The Norwegian Offshore Directorate has granted Equinor a drilling permit for the exploration well 7220/7-CD-1 H, located in ...

EQNR mentions that the exploration well shall be drilled in the Barents Sea using the Transocean Enabler semi-submersible rig, suited for operating in harsh environments.

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Regarding other significant projects, timelines remain unchanged. The Johan Castberg project in the Barents Sea is slated for 2025, with no precise start-up timing indicated for Vår Energi.

In 2024, Sverdrup accounted for about 54% of Aker BP's group production, which totaled 439kboe/d. Equinor has also revised its ambitions for the field, targeting a 75% reserves recovery rate, ...

This shortfall was attributed to the delayed start-up at the Johan Castberg field, which was confirmed back in December. Despite the production miss, Vår Energi's realized prices for the quarter ...

Investing.com -- Shares of Vår Energi (OSLO:VAR) dropped 5% following the release of their fourth-quarter trading update, indicating a production volume that fell short of market expectations.

Oslo-listed Vaar Energi , majority-owned by Italy's Eni , on Tuesday raised its dividend while reporting a fourth-quarter operating profit in line with expectations.

European crude prices have slumped to multimonth lows as the continent’s refineries start to take plants offline for regular ...