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In September 2014 and in the face of mounting uncertainty over Russian gas supplies continuing to be available because of the then conflict over Ukraine,
Lackluster results diminish interest in Norwayâs latest Arctic oil lease round By Lars Erik Taraldsen on 2/28/2021 OSLO (Bloomberg) --Interest in oil exploration in the Norwegian Arctic has dropped dramatically following years of disappointing drilling results. Only seven oil companies applied for new acreage in the Barents Sea in the latest licensing round, down from 26 in a similar round in 2013. The continued decline will be a blow to the government, which had offered 125 new blocks in eight frontier regions of the Barents. Norway's Petroleum and Energy...
By Lars Erik Taraldsen (Bloomberg) — Interest in oil exploration in the Norwegian Arctic has dropped dramatically following years of disappointing drilling results. Only seven oil companies applied for new acreage in the Barents Sea in the latest licensing round, down from 26 in a similar round in 2013. The continued decline will be a blow to the government, which had offered 125 new blocks in eight frontier regions of the Barents. “The number of companies is relatively low, but it’s not a big surprise,” Oil and Energy Minister Tina Bru said in an email. There’ll still be “increa...