logo
Norway's Equinor makes gas find in Barents Sea

Norway's Equinor makes gas find in Barents Sea

Reuters10-07-2025
COPENHAGEN, July 10 (Reuters) - Norway's Equinor (EQNR.OL), opens new tab has discovered gas in the Skred prospect near the Johan Castberg field in the Barents Sea, the Norwegian Offshore Directorate said on Thursday.
Preliminary estimates indicate a discovery of between 0.3 billion and 0.5 billion standard cubic metres of recoverable gas equivalent, corresponding to between 1.9 million and 3.1 million barrels of oil equivalent, the directorate said.
The licensees will evaluate the discovery with regard to a possible tie-in to the Johan Castberg field, it added.
Equinor is the operator and owns 46.3% of the permit. Vaar Energi holds 30% and Norwegian state-owned oil firm Petoro owns the remaining 23.7%.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Cruise giant offers cash incentive to address overtourism
Cruise giant offers cash incentive to address overtourism

The Independent

time8 hours ago

  • The Independent

Cruise giant offers cash incentive to address overtourism

Norwegian cruise company Hurtigruten has introduced an "Open Village" initiative to address overtourism by offering sailings to smaller, remote villages. The programme aims to immerse visitors in the everyday life of three coastal villages: Træna, Bessaker, and Sæbø. Hurtigruten will contribute 250 Norwegian Krone, approximately £18, per guest directly to each community visited. These excursions are available on the company's smaller Signature Line Voyages during the summer period between May and September. The initiative seeks to provide a more meaningful travel experience while supporting local businesses and residents in small communities.

Vaccine maker Bavarian Nordic in takeover talks, shares rally
Vaccine maker Bavarian Nordic in takeover talks, shares rally

Reuters

time9 hours ago

  • Reuters

Vaccine maker Bavarian Nordic in takeover talks, shares rally

COPENHAGEN, July 24 (Reuters) - Danish biotech Bavarian Nordic ( opens new tab said on Thursday it is in discussions with a consortium of Nordic Capital and Permira regarding a potential takeover offer from the two private equity groups, sending its share price up 24%. "As these discussions are continuing, there can be no certainty as to whether any offer for Bavarian Nordic A/S by Nordic Capital and Permira will be made, or the timing or the terms of such offer," the vaccine maker said in a statement. Bavarian Nordic, which specialises in vaccines for mpox, smallpox and other infectious diseases, has a market capitalisation of close to $3.0 billion following Thursday's share price rally, a Reuters calculation showed. The company did not disclose how much the private equity groups might offer for its shares. Bavarian is a key supplier to governments globally, including the United States, where it contributes to public health preparedness programmes.

Bavarian Nordic in talks with Nordic Capital and Permira on potential takeover
Bavarian Nordic in talks with Nordic Capital and Permira on potential takeover

Reuters

time10 hours ago

  • Reuters

Bavarian Nordic in talks with Nordic Capital and Permira on potential takeover

COPENHAGEN, July 24 (Reuters) - Danish biotech Bavarian Nordic ( opens new tab said on Thursday it is in discussions with a consortium of Nordic Capital and Permira regarding a potential takeover offer. "As these discussions are continuing, there can be no certainty as to whether any offer for Bavarian Nordic A/S by Nordic Capital and Permira will be made, or the timing or the terms of such offer," the vaccine maker said in a statement. Shares in the Danish company rose 16.3% in Copenhagen trade.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store