Norway Plans Biggest Frontier Oil and Gas Licensing Round in Years

Norway has started to plan its 26th oil and gas licensing round in little explored frontier areas as it looks to boost exploration and resources to stem an expected decline in production from the early 2030s.  Norway’s Energy Ministry has launched work on announcing the new licensing round for the unexplored areas soon, Energy Minister Terje Aasland has said. “Norway wants to 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,” Aasland…