financetom
Business
financetom
/
Business
/
Norway oil and gas exploration round attracts bids from 20 firms
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Norway oil and gas exploration round attracts bids from 20 firms
Sep 4, 2025 4:57 AM

OSLO, Sept 4 (Reuters) - Norway's energy ministry said

on Thursday it has received applications from 20 oil and gas

companies seeking exploration acreage in the government's annual

mature-areas (APA) licensing round.

This year's round will contain more acreage in the Arctic

Barents Sea, part of Norway's strategy to extend the life of its

oil industry, the government has said.

The number of applicants was in line with last year's

APA round, when acreage was awarded to 20 companies.

Equinor ( EQNR ), Aker BP ( AKRBF ), ConocoPhillips ( COP )

and TotalEnergies were among the companies

applying.

"It is gratifying to see that there is still great

interest and that companies have faith in the opportunities that

lie in further exploration," Energy Minister Terje Aasland said

in a statement.

"This will enable Norway to continue to be a stable and

predictable supplier of oil and gas to Europe," he added.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Pipeline operator Kinder Morgan posts higher second-quarter profit
Pipeline operator Kinder Morgan posts higher second-quarter profit
Jul 16, 2025
(Reuters) -Kinder Morgan ( KMI ) posted a 24% rise in