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Norway Awards 57 New Licenses to Maintain Oil and Gas Production

Norway granted 57 licenses to 19 companies to slow production decline, support 200,000 jobs, and fund its $2 trillion sovereign wealth fund, energy minister said.

Summary by Oil Price
Norway on Tuesday offered 57 new production licenses to 19 companies in the annual licensing round for acreage in the best-explored areas on the Norwegian continental shelf, as Western Europe’s biggest oil and gas producer looks to maintain the current high level of output for years to come. Norway holds an annual license round for exploration acreage in the best-known and mature areas on the Norwegian Continental Shelf—the so-called awards in p…

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The Ministry of Energy has today offered shares to 19 oil companies in 57 new production licenses on the Norwegian Continental Shelf. The award is linked to the APA 2025 licensing round.

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quatrostrategies.ca broke the news in on Tuesday, January 13, 2026.
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