Norway's Oil Boom vs UK's Decline
Update: 2025-12-24
Description
Norways North Sea oil and gas discoveries surge, with Harbour Energy, Aker BP, Okea, and Equinor striking oil and gas. The region is Norways petroleum industry powerhouse, with sixty-nine producing fields and twelve successful exploratory wells in 2025. In contrast, the UK side faces a recession due to high taxes and a ban on new exploration, leading to a fifteen percent annual contraction and job losses. UK waters produced oil and gas equal to thirty-three million barrels in October, a fraction of two thousand levels and one quarter of Norways monthly output. Norway plans to link new fields to existing pipelines for quick, cheap boosts, while the UKs policies could be reversed to unlock decades of homegrown supply.
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