Equinor's headquarters in Oslo
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
Norway’s Equinor has seen mixed fortunes from its offshore exploration in recent months, exemplifying a trend among IOCs that has seen recent high-profile successes coming alongside failures and setbacks—serving as a reminder that offshore exploration is risky. Domestically, Equinor’s exploration efforts in 2024 include drilling a dry hole at Harden sor, the sixth well to be drilled in production licence (PL) 248C in the Norwegian North Sea. This was followed by the firm delineating the Heisenberg oil and gas discovery in wells 35/10-11 S and A and also proving the presence of oil in the Hummer prospect—the first and second wells drilled in PL 827 SB. “Equinor’s performance in Norway has gen
Also in this section
28 March 2025
The Central Asian country is positioning itself as a low-carbon leader, but antiquated infrastructure and a dependence on Russia are holding it back
28 March 2025
MCEDD 2025 took place in Madrid this week with record attendance and a wide-ranging programme, reflecting the deepwater sector’s renewed momentum, strategic focus and accelerating technological innovation.
27 March 2025
Awards celebrate global innovation, leadership and achievement across the energy sector’s people, projects, technologies and companies.
26 March 2025
Well-functioning democracies are required for healthier economies and a thriving oil industry
