Norway Grants 57 Oil, Gas Production Permits in Mature Areas.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Lundgren, Kari 3 of 3

Abstract

The article focuses on Norway's recent awarding of 57 exploration licenses for offshore acreage, which is slightly more than the previous year, along with a proposal for 70 new blocks to be available next year. The licenses were granted to 19 companies, with 31 in the North Sea, 21 in the Norwegian Sea, and 5 in the Barents Sea. Energy Ministry Terje Aasland emphasized the need for new projects to counteract an anticipated decline in production in the coming years. This licensing round is part of an annual process aimed at optimizing exploration in the most well-known areas of the Norwegian continental shelf. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/01, pN.PAG
  • Document Type:Article
  • Subject Area:Environmental Sciences
  • Publication Date:2026
  • Accession Number:190915398
  • Copyright Statement:Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.