Big Oil's dream of US$65b of crude fades away as Norway opts to defend natural wonder
Oslo
NORWAY'S oil industry has been salivating for years over the Arctic Lofoten islands, which could hold billions of barrels of crude. But 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 environment-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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Shell in talks to sell Malaysia fuel stations to Saudi Aramco: sources
Indonesia's PGN, Freeport sign gas supply deal for smelter
Maersk says Red Sea disruption will cut capacity by 15-20% in Q2
China’s Sinopec in talks for gas offtake, stake in Canada’s Cedar LNG
Coffee variety is priciest since 1970s in blow to instant brews
Gold dips as US dollar edges higher, investors seek more Fed cues