Barents Sea

Equinor has grabbed seven new licenses in the Barents and Norwegian Seas, the latest in a flurry of offshore activity in which the firm has added acreage off the UK and Brazil, gained approval for a big Arctic project, and awarded billions of dollars in service contracts.

Statoil has submitted a long-awaited development plan for what will become Norway’s northernmost development.

The Goliat field will be the first offshore oil field in the Barents Sea and the world’s northernmost offshore oil field.