Report  |  29 November 2011

Norway regains faith in its oil future

By Reiner Gatermann

Barely a year ago, many voices were heralding the end of the Golden Oil Age for Norway. The country seemed to have less than 10 years of oil production left. But recently the mood has changed. Several large discoveries were made that promise to extend Norway's oil and gas paradise far into the future. Not only that, but the new Minister of Petroleum and Energy, Ola Borten Moe, has effectively indicated that Norway will wholeheartedly join the rush for the riches of the Arctic, environmental concerns notwithstanding.

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