We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Equinor's New Fields Boost Norway's Oil Production to Record Level
Read MoreHide Full Article
Key Takeaways
Equinor's new Johan Castberg field and Johan Sverdrup boosted Norway's July oil output.
Production hit 1.96M barrels per day, up 17% from June 2025 levels, per NOD data.
Equinor and peers see untapped potential in the Barents Sea for future oil recovery.
Equinor ASA (EQNR - Free Report) , a Norwegian integrated energy company, made significant contributions to Norway’s oil production in the past month. The successful ramp-up of production from the new Johan Castberg field and the Johan Sverdrup field has boosted Norway’s oil output by approximately 17% from June 2025 levels to 1.96 million barrels of oil per day, according to a statement by the Norwegian Offshore Directorate (NOD).
Norway’s oil output in the past month climbed to its highest level in more than a decade. Oil and gas production companies operating on the Norwegian Continental Shelf (NCS) are investing billions of dollars to enhance recovery from the mature fields in the region. The output from the NCS has declined from the levels seen in the 2000s. However, companies such as EQNR, along with other operators like Vår Energi, continue to explore new reserves in the region and expand production wells at existing fields to enhance oil recovery.
Equinor believes that the Barents Sea remains a less explored region within the NCS. Other operators like Vår Energi also believe that the region holds significant untapped potential that can help contribute to Norway’s oil output in the upcoming years. Norway is responsible for about 2% of the global oil production. The country also became one of the largest suppliers of piped gas after the invasion of Ukraine by Russia in 2022.
Antero Midstream generates stable cash flow by providing midstream services under long-term contracts with Antero Resources. The company’s higher dividend yield, compared to its sub-industry peers, makes it an attractive choice for investors who seek consistent returns.
Enbridge is a leading midstream energy firm that operates an extensive crude oil and liquids transportation network spanning 18,085 miles, along with a gas transportation network covering 71,308 miles. The company has a stable business model supported by take-or-pay contracts, protecting it against commodity price volatility.
Galp Energia is a Portuguese energy company engaged in exploration and production activities. The company’s oil exploration efforts have yielded positive results, particularly the Mopane discovery in the Orange Basin, offshore Namibia. After the initial exploration phase, Galp estimated that the Mopane prospect could hold nearly 10 billion barrels of oil. This discovery allows Galp to diversify its global presence, with the potential to become a significant oil producer in the region.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Equinor's New Fields Boost Norway's Oil Production to Record Level
Key Takeaways
Equinor ASA (EQNR - Free Report) , a Norwegian integrated energy company, made significant contributions to Norway’s oil production in the past month. The successful ramp-up of production from the new Johan Castberg field and the Johan Sverdrup field has boosted Norway’s oil output by approximately 17% from June 2025 levels to 1.96 million barrels of oil per day, according to a statement by the Norwegian Offshore Directorate (NOD).
Norway’s oil output in the past month climbed to its highest level in more than a decade. Oil and gas production companies operating on the Norwegian Continental Shelf (NCS) are investing billions of dollars to enhance recovery from the mature fields in the region. The output from the NCS has declined from the levels seen in the 2000s. However, companies such as EQNR, along with other operators like Vår Energi, continue to explore new reserves in the region and expand production wells at existing fields to enhance oil recovery.
Equinor believes that the Barents Sea remains a less explored region within the NCS. Other operators like Vår Energi also believe that the region holds significant untapped potential that can help contribute to Norway’s oil output in the upcoming years. Norway is responsible for about 2% of the global oil production. The country also became one of the largest suppliers of piped gas after the invasion of Ukraine by Russia in 2022.
EQNR’s Zacks Rank & Key Picks
Currently, EQNR carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the energy sector are Antero Midstream Corporation (AM - Free Report) , Enbridge Inc. (ENB - Free Report) and Galp Energia SGPS SA (GLPEY - Free Report) . While Antero Midstream carries a Zacks Rank #1 (Strong Buy), Enbridge and Galp Energia carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks Rank #1 stocks here.
Antero Midstream generates stable cash flow by providing midstream services under long-term contracts with Antero Resources. The company’s higher dividend yield, compared to its sub-industry peers, makes it an attractive choice for investors who seek consistent returns.
Enbridge is a leading midstream energy firm that operates an extensive crude oil and liquids transportation network spanning 18,085 miles, along with a gas transportation network covering 71,308 miles. The company has a stable business model supported by take-or-pay contracts, protecting it against commodity price volatility.
Galp Energia is a Portuguese energy company engaged in exploration and production activities. The company’s oil exploration efforts have yielded positive results, particularly the Mopane discovery in the Orange Basin, offshore Namibia. After the initial exploration phase, Galp estimated that the Mopane prospect could hold nearly 10 billion barrels of oil. This discovery allows Galp to diversify its global presence, with the potential to become a significant oil producer in the region.