Story perspectives

Equinor Extends $1.6 B Norwegian Shelf Contracts, Secures 2,500 Jobs

5/5/2026

Summary

Story summary

Equinor extended drilling and well-service agreements on the Norwegian Continental Shelf to a total of NOK 17 billion ($1.6 billion), with NOK 8.3 billion for integrated services and NOK 4.3 billion per year for frameworks.
Baker Hughes Norge AS, Halliburton AS and SLB Norge AS secured the contracts, while fifteen other firms received framework agreements.
Equinor says deals will sustain 2,500 jobs and deliver wells that should provide 70 percent of output by 2035 for European energy.

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Story summary

Equinor extended drilling and well-service agreements on the Norwegian Continental Shelf to a total of NOK 17 billion ($1.6 billion), with NOK 8.3 billion for integrated services and NOK 4.3 billion per year for frameworks.
Baker Hughes Norge AS, Halliburton AS and SLB Norge AS secured the contracts, while fifteen other firms received framework agreements.
Equinor says deals will sustain 2,500 jobs and deliver wells that should provide 70 percent of output by 2035 for European energy.