Norway Awards 57 New Licenses to Maintain Oil and Gas Production

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Why This Matters

Norway has awarded 57 new production licenses to 19 companies to maintain oil and gas production in the best-explored areas of the Norwegian continental shelf.

Market Impact

Market impact analysis based on bullish sentiment with 80% confidence.

Sentiment
Bullish
AI Confidence
80%
Time Horizon
Short Term

Article Context

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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 predefined areas (APA) round. After more than 50 years of exploration activity, the APA rounds…

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Original article published by OilPrice.com on January 13, 2026.
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