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Stock impact report

Norway strikes oil in North Sea near British waters [Yahoo! Finance]

Equinor ASA (EQNR) 
Last equinor asa earnings: 2/6 12:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
British operators Harbour Energy and Aker BP have both made recent finds in the Norwegian North Sea close to the border with UK waters. It suggests that the region still has a wealth of potential even as Labour shuts down activity Norway's Okea has discovered more oil in a field slightly closer to Norway. Meanwhile, a wildcat well drilled by state energy firm Equinor was also successful, discovering seven million barrels. In a new report, the Norwegian Offshore Directorate described the North Sea as “the powerhouse of the Norwegian petroleum industry, with 69 fields in production”. Norway has drilled around 45 exploratory wells in 2025, with 12 yielding commercial quantities of oil and gas. This included 30 in the North Sea of which six were economic. Its discoveries are in stark contrast to the UK sector of the North Sea, which has been hit by the Government's 78pc total tax rate on oil and gas profits and a ban on new exploration. The energy levies means the UK industry i Show less Read more
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