Oil companies led by state-controlled Equinor ASA, the biggest Norwegian producer, have said that gaining access to Lofoten is key if the country wants to maintain production as resources are being depleted. Estimates suggest that 1 billion to 3 billion barrels could be hiding off the archipelago, which is also considered a natural wonder. John Moore Norwegians are starting to question oil, their biggest export and source of wealth (file picture). Labor leader Jonas Gahr Store said Labor will continue to be a supporter of the oil industry and to back the existing tax system. Yet he last week also said that he wants oil companies in Norway to commit to a deadline for making operations completely emissions free, an ambition the country's top oil lobbyist called "very demanding."

Source: Stuff April 09, 2019 09:11 UTC