ShippingWatch

Norwegian oil companies want to invest USD 28 million in the Arctic

Three giant oil fields in the Barents Sea and one in the northern part of the Norwegian Sea will be subject to huge investments from a number of Norwegian oil companies led by Statoil. It could lead to thousands of new jobs.

Photo: Harald Pettersen/Statoil

Norwegian oil companies – led by Statoil and Eni – are set to invest approximately USD 28 billion in the development of oil fields north of the Arctic Circle. The three giant fields Aasta Hansteen, Skrugard/Havis and Goliat have lit a new spark in the Barents Sea and the northern part of the Norwegian Sea.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

CMA CGM expects sharp decline in freight rates

The outlook for the container market looks somewhat more gloomy in the coming time, estimates French CMA CGM. However, the container shipping company still recorded growth on top and bottom lines in third quarter.

Further reading

Related articles

Latest news

See all jobs