Barents Sea

The Norwegian operator cites inflation and uncertainty surrounding supplier markets as factors in the decision.

The Barents Sea is the gift that keeps on giving for Equnior which has made its 10th sizeable discovery within the same license area.

Licenses include a dozen in the North Sea, 10 in the Norwegian Sea and 4 in the Barents

Vessel will have Aker-made modules installed in Norway where final outfitting and commissioning will take place.

Deal with OMV raises interest to 35% on Barents Sea project slated to come online in 2028.

Norwegian oil firm chooses Aker, Sevan, TechnipFMC and others to continue studying $8-billion-plus Barents Sea development.

Total number of applicants down for latest Barents Sea frontier licensing round.

A new licensing round will open up 136 blocks in the Arctic Barents Sea.

An ultrahigh-density high-resolution data set from the Hammerfest Basin is now available from PGS. The area is thought to contain around half of the undiscovered resources on the Norwegian continental shelf, according to the Norwegian Petroleum Directorate.

Norway hopes for a continued rise in offshore exploration and development activity to ensure steady oil and gas production through the next decade.