Norway ///

Equinor retreats from frontier exploration in Norway’s Arctic

Equinor will reduce its focus on the frontier areas of the Barents Sea in another blow to Norway’s ambition to build a new oil province in its Arctic region.

The future is in the north, according to the Norwegian Petroleum Directorate

Our estimates indicate that more than half of the oil and gas that has not yet been discovered is located in the Barents Sea.

The curious case of Norway's 60 MMbbl of missing oil

Norway has built a reputation as one of the calmest and most predictable corners of the global oil industry, but lately it’s been full of surprises.

Equinor, Var Energi AS complete successful appraisal well in the Barents Sea Goliat license

The resource estimates on Goliat continues to increase. Vår Energi AS has together with license partner Equinor completed an appraisal in PL 229 in the Barents Sea through the successful drilling of the 7122/7-7 S Goliat West appraisal well.

ONS 2016: Statoil tells ONS crowd that it continues to plan for exploitation of Barents Sea

Some professionals in the global oil and gas industry might think that with oil prices continuing to perform at sub-par levels, all thought of exploiting Arctic plays like the Barents Sea has ceased. But that’s just not true, according to Statoil Executive V.P. Tim Dodson.

ONS 2016: Equipped for the new frontier challenges?

Sub-zero temperatures, high seas, strong winds and low daylight present their own unique challenges for the offshore sector. Conditions can be tough in the frontier areas opening up in the Norwegian Sea and the Barents Sea—which may call for specialized equipment and robust offshore personnel.