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18 Dec 25 |
Norway: DNO Agrees North Sea oil offtake with Exxon Mobil and Shell, unlocks attractive financing DNO, the Norwegian oil and gas operator, has placed its North Sea oil production with subsidiaries of Exxon Mobil Corporation and Shell effective 1 January 2026 and secured related offtake financing facilities for up to USD 410 million. |
18 Dec 25 |
Norway: Sustaining long term production with ten high quality project sanctions in 2025 Vår Energi is progressing the portfolio of early-phase projects, sanctioning a total of ten development projects this year. These developments form part of the Company's early-phase portfolio of around 30 high quality projects. The projects are adding high value barrels to sustain production of between 350 and 400 thousand barrels of oil equivalent per day (kboepd) towards 2030 and beyond. |
17 Dec 25 |
Norway: DeepOcean selected as Vår Energi’s IMR partner Ocean services provider DeepOcean has been awarded a new long-term inspection, maintenance and repair (IMR) frame agreement with operator Vår Energi. |
17 Dec 25 |
Norway: Vår Energi completes nine out of nine growth projects in 2025 - driving transformational growth in 2025 Vår Energi has announced the successful start-up of Balder Phase V and the completion of Åsgard Low Pressure Production Phase 3 (LPP3). With the Åsgard LPP3 project start-up scheduled for December, the Company has delivered on its commitment to complete nine out of nine growth projects in 2025, marking a year of transformational progress for Vår Energi. |
16 Dec 25 |
Norway: Norwegian Offshore Directorate postpones regulatory changes The Norwegian Offshore Directorate has put forward proposed changes to the Regulations relating to resource management in the petroleum activities and the Regulations relating to documentation in connection with storage of CO2 on the shelf for public consultation. |
16 Dec 25 |
Norway: PPF Project sanctioned - strengthening production in the Greater Ekofisk Area Vår Energi and licence partners announce that the Previously Produced Fields (PPF) Project in the Greater Ekofisk Area is sanctioned. The project will add high value barrels from 2028 onwards and strengthen production life of the Greater Ekofisk Area. |
16 Dec 25 |
Odfjell Drilling completes acquisition of the Deepsea Bollsta and refinancing Odfjell Drilling has announced the successful completion of the acquisition of Deepsea Bollsta, including the novation of the rig’s drilling contract with Equinor for a firm period until early 2028 and with five one-year extension options. |
