Norway/NCS
News
January 08, 2026
Equinor has awarded long-term framework agreements worth about NOK 100 billion ($9+ billion) to Norwegian suppliers, underpinning maintenance, modification and recovery activity across the Norwegian Continental Shelf.
News
January 07, 2026
Equinor has awarded ABL a marine warranty survey contract for Phase 2 of Norway’s Northern Lights CCS project, supporting the expansion of CO₂ transport and storage capacity to meet rising European demand.
Article
December 2025
Norway’s election results reaffirm strong national support for oil and gas, positioning the Labour government to expand licensing and safeguard long-term natural gas exports.
News
January 05, 2026
Transocean has added approximately $168 million to its firm backlog through a new deepwater drilling contract with bp offshore Brazil and a contract extension for its harsh-environment rig offshore Norway, strengthening utilization into 2027.
News
December 18, 2025
Subsea7 has been awarded a large EPCI contract by ConocoPhillips for the Previously Produced Fields (PPF) development offshore Norway. The $300–$500 million contract covers subsea structures, umbilicals, risers and flowlines tied back to the Ekofisk Complex, with offshore campaigns planned for 2027–2028.
News
December 18, 2025
DNO ASA has secured North Sea oil offtake agreements with subsidiaries of Exxon Mobil and Shell, unlocking up to $410 million in related financing facilities effective January 2026. The agreements strengthen DNO’s balance sheet and support continued growth amid volatile markets.
News
December 17, 2025
DeepOcean has secured a new long-term IMR frame agreement with Vår Energi, covering subsea inspection, maintenance and repair work across the operator’s Norwegian continental shelf assets through 2030, with options for extension.
News
December 16, 2025
Partners led by ConocoPhillips and Vår Energi have sanctioned the Previously Produced Fields (PPF) redevelopment in Norway’s Greater Ekofisk area, approving up to $1.8 billion in investment to bring new subsea wells online from 2028 and extend production life at the mature hub.
News
December 12, 2025
Equinor has extended its long-running IMR agreement with DeepOcean, securing subsea support through 2027 and preparing for the launch of the next-generation Rem Ocean vessel. The renewal marks nearly 30 years of continuous collaboration on the Norwegian Continental Shelf.
News
December 11, 2025
Equinor and partners have approved a NOK 4 billion investment to develop the Isflak discovery—the first tieback to the Johan Castberg hub—adding 46 MMbbl and targeting first oil in 2028 as the Barents Sea project ramps up for long-term growth.
News
December 05, 2025
Equinor and Aker BP have uncovered new gas and condensate volumes in Norway’s North Sea, with early estimates pointing to up to 113 million boe and tie-in potential to nearby infrastructure.
News
December 04, 2025
Kongsberg Maritime has landed a major LARS contract with Sea1 Offshore, supplying advanced launch-and-recovery systems for four new construction vessels and boosting subsea capability in harsh offshore conditions.
News
November 28, 2025
Aker Solutions has landed a substantial six-year ConocoPhillips contract for maintenance and modification work on Norway’s Eldfisk and Ekofisk fields—extending one of the largest brownfield portfolios on the NCS.
News
November 25, 2025
Equinor is ramping up offshore activity next year with 26 planned exploration and appraisal wells across the North Sea, Norwegian Sea and Barents Sea—part of a decade-long push to keep Norwegian production strong.
News
November 18, 2025
DNO has reshaped its North Sea portfolio by divesting its Ekofisk PPF stake and acquiring new interests in the Verdande field and Cassio prospect, advancing a strategy focused on near-term cash flow and quick-cycle development.
News
November 17, 2025
Nexans has launched the hull of the CLV Electra at Ulstein Verft, marking a major step toward commissioning one of the industry’s most advanced subsea cable-laying vessels. Designed for high-voltage offshore wind and interconnector projects, Electra will begin sea trials in spring 2026.
News
November 13, 2025
DeepOcean has secured a subsea construction and installation contract from Equinor for the Snorre Export and Import Gas Project (SNEIG), part of the broader effort to extend the Snorre field’s production life beyond 2040.
News
November 06, 2025
DNO reported record Q3 revenue and profit, boosted by higher North Sea and Kurdistan output, and launched a fast-track plan for its Kjøttkake tie-back project.
News
November 05, 2025
DNO ASA has strengthened its position in Norway’s Verdande oil field through a multi-asset swap with Aker BP, increasing its stake from 10.5% to 14%. The deal, part of DNO’s North Sea portfolio optimization strategy, includes divesting interests in the Vilje field, Kveikje discovery, and several exploration permits.
News
October 30, 2025
North Sea crude exports are set to reach their highest level since 2017, with December loadings forecast at 2.1 million bpd. Rising output from Johan Castberg and other key fields adds to a global oil supply glut expected to pressure prices into 2026.
News
October 29, 2025
The Norwegian Offshore Directorate has granted Equinor a drilling permit for well 7018/5-2 in production license 1236, located in the Barents Sea. The exploration well will be operated by Equinor with partners Vår Energi and Petoro.
