Norway Approves More Than $18 Billion of Oil and Gas Projects
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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.