You are here

Big Oil's dream of US$65b of crude fades away as Norway opts to defend natural wonder

Greenpeace activists holding banners during a protest next to Statoil's Songa Enabler oil rig in the Barents sea, Norway, on July 21.


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...

Market voices on: