Norway Approves £18 Bn Of Oil & Gas Projects
By Paul Homewood
While Gummer throws his toys about, Norway just keeps drilling:
Norway’s energy ministry approved oil and gas projects with a total value of more than 200 billion kroner ($18.5 billion) as Europe’s biggest supplier of natural gas works to keep up production.
The projects, which include Aker BP ASA’s Yggdrasil and Valhall PWP og Fenris in the North Sea, as well as Equinor ASA’s Irpa in the Norwegian Sea, cover 19 new developments, build-outs of existing fields and increased oil-recovery projects, the ministry said in a statement on Wednesday.
The Nordic nation has become the biggest supplier of natural gas to Europe in the aftermath of Moscow’s full-scale invasion of Ukraine, and will likely continue to see strong demand as buyers turn their back on Russian energy. A flurry of development plans were submitted at the end of last year in order to benefit from pandemic-era tax breaks introduced to maintain investments as demand sank.
“Norway is the only net exporter of oil and gas in Europe, and by implementing these projects we ensure new production from the latter half of the 2020s, so that we can maintain high Norwegian deliveries,” Petroleum & Energy Minister Terje Aasland said in a statement.
As many as 55 wells are planned at Yggdrasil. That area is estimated to contain about 650 million barrels of oil equivalent, making it one of the biggest development projects on the Norwegian continental shelf in recent years.
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NOT A LOT OF PEOPLE KNOW THAT 
That, at least, will make more available for us to import. Why leave ours under our feet and allow our balance of payments deficit to worsen? We are ruled by fools.
No, you, and most of the rest of europe are run by Build Back Better traitors.
Indeed but it is so utterly depressing our politicians just can’t get it into their thick heads that oil is going to be needed for decades if not ever so why not extract it ourselves under our strict environmental controls rather than leave it to the mercy of some other less bothered country let alone the emissions to haul it around the world. Thats the definition of madness but they have become so blinkered its actually becoming worrying they are now leading like the Pied Piper of Hamelin over the abyss.
Exactly how many loony green Norwegian activists have superglued themselves to the Energy Ministry building so far? Not that either our politicians or our homegrown idiot protestors have the mental capacity to follow Norway’s lead, of course.
The problem with green activists superglueing themselves to a building in protest is that they’re not going to provide any benefit; it takes some planning and execution to make sure that they’re shingled properly to give proper coverage for more insulation, otherwise you get heat leaking out in the gaps between them.
Gamecock would enjoy their superglueing themselves (if that’s really a word).
Gamecock would just leave them there.
“Goodnight, y’all. We’ll be back to check on you in the morning.”
I identify as Norwegian.
If it wasn’t for it’s climate, which we know won’t change that much in my lifetime, I’d emigrate to Norway and leave all the idiots behind to destroy this country as they have been doing for the last 20 years.
Some good news at least.
UK politicos claim they are confident that other countries will follow the UK lead in achieving Net Zero by 2050.
Can anyone remind me of the other countries following the UK lead in heading for the Net Zero cliff fall?
Must be somewhere other than the countries the UK is eagerly importing oil and gas from, so as not to have to tap any new sources of its own.
It is more likely that “other countries” pretending to follow the “climate”, “green” and “net zero” scams are using these as a way of getting money from the insane governments (particularly Europe and also Democrat Presidents of the USA) that invented these things.
>>other countries will follow the UK
Let the rest of Europe, including the UK, be glad that the Norwegians have stepped up their production (extraction) of their finite reserves of oil and gas following the militarily incompetent and stupid, Moscow-based Gangster’s invasion of Ukraine.
But of course, let’s also take Norway’s moralistic injunctions about the “dreadful” consequences of Global warming with due scepticism. Since baboozling the Danes into accepting that the Ekofisk oil fields were “Norwegian”, Norway has become the World’s richest, per capita nation, more or less.
This is because Norway is among the World’s leading exporters of CO2 emissions, even if the CO2 actually emitted is in the countries that buy Norwegian oil and gas.
I am old enough (at 82) to remember how relatively speaking, poor Noway, pre-oil and gas discoveries in the 1960s were!
I gather you are not allowed to read RT.com and / or Sputnikglobe news in your nation? If so I forgive you for your opinions. They are perfectly Politically Correct. If you can look at George Orwell’ essay on” Nationalism” about people with group opinions like yours appear to be……it is on line.
BTW I’m 85!! :-)In my country we can at least get varied reports on Russian and America.
Thanks Mr Emberson! I was able to open https://sputnikglobe.com/ , which is very interesting. But you are right, my Firefox warns me not to open rt.com. I will dig around and find out why.
You clearly seem to object to my description of Putin!
But you offer us no clue as to what single advantage, financial or humanitarian, Russians or Ukrainians are enjoying from the “special military operation” launched on 24th February, 2022!
Kindly list some! I’m sure Mr Homewood’s many other subscribers will be grateful to you!
…and BTW, I am a Brit, born and brought up during my first ten years in China where I lived among the disgusting consequenses of Japan’s war on China. I am currently living in Denmark but have travelled and worked widely all my long life.
‘Norway’s energy ministry approved oil and gas projects with a total value of more than 200 billion kroner ($18.5 billion)’
M’kay. What does that mean? Worth $18.5 billion to whom? And how?
I assume that is the cost of doing the projects. The future sales have likely been estimated. Over the life of the various projects the full amount won’t be known for 50 years.
Time to claim reparations for all their invasions…….
Common sense (and self-interest) rule.
‘Norway is the only net exporter of oil and gas in Europe’.
Actually Scotland is also in this position, being, even today, in the World top ten per-capita producers of both oil and gas. But then, Scotland does not count.
“But then, Scotland does not count.” Have the eduction standards north of the border sunk so low? I blame the modern hair treatments or is that the Barnett Formula?
At least some resurgence of sanity. Approving oil and gas projects needs to happen everywhere.
Apparently EDF is transitioning all customers to monthly payment from quarterly.
No doubt trying to inconvenience/harass customers into getting smart meters rather then being pestered for a meter reading 12 times a year.
In central Washington State, my meter is read monthly from an airplane, and likely a drone in the future. This is mostly a rural area so may not be possible in a dense urban setting.
Monthly is actually better. But in my case (not EDF and also not in the UK), it meant a direct debit instead of waiting for and paying an invoice normally. Unbelievable that some companies refuse to issue monthly invoices without a direct debit.
>>Apparently EDF is transitioning all customers to monthly payment from quarterly
In New Zealand we pay by direct debit too.at least in my city
Well, Goldsmiths gone, so that’s a start.
Quite right Harry. Next Step is to increase our production of oil and gas via new exploration and production licences. Seems bizarre the the suppliers in the UK ( today’s interview on the BBC) should not point out to the UK Govt. that prices should not be based on world markets and but attenuated by our capacity for domestic production.
Bizarre because cheaper fuel might secure a majority in a general election and the vociferous greens be put to the sword — at last. Certainly high fuel prices stoke inflation. Strange that neither the House of C. nor the Bank of E. have not come out on this one.
Most of the reason for high point of sale prices is TAX. Look at the tax element of the actual price at the pump. That tax on an essential item is scandalous everywhere in Europe.
>>Certainly high fuel prices stoke inflation