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A tale of two regulatory landscapes: the UK and Norway
The stark contrasts between the UK and Norway demonstrate how policy stability can shape the long-term trajectory of a mature basin
Equinor: Keeping offshore
The Norwegian NOC has used its offshore oil and gas prowess to expand into offshore wind, but project setbacks and lower returns are a concern for investors
Sverdrup keeps on giving
Equinor and its partners at Norway’s largest oilfield have pulled the trigger on a fresh $1.3b investment that will maintain high output for longer
Norway may have already reached peak oil supply
Castberg may not be enough to offset declines in other fields, while its vastly different quality has far-reaching implications for buyers
Equinor hones its ‘high-grade’ global portfolio
The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria
Equinor streamlines its offshore strategy
Exploration is providing mixed fortunes for IOCs amid higher costs, prompting firms to look towards M&A and safer plays
Norwegian North Sea proving resilient
Low carbon intensity and sizeable projects such as Johan Castberg coming onstream in late 2024 suggest a robust outlook at least until 2030
North Sea production to see minor boost
Taxation strategies in UK and Norway to continue to play important role for a region in which significant volumes of medium sour have offset the loss of similar quality Russian barrels and balanced the influx of US light sweet grades
Longboat splits attention between Norway and Malaysia
CEO Helge Hammer speaks to Petroleum Economist about the company’s recent activities and its expansion plans
Wintershall eyes Algeria in post-Russia reboot
The German producer is focusing on the North African country as it looks to strengthen its gas portfolio following its exit from Russia, COO Dawn Summers says in an interview with Petroleum Economist
Norway NCS Covid-19
Peter Ramsay
17 July 2020
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NPD warns on Norwegian development delays

Industry watchdog fears that Covid-19 will impact schedules

The Norwegian Petroleum Directorate (NPD) is concerned that restrictions due to the coronavirus pandemic will slow work at the 18 projects under development on the Norwegian continental shelf (NCS). “Several of these developments could be delayed as a result of the Covid-19 restrictions, for example [due to] the use of foreign labour and limits on the number of people in a workplace. This could impede progress in development projects,” the NPD warns in its interim report on the first half of 2020. The 18 projects (see Figure 1)—12 in the North Sea, five in the Norwegian Sea and one in the Barents Sea—span a range of entirely new facilities, smaller discoveries utilising existing infrastructu

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