Despite announcements last year that it is striving for net-zero carbon emissions by 2050, Norway has now said it will go full steam ahead in its oil ventures over the coming decades. While neighboring Denmark plans to end all North Sea operations by 2050, Norway, Western Europe’s largest oil producer, continues to offer exploration and production contracts to several companies, as it intends to develop its already well-established oil industry further. In a white paper, Minister of Petroleum and Energy, Tina Bru, stated that “The main goal of the government’s petroleum policy – to facilitate profitable production in the oil and gas industry in a long term perspective – is firmly in place.” This week, Norway’s oil majors announced they would be developing four oil and gas discoveries, at a cost of $1.69 billion , to increase output in the country’s existing oil fields. Equinor (0.66%) and Aker BP […]