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Norway's natural gas output averaged 12.2 Bcfpd last month.

Norway's gas output averaged 11.4 Bcfpd last month, maintaining a consistent year-on-year growth in monthly production in 2024.

The bullish case has everything to do with Norway's status as the main supplier of natural gas to the European Union.

'These are the seventh acreages awarded for CO2 storage on the Norwegian continental shelf.'

ConocoPhillips and Aker BP received consent from Norwegian authorities to start production in two separate oil projects in the North Sea.

ConocoPhillips expects to put Tommeliten A onstream this month.

Norway has raised petroleum license area fees by 18.02 percent.

Russia's invasion of Ukraine has pushed energy security to the top of the EU's agenda and Norway has responded to calls to raise output.

Norway is now comfortably Europe's number one gas supplier with more than 25 percent of market share.

Norway has designated two areas in the North Sea for applications for CO2 storage projects.