Offshore Oil Gas News

According to the Norwegian Offshore Directorate's projected scenarios leading up to 2050, the difference between high and low production of oil and gas can amount to nearly an entire government pension fund.Norway still has extensive oil and gas resources on the Norwegian continental shelf (NCS). This can provide a basis for high levels of production, export and value creation for the broader society for many years to come, according to the new resource report. However, this potential future will not simply materialize on its own.