EnergyWatch

Report points to "vast volumes" of oil in Norway

Norway has produced oil and gas for 50 years, but the reserves are not even halfway depleted, notes the company's petroleum directorate in its latest resource report. Discoveries have been made for volumes totaling more than 4.4 billion barrels, according to the report.

Photo: /ritzau/Magnus Holm

There are still "vast volumes" of oil and gas left on the Norwegian Shelf in the North Sea.

A new report from the Norwegian Petroleum Directorate (Oljedirektoratet) notes that discoveries have been made on the Norwegian Shelf totaling around 4.4 billion barrels of oil.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Siemens Gamesa to squeeze GE's flagship out of US market

The ongoing patent lawsuit between GE and Siemens Gamesa stands to greatly backfire for the US giant, which could force players such as Ørsted to find new offshore wind turbines. The power company itself claims this risks leading to ”potentially irreversible” delays on a gigawatt-scale project.

Norway plans to control hydro to safeguard power supply

With the country’s hydroelectric reservoirs now at low levels after a dry spring, Norwegian policymakers consider reducing electricity export to Europe, but any move to do so, barring emergency, must adhere to single energy market regulations, says interest group.

Further reading

Related articles

Latest News

See all jobs