Arctic oil rush abates in Norway after exploration letdown

Most of Norway's undiscovered oil and gas is believed to be in the Barents Sea, but poor results this year have resulted in only 11 companies applying for exploration licenses in the latest round.
Photo: ritzau/Vahid Salemi/AP
Photo: ritzau/Vahid Salemi/AP

Oil exploration in Norway's Arctic seems to have lost some of its appeal after a disappointing drilling campaign.

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