Norway wants to drill for more oil and gas in the Arctic

Norway’s largest oil and gas companies are revising plans to produce in the Arctic and search for new regional deposits. Against the backdrop of the Ukraine war, the Norwegian government aims to strengthen the country’s role as a major European energy supplier, Bloomberg reports.

The focus is said to be on the Barents Sea. It is believed to contain over 60 percent of the country’s undiscovered oil and gas reserves. In recent years, there have been repeated doubts about whether these reserves could be extracted at all. Russia’s attack on Ukraine changed the position on this, because Norway is now Europe’s guarantor of energy independence.