Western Europe
News
January 20, 2026
Equinor and ORLEN have discovered gas and condensate in the Sissel prospect near the Utgard field in the North Sea, with recoverable volumes estimated at up to 28 million boe and tie-back options under consideration.
News
January 16, 2026
OEG is ramping up OPITO-accredited helicopter refueling training as the offshore sector prepares for mandatory CAA CAP 437 certification requirements for helicopter landing areas expected in 2026.
News
January 16, 2026
New Scotland-wide polling shows strong public support for full North Sea oil and gas development, highlighting concerns over jobs, imports, and UK energy security.
News
January 15, 2026
Oxford Flow has appointed Andrew Hodgson as executive chair, succeeding David Hill, as the UK-based flow control equipment specialist moves into its next phase of international growth.
News
January 15, 2026
ModuSpec has received DNV Technology Qualification for real-time BOP monitoring within its Argus digital platform, supporting wider adoption of digital well control assurance on offshore rigs, including the Norwegian Continental Shelf.
News
January 14, 2026
Shell and Exxon have pulled a planned sale of strategic UK North Sea gas assets to Viaro, citing unresolved regulatory and market conditions after months of review.
News
January 13, 2026
INEOS has criticized the UK’s net-zero strategy after a report from the Institute of Economic Affairs (IEA) estimated decarbonization costs could reach £7.6 trillion, raising concerns over industrial competitiveness and energy security.
News
January 13, 2026
Norway has offered 57 new offshore production licenses to 19 companies in the latest APA licensing round, spanning the North Sea, Norwegian Sea and Barents Sea. The move aims to slow production decline on the NCS and support long-term energy supply to Europe.
News
January 13, 2026
Equinor has been awarded 35 new production licenses in Norway’s APA round, strengthening exploration and long-term oil and gas production across the NCS.
News
January 13, 2026
DNO ASA has been awarded 17 exploration licenses in Norway’s APA 2025 round, including four operatorships, reinforcing its high-pace exploration strategy and growing portfolio across the North Sea and Norwegian Sea.
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.
Article
December 2025
Uncertainty continues to cloud investment on the UK Continental Shelf, as high taxation, limited licensing, declining production and policy shifts reshape the UK energy outlook to 2050.
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
January 02, 2026
Baker Hughes has completed the closing of its surface pressure control JV with Cactus, marking a shift in ownership and capital allocation within the upstream equipment sector.
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
INEOS has committed £150 million to upgrade and secure the future of its Grangemouth industrial site, backed by UK government support. The investment aims to protect more than 500 jobs, improve efficiency and reinforce the site’s role as a cornerstone of British manufacturing.
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.
