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Country summary: Norway

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Norway - recent news

03 Mar 26
Norway: Profitable development of tight reservoirs - Norwegian Offshore Directorate
According to mapping conducted by the Norwegian Offshore Directorate, cooperation between the companies, cost reductions and applying new technology can contribute to profitable production from tight reservoirs. There are large quantities of oil and gas in so-called tight reservoirs on the Norwegian continental shelf (NCS). Many of the about 90 discoveries still awaiting a development decision are located in such tight reservoirs.
23 Feb 26
Norway: SLB OneSubsea awarded subsea compression upgrade for Gullfaks field
Global energy technology company SLB (NYSE: SLB) announced today that its OneSubsea™ joint venture has been awarded an engineering, procurement and construction (EPC) contract by Equinor to upgrade the subsea compression system for the Gullfaks field in the Norwegian North Sea.
22 Feb 26
Norway's preliminary production figures for January 2026 show an average daily production of 2,219,000 barrels of oil, NGL and condensate
Preliminary production figures for January 2026 show an average daily production of 2,219,000 barrels of oil, NGL and condensate.
22 Feb 26
Norway: Norwegian Offshore Directorate reports high production and increase in petroleum resources
According to the Resource Accounts for 2025, oil production on the Norwegian continental shelf (NCS) in 2025 was the highest since 2009. The Resource Accounts show high production of both liquids and gas, and that resource growth is replacing 60 per cent of production.
18 Feb 26
Norway: Equinor drills dry well in the Barents Sea (7018/5-2)
Equinor and its partners have drilled a dry well on the 'Vikingskipet' prospect. Wildcat well 7018/5-2 was drilled in production licence 1236, about 140 kms southwest of the Snøhvit field.

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