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Norway prepares first major oil, gas licensing round in years


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Norway prepares first major oil, gas licensing round in years

Business

Category: Business News

OSLO, Aug 8 (Reuters) – Norway’s energy minister said on Friday he is preparing to launch a new oil and gas licensing round on the Norwegian continental shelf, the first offer of new drilling permits in unexplored frontier regions since 2021.
 
“Norway will be a long-term supplier of oil and gas to Europe, while the Norwegian continental shelf will continue to create value and jobs for our country,” Minister of Energy Terje Aasland of the Labour Party said in a statement.
 

Source: Reuters