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The Beginning Of The End For Norwegian Oil

Authored by Viktor Katona via OilPrice.com, The demise of the North Sea doesn’t necessarily mean the end of Norway’s petroleum era – far from it. Still, despite significant reserves in the Barents Sea, Norway is about to embark upon a long period of structural decline as its benchmark fields inch closer to depletion and its […]

Norway’s Oil Sector Faces Existential Crisis

Authored by Tsvetana Paraskova via OilPrice.com, Oil companies have recently focused on frontier exploration drilling in the Barents Sea offshore in Norway, neglecting the powerhouse of the Norwegian oil industry, the North Sea. Exploration activity in the North Sea – the most mature area of Western Europe’s biggest oil producer – is at an 11-year […]