IPFS News Link • Norway
What stranded asset? Norway opens up 3 old, gas and oil fields and 70 new exploration sites
• https://joannenova.com.au, By Jo NovaWhile Australia and the UK pat themselves on the back, telling themselves that no one is interested in fossil fuels, the market price tells another story. Norway, meanwhile, is going gangbusters on project development.
The EcoWorriers are not happy. These gas and oil fields were closed down in 1998 but there is still twenty years of gas and oil left to dig out. Production is due to start in 2028.
The end of fossil fuels was always a myth The Blob wanted us to believe.
Norwegian government attacked over decision to reopen North Sea gasfields
— By Miranda Bryant and Jillian Ambrose, The Guardian
Approval for exploration in 70 new areas prompts fierce backlash from fossil fuel opponents
Amid sharp price rises in oil and gas since the US and Israel's attack on Iran in February, Oslo has also given its approval for oil and gas companies to explore in 70 new locations in the North Sea, Barents Sea and Norwegian Sea.
The decision by the Labour-run government goes against the advice of the country's environment agency and has infuriated left-leaning parties.
"We live in troubled times," the prime minister, Jonas Gahr Støre, said as he announced the decision, which would "create great value for the community, lay the foundation for good jobs throughout the country, ensure our common welfare and contribute to Europe's energy security and safety".
There are at least five different projects and areas that are suddenly in action:
Norway's state oil company, Equinor, hopes to develop the Rosebank oilfield, while Shell is waiting for a government decision on its Jackdaw gas project.
This will of course, help rescue Europe from it's green fantasy:
Norway Just Switched on Another Gas Lifeline for Europe
— By Jan-Thore Bergsagel –
Equinor has fast-tracked the long-idled Eirin gas field into production, boosting European supply via existing infrastructure at a time when energy security still dominates policy.
That backdrop explains why Eirin, holding expected recoverable resources of about 27.6 million barrels of oil equivalent, mainly gas, suddenly carries strategic weight.




