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Country summary: Norway

energy-pedia opportunities - Norway:
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Norway - recent news

29 Jul 26
Westwood Insight - How a Norway M&A Deal could impact FLAGS
In Norway, a seemingly innocuous asset swap deal has highlighted the vulnerability of UK pipeline systems to Norwegian entrants. Vår Energi and Equinor recently announced a deal to exchange assets on the Norwegian Continental Shelf, whereby Vår Energi will receive a 32.5% interest in the Peon discovery and takes operatorship from Equinor, which retains 27.5% equity.
27 Jul 26
Norway: Norwegian Offshore Directorate announces production figures for June 2026
Preliminary production figures for June 2026 show an average daily production of 2,022,000 barrels of oil, NGL and condensate. Total gas sales were 10.0 billion Sm3 (GSm3), which is 0.6 (GSm3) more than the previous month. The average daily production of liquids in June was: 1,827,000 barrels of oil, 179 000 barrels of NGL and 16,000 barrels of condensate.
24 Jul 26
Norway: Equinor drills oil discovery near the Johan Castberg field (7220/5-EC-2 H)
Equinor and its partners have made an oil discovery in the 'Skrugard North Tubåen' prospect in the Barents Sea. The wildcat well was drilled around 6 kms north of the 7220/8-1 discovery well on the Johan Castberg field.
22 Jul 26
Norway: TGS announces Atlantic Margin South Reprocessing project in the Norwegian Sea
TGS has announced the Atlantic Margin South Reprocessing project, located in the Norwegian Sea. The project area covers more than 23,000 sq kms of 3D data over this underexplored part of the Norwegian continental shelf (NCS).
21 Jul 26
Norway: Statkraft reports strong second quarter results driven by higher prices
Statkraft delivered strong results in the second quarter of 2026, driven by significantly higher Nordic power prices. Hydropower generation in the Nordics was lower than the same quarter last year due to a tighter hydrological situation. Strategic divestments have been completed, and cost reductions remain on track, strengthening competitiveness.

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