Skip to content
Subscriber Only

Big Oil's Dream of $65 Billion Hidden Off Norway Is Fading Away

  • More Norwegians are turning against expanding oil exploration
  • Oil industry wants more areas to sustain era of production
The Lofoten archipelago

The Lofoten archipelago

Photographer: Oliver Morin/AFP via Getty Images
Updated on

The oil industry has been salivating for years over Norway’s Arctic Lofoten islands, which could hold billions of barrels of crude. It will likely have to keep dreaming.

The general election next month is unlikely to lift a deadlock that’s keeping a ban on drilling off the environmentally sensitive archipelago as more and more Norwegians are turning their backs on the industry that helped make the country one of the world’s richest.