrastructure at the Johan Sverdrup field, pending project sanction.

New technical papers suggest advanced robotic systems may not be far away from broad adoption for a large share of offshore inspection and intervention.

INEOS Energy and Shell have partnered to invest in Gulf of Mexico exploration, while Eni reported strong productivity from its Geliga 1 discovery in Indonesia. Santos is advancing its Agogo project in Papua New Guinea, and ConocoPhillips received approval to redevelop several previously producing oil fields in Norway’s Greater Ekofisk Area.

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

Equinor generated its first revenue from the Adura joint venture with Shell, formed in late 2025, highlighting strong early cash flow from key UK fields including Mariner and Buzzard.

The North Sea project, which is sending production to the nearby Ivar Aasen platform, came online 9 months ahead of schedule.

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