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Norway Oil Output Hits Highest in a Decade

by Bloomberg|Kari Lundgren | Wednesday, August 20, 2025

Norway’s monthly oil production jumped to the highest in over a decade last month, following the ramp-up of Equinor ASA’s new Johan Castberg field in the Barents Sea.

The country’s output rose 17% from June to 1.96 million barrels a day, the Norwegian Offshore Directorate said in a statement Wednesday. That was the highest in data going back to 2011.

Norwegian oil and gas producers are spending billions to squeeze output from the country’s mature continental shelf. While exports have dropped from what they were in the early 2000s, July crude loadings from the country were forecast to reached the most since at least 2012, according to consultant FGE NexantECA.

The giant Johan Sverdrup field and Johan Castberg alone pump a combined total of about 1 million barrels a day.

Le fonds souverain de Norvège va sortir du capital de six entreprises israéliennes

Depuis le 30 juin, le fonds pétrolier, le plus important du monde, s’est désengagé de 23 sociétés de l’Etat hébreu. Dans le pays scandinave, la pression monte pour que d’autres soient ajoutées à la liste.

lemonde.fr 19 aout 2025

Pesant plus de 20 000 milliards de couronnes (1 670 milliards d’euros), le fonds souverain norvégien, alimenté par les revenus du royaume scandinave tirés de l’exploitation du gaz et du pétrole, est le plus grand fonds d’investissement du monde. Depuis le printemps, des voix, toujours plus nombreuses, en Norvège et à l’étranger, s’élèvent pour réclamer qu’il renonce à ses actifs dans des entreprises israéliennes. Lundi 18 août, le fonds a annoncé qu’il allait exclure de son portefeuille six d’entre elles, « en lien avec la bande de Gaza et la Cisjordanie », sur la base des recommandations de son comité d’éthique.

Dans une lettre adressée au ministère des finances, Nicolai Tangen, le patron du fonds, et Ida Wolden Bache, la gouverneure de la Banque de Norvège, précisent que le fonds a cédé ses parts dans 23 sociétés cotées en Bourse en Israël, pour une valeur de 4 milliards de couronnes, depuis le 30 juin. Le 14 août, il détenait encore 19 milliards de couronnes, investies dans 38 sociétés israéliennes, sur plus de 8 600 à travers le monde.

Lors d’une conférence de presse, lundi, le ministre travailliste des finances, Jens Stoltenberg, n’a pas exclu que les actions d’autres entreprises soient vendues, si le comité d’éthique du fonds, chargé de garantir une stratégie d’investissement responsable, le jugeait nécessaire. Le ministre a démenti au passage que ces désinvestissements constituent « une politisation » du fonds, assurant que la décision avait été prise sur la base de « procédures établies ».

Il vous reste 70.55% de cet article à lire. La suite est réservée aux abonnés.

Le fonds souverain norvégien affiche un rendement de 5,7% au premier semestre

Publié le 12/08/2025 Investing.com

Le fonds souverain norvégien a enregistré un rendement de 5,7% au premier semestre 2025, principalement grâce à la forte performance des marchés d’actions.

Norges Bank Investment Management, qui gère le plus grand fonds souverain du monde, a annoncé mardi que le fonds avait atteint une valeur marchande de 19.586 milliards de couronnes (1.914 milliards de dollars) au 30 juin.

"Ce résultat est porté par les bons rendements du marché boursier, particulièrement dans le secteur financier," a déclaré Nicolai Tangen, directeur général de Norges Bank Investment Management.

Le fonds, communément appelé fonds pétrolier, a connu une performance positive dans le secteur des télécommunications, qui a bénéficié de flux de revenus stables, d’attentes de consolidation en Europe, et de nouvelles sources de revenus dans l’intelligence artificielle.

Les actions des services publics ont également bien performé, en partie parce que les investisseurs recherchaient des placements plus stables pendant une période de baisse des prix du pétrole et du gaz.

En revanche, les actions du secteur de la santé, notamment celles des prestataires de soins, ont perdu de la valeur en raison des incertitudes entourant les changements potentiels de la politique de santé américaine.

La couronne norvégienne s’est renforcée face à plusieurs devises majeures au cours du premier semestre de l’année, entraînant des mouvements de change qui ont réduit la valeur du fonds de 1,01 milliard de couronnes.

Un barrage norvégien a été victime d'une cyberattaque en avril dernier, son contrôle échappant temporairement aux autorités locales.

