From Nasdaq: 2025-05-26 06:00:00

1. Equinor ASA (EQNR) secures a drilling permit for an exploration well in the Norwegian North Sea, signaling ongoing momentum in offshore energy activity. The permit allows drilling of wellbore 35/11-31 S within production license 090, with operations set to begin in June 2025.
2. EQNR awarded COSL Drilling Europe a two-year contract for the COSL Innovator rig starting in Q2 2025, with options for a three-year extension, indicating EQNR’s long-term offshore drilling plans. The license, held by EQNR (45%), Vår Energi, and Inpex Idemitsu Norge, is valid through 2040.
3. Norway’s support for expanded exploration and production is highlighted by EQNR’s recently awarded drilling permit for wellbore 7220/5-4, to be drilled using the COSL Prospector rig. Norway’s government announced additional acreage for the upcoming APA 2025 licensing round, reinforcing the nation’s long-term energy strategy.
4. Investors interested in the energy sector may consider stocks like Subsea 7 S.A. (SUBCY), Energy Transfer LP (ET), and RPC Inc. (RES) with strong rankings. Subsea 7 specializes in building underwater oil and gas fields, while Energy Transfer focuses on expanding operations to meet growing energy demands. RPC generates stable revenues through oilfield services.
5. RPC, Inc. is committed to returning value to shareholders through dividends and share buybacks, with a new Tier IV dual-fuel fleet boosting profits. The company’s strong revenue generation and commitment to shareholder value make it a solid choice for investors in the energy sector looking for stable returns.

Read more at Nasdaq: Equinor Secures Permit for North Sea Well Using COSL Rig