21 companies, including A/S Norske Shell and Equinor, apply for production licenses in Norway's 2024 Barents Sea and Norwegian Sea licensing round.

In Norway's 2024 licensing round, 21 companies, including A/S Norske Shell and Equinor, have applied for production licenses in the Barents Sea and Norwegian Sea. The Norwegian Offshore Directorate (NOD) is reviewing these applications, emphasizing geological understanding and financial capacity. New licenses are expected to be awarded in early 2025, reflecting ongoing confidence in the oil and gas sector amid anticipated production declines in the 2030s.

September 09, 2024
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