Norway is proposing to open parts of its continental shelf for commercial seabed mineral activities.
As part of the opening process, the Norwegian Petroleum Directorate has conducted a resource assessment for the designated area.
The assessment revealed significant expected undiscovered mineral resources on the Norwegian continental shelf, some of which may be extractable.
It also acknowledged the current lack of knowledge regarding extraction technologies and development solutions to evaluate potential ore deposits and estimate extraction rates. ■
Norway’s production experienced significant growth in 2022
The International Monetary Fund (IMF) released its yearly assessment of Norway’s economy and economic policies, praising the Nordic country’s robust economic performance. Norway’s production experienced significant growth in 2022. It is expected to expand further [Read More]
Norway becomes Germany’s top gas supplier
Norway replaced Russia as Germany’s biggest gas supplier in 2022, accounting for 33 percent of its total gas imports. As a result of the Russia-Ukraine conflict, only 22 percent of Germany’s imported gas came from [Read More]