En Norvège, le pétrole oppose 2 cousins : l'un ministre, l'autre militant d'Extinction Rebellion

Connaissance des Énergies avec AFP le 29 juillet 2025

Statkraft va réduire ses effectifs après une perte trimestrielle

Boursorama avec AFP •22/07/2025

Le plus grand producteur européen d'énergies renouvelables, le groupe public norvégien Statkraft, va tailler dans ses effectifs dans le cadre d'un plan de réduction des coûts, a-t-il annoncé mardi, en présentant une perte trimestrielle.

Actif dans l'hydroélectrique, l'éolien, le solaire et le gaz naturel, Statkraft qui emploie quelque 7.000 personnes dans une vingtaine de pays a choisi de se concentrer sur un nombre restreint de technologies et d'espaces géographiques depuis l'arrivée à sa tête de Birgitte Ringstad Vartdal en avril 2024.

Au deuxième trimestre, Statkraft a essuyé une perte nette de 6,5 milliards de couronnes (545 millions d'euros) contre une perte de 992 millions de couronnes un an plus tôt.

C'est essentiellement imputable à des dépréciations d'actifs, à hauteur de 6,3 milliards de couronnes, liées à la révision à la baisse des prévisions de prix de l'électricité à long terme, notamment en Europe du Nord, a expliqué le groupe dans son rapport trimestriel.

"Malheureusement, les changements que nous mettons en œuvre entraîneront des suppressions de postes", a déclaré Mme Ringstad Vartdal, citée dans un communiqué.

Le groupe n'a pas fourni plus de détails sur ce point.

Dans ses efforts visant à réduire la voilure, il vient de boucler la vente d'actifs en Croatie et aux Etats-Unis, et dit oeuvrer à d'autres cessions en Colombie, en Inde, aux Pays-Bas et au Canada.

Ses participations dans le solaire, l'éolien et les batteries en Pologne font également l'objet d'un réexamen, et il a mis un coup d'arrêt à son développement au Portugal et en Australie.

DNO : Vidsyn Discovery Proves Up Commercial Oil and Gas

édité le 21/07/2025

DNO ASA, the Norwegian oil and gas operator, today confirmed a gas and condensate discovery on the Vidsyn prospect close to its producing Fenja oil and gas field, both within the Norwegian Sea license PL586. The Company has a 25 percent stake in the license, up from 7.5 percent prior to the recent acquisition of Sval Energi Group AS last month.

Preliminary estimates put gross recoverable resources in the range of 25 to 40 million barrels of oil equivalent (MMboe) with a mean of 31 MMboe, above the pre-drill estimate range. The Vidsyn discovery was made in Middle Jurassic high-quality reservoir sandstones of the Ile formation. The partnership, including Vår Energi ASA (75 percent and operator), considers the discovery commercial and sees a potential to unlock a larger volume in the licence.

“Vidsyn is another exciting addition to our string of Norway discoveries,” said Executive Chairman Bijan Mossavar-Rahmani. “Together with Vår Energi, we will work hard to put it into production faster than is the norm in Norway.”

Vidsyn is located eight kilometers west of the Fenja field, which is tied back to the Equinor-operated Njord field facilities 35 kilometers to the northeast. Njord oil is exported by shuttle tankers while gas is piped to the market via the Åsgard Transport System.

Since re-entering Norway in 2017, DNO has participated in over a dozen discoveries on the Norwegian Continental Shelf, including three on permits operated by the Company, namely Kjøttkake (2025), Othello (2024) and Norma (2023).

DNO produces around 80,000 barrels of oil equivalent per day offshore North Sea from more than 30 fields, participates in six ongoing field development projects, is maturing multiple discoveries for project sanction and has interests in a total of 138 permits in the North Sea where it will drill three more exploration wells later this year: Page in PL1086 (50 percent interest and operator), Tyrihans Øst in PL1121 (30 percent) and Camilla Nord in the Vega unit (5.5 percent). Combined North Sea 2P reserves and 2C resources of 435 million barrel of oil equivalent translates into15 years of production at the current run rate.

Equinor and partners to invest over $1.2bn in Fram Sør project in Norway
The Fram Sør project unites multiple discoveries to extract oil and gas via Troll C, with 116 million barrels anticipated.

Swagath Bandhakavi 27th Jun 2025


llustration of Equinor’s Fram Sør project. (Credit: Equinor ASA)

Equinor and its partners in the Fram project have announced an investment exceeding NOK21bn ($1.2bn) for the Fram Sør project, a new subsea development aimed at enhancing oil and gas exports to Europe from the Fram and Troll area.

The development plan for this new North Sea project was officially submitted to the Norwegian Minister of Energy, Terje Aasland.

Equinor Energy holds a 45% stake in the partnership, followed by Vår Energi with 40%, and INPEX Idemitsu Norge at 15%.

The Fram Sør project combines multiple discoveries for the extraction of oil and gas via Troll C, with expected recoverable volumes totalling 116 million barrels of oil equivalent—comprising 75% oil and 25% gas. The commencement of production is anticipated by the end of 2029.

A notable feature of this development is its low CO2 intensity, projected at approximately 0.5 kg of CO2 per barrel of oil equivalent. This contrasts with an average of 8 kg on the Norwegian Continental Shelf (NCS) and an industry average of about 16 kg, according to the International Association of Oil & Gas Producers’ 2023 data.

The Fram Sør area has seen significant activity since Equinor and partners discovered oil and gas there in autumn 2019. The Echino South discovery led to further exploration, resulting in nine findings over four years in the Troll-Fram vicinity.

In spring 2021, the Blasto discovery, along with two smaller previous finds, laid the foundation for the Fram Sør initiative.

Equinor exploration and production Norway executive vice president Kjetil Hove said: “We have done a thorough job maturing the new resources discovered in the Fram and Troll area in recent years.

“Fram Sør shows the importance of area solutions and close collaboration between partners and authorities in order to realise the resource values on a mature NCS. We have a large portfolio of projects that will phase in discoveries to our producing fields. Equinor expects to put more than 50 such projects on stream by 2035.”

The Fram Sør project is planned to use all-electric Christmas trees, thereby eliminating hydraulic fluid use from platforms and enhancing subsea equipment monitoring. This innovation potentially minimises environmental impact while offering efficient operation, said Equinor.

According to Equinor, the project is set to benefit the Norwegian supply industry throughout its development and operational phases. A ripple effect study from Kunnskapsparken in Bodø estimates it will create 4,500 full-time equivalent jobs in Norway during development.

Although most suppliers are based in Norway, some construction will occur abroad.

Contracts related to the project are valued at approximately NOK18bn ($1.8bn), pending regulatory approvals.

Fram Sør’s subsea installations will be located about 20km north of Troll C and roughly 120km northwest of Bergen, at a water depth of around 350m. The reservoir itself is situated between depths of 1,800 to 2,800m.

The infrastructure will include four subsea templates linked back to existing Fram structures and the Troll C platform for processing.

Oil from Fram will transit through the Troll Oil Pipeline II to Mongstad, while gas will be exported to Kollsnes via the Troll A platform.

Equinor has concluded the front-end engineering design phase with four primary suppliers: OneSubsea for subsea systems; Subsea7 for marine installation; TechnipFMC for umbilicals; and Aker Solutions for platform modifications.

Further contracts for pipeline supply, fibre optic cable laying, rock installation, and rig capacity are anticipated to be awarded this year.

ConocoPhillips Confirms Slagugle Oil Discovery in Norwegian Sea

by Paul Anderson|Rigzone Staff | Friday, June 20, 2025

The Norwegian Offshore Directorate said ConocoPhillips Skandinavia AS, operator of production license 891, had confirmed the Slagugle oil discovery.

The second appraisal well, 6507/5-12 S, was drilled about 22 kilometers (13.7 miles) northeast of the Heidrun field and about 270 kilometers (168 miles) north of Kristiansund.

This is the third exploration well in production license 891, awarded in the Awards in Predefined Areas (APA) in 2016, the Directorate said in its notice.

The Directorate reported that the Slagugle oil discovery, proven in 2020, holds an estimated 4.9 to 9.8 million standard cubic meters of oil equivalent (approximately 30.8 to 61.6 million barrels of oil equivalent) in Triassic reservoir rocks. Additional potential volumes exist in the lower Are Formation and Upper Grey Beds. Licensees will now analyze the data to assess a possible development.
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Project development firm created for Norwegian SMR plant

Friday, 25 April 2025

A new company, Trondheimsleia Kjernekraft AS, has been founded in partnership between the future host municipalities of Aure and Heim, local energy company NEAS and Norsk Kjernekraft to develop a power plant based on multiple small modular reactors.


The proposed location for the SMR plant (Image: Norsk Kjernekraft)

Norsk Kjernekraft submitted a proposal to Norway's Ministry of Energy in November 2023 for an assessment into the construction of the small modular reactor (SMR) plant. According to the preliminary plan, the plant will be located in a common industrial area - the Taftøy industrial park - in the border area between Aure and Heim in Trøndelag county. The plant is planned to consist of several SMRs, with a total generating capacity of up to 1500 MWe, if the plant is realised in its entirety.

"With the establishment of the company, we are now positioning our region well to realise our ambitions to cut greenhouse gas emissions while preserving our nature," said mayors Marit Liabø Sandvik (AP) and Henning Torset (H) in a joint statement. "These goals must be met without compromising local jobs. Nuclear power can meet the ever-increasing demand for power while meeting all the other goals, and was therefore considered a good alternative. The reception among the local population has been good so far, and we will work to ensure that this continues."

"The dialogue with residents, businesses and politicians in Heim and Aure municipalities has been very constructive and good. The municipalities were early in initiating the process for nuclear power, including by notifying the Ministry of Energy of a study programme, and are thus very well placed to be among the first plants in Norway," said Norsk Kjernekraft CEO Jonny Hesthammer. "By the municipalities now also taking on the ownership role, transparency and public ownership of the plant are ensured. The plant could have a lifespan of up to 100 years, so this is value creation from a generational perspective. The grandchildren of children born today will actually be able to have their jobs at the plant."

NEAS CEO Knut Hansen added: "Møre og Romsdal is a region with power-intensive industry, and new power production in the region has long been the most important challenge to enable further growth. With this plant, all new needs will be met for a long time to come and companies will be able to see the opportunities for development and cuts in greenhouse gas emissions."

Earlier this month, the Norwegian government commissioned several agencies to develop an Environmental Impact Assessment programme for the proposed SMR power plant in Aure and Heim. Recommendations are expected before the summer, and no later than September.

"If all goes according to plan, investigations will be able to begin as early as this year," Norsk Kjernekraft said. "If the project is realised in its entirety, it will correspond to almost 10% of all Norwegian power production and all developed wind power in Norway as of today."

Norsk Kjernekraft aims to build, own and operate SMR power plants in Norway in collaboration with power-intensive industry. It says it will prepare licence applications in accordance with national regulations and international standards. It will follow the International Atomic Energy Agency's approach for milestones, and focus on what creates value in the early phase. Financing will take place in collaboration with capital-strong industry and solid financial players.

Aure and Heim is one of four possible locations for a nuclear power plant that Norsk Kjernekraft has announced, the other municipalities being Vardø, Øygarden and Halden.

In June 2024, the Norwegian government appointed a committee to conduct a broad review and assessment of various aspects of a possible future establishment of nuclear power in the country. It must deliver its report by 1 April 2026.

Norvège: le fonds souverain a perdu 35 milliards d'euros au premier trimestre

Boursorama avec AFP •24/04/2025

Le fonds souverain de la Norvège, le plus gros au monde, a perdu 415 milliards de couronnes (environ 35 milliards d'euros) au premier trimestre, plombé en grande partie par les valeurs tech, a-t-il annoncé jeudi.

"Le trimestre a été marqué par d'importantes fluctuations des marchés. Nos investissements en actions ont enregistré un rendement négatif", soit -0,6%, "en grande partie en raison du secteur technologique", a déclaré son chef Nicolai Tangen, cité dans un communiqué.

En outre, la valeur du fonds a chuté sous l'effet du renforcement de la couronne norvégienne face à plusieurs des principales devises.

"Ces mouvements de change ont contribué à une baisse de la valeur du fonds de 879 milliards de couronnes", a précisé le fonds souverain.

Globalement, le fonds a perdu 1.215 milliards de couronnes durant le trimestre, portant sa valeur à 18.526 milliards (1 .559 milliards d'euros).

Les placements en actions représentent 70% de son portefeuille au 31 mars 2025, ses placements obligataires 27,7% et les investissements immobiliers, 1,9%.

Alimenté par les revenus pétroliers de l'Etat norvégien, le fonds est présent au capital de quelque 9.000 entreprises à travers le monde, soit 1,5% de la capitalisation boursière mondiale.

Ses parts dans les "Sept Magnifiques" - Apple, Amazon, Alphabet (maison mère de Google), Meta (Facebook, Instagram), Microsoft, Nvidia et Tesla- représentent une part importante de ses placements boursiers.

M. Tangen avait dit fin janvier, à la publication des résultats annuels, "nous devons apprendre à vivre avec un risque de concentration plus élevé que dans le passé, et je ne pense pas qu'il y ait grand-chose qu'on puisse faire".

mobar a écrit : ↑

03 avr. 2025, 18:32

Les montants de production d'un champ dépendent plus de la demande des marchés que du potentiel de production de ce champ
Les exploitante n'ont que faire de produire beaucoup, ce qui les intéresse c'est de maximiser les revenus et de faire durer l'exploitation à moindre cout le plus longtemps possible

Rien ne sert de tuer la poule aux œufs d'or il faut la faire produire un max pendant le plus longtemps possible quand le prix du brut est élevé