Norway’s oil production is at its highest level since 2009, but the country is finding new resources too slowly to sustain current output. In the Norwegian Offshore Directorate’s most pessimistic scenario, production falls to just 5% of today’s level by 2050.

Norway’s oil production is at its highest level since 2009, but the country is finding new resources too slowly to sustain current output. In the Norwegian Offshore Directorate’s…

Norway is prioritizing oil and gas developments near existing infrastructure, but sustaining production will eventually require more frontier exploration amid growing security…