{"id":264699,"date":"2023-06-30T14:45:02","date_gmt":"2023-06-30T12:45:02","guid":{"rendered":"https:\/\/climatescience.press\/?p=264699"},"modified":"2023-06-30T14:45:05","modified_gmt":"2023-06-30T12:45:05","slug":"norway-approves-18-bn-of-oil-gas-projects","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=264699","title":{"rendered":"Norway Approves \u00a318 Bn Of Oil & Gas\u00a0Projects"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From NOT A LOT OF PEOPLE KNOW THAT<\/a><\/p>\n\n\n\n

By Paul Homewood<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

While Gummer throws his toys about, Norway just keeps drilling:<\/mark><\/em><\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

Norway\u2019s energy ministry approved oil and gas projects with a total value of more than 200 billion kroner ($18.5 billion) as Europe\u2019s biggest supplier of natural gas works to keep up production.<\/mark><\/strong><\/em><\/p>\n\n\n\n


The projects, which include Aker BP ASA\u2019s Yggdrasil and Valhall PWP og Fenris in the North Sea, as well as Equinor ASA\u2019s 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.<\/em><\/p>\n\n\n\n


The Nordic nation has become the biggest supplier of natural gas to Europe in the aftermath of Moscow\u2019s 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.<\/em><\/p>\n\n\n\n


\u201cNorway 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,\u201d Petroleum & Energy Minister Terje Aasland said in a statement.<\/em><\/p>\n\n\n\n


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.<\/em><\/p>\n\n\n\n

https:\/\/www.bloomberg.com\/news\/articles\/2023-06-28\/norway-approves-more-than-18-billion-of-oil-and-gas-projects<\/a><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Norway\u2019s energy ministry approved oil and gas projects with a total value of more than 200 billion kroner ($18.5 billion) as Europe\u2019s biggest supplier of natural gas works to keep up production.<\/p>\n","protected":false},"author":121246920,"featured_media":264705,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691818076,691818154,691818610,691818744,691820653,691820651,691820652],"class_list":{"0":"post-264699","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-co2","9":"tag-net-zero","10":"tag-north-sea","11":"tag-norway","12":"tag-norwegian-sea","13":"tag-oil-gas-projects","14":"tag-terje-aasland","16":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/06\/00Norway_Oil_67072.webp?fit=1200%2C800&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-16Rl","jetpack-related-posts":[{"id":395575,"url":"https:\/\/climatescience.press\/?p=395575","url_meta":{"origin":264699,"position":0},"title":"Norway 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biggest North Sea discoveries in a decade","author":"uwe.roland.gross","date":"08\/23\/2025","format":false,"excerpt":"Norway has made one of its biggest North Sea oil discoveries in a decade, heightening scrutiny on Ed Miliband\u2019s decision to end Britain\u2019s fossil fuel exploration in the area.","rel":"","context":"In \"Aker BP\"","block_context":{"text":"Aker 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2021, according to the tax revenue office. Likewise it has revised upwards petroleum revenue by 20%.","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/01\/image-1283.png?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/01\/image-1283.png?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/01\/image-1283.png?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/01\/image-1283.png?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/01\/image-1283.png?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":347164,"url":"https:\/\/climatescience.press\/?p=347164","url_meta":{"origin":264699,"position":3},"title":"Norway 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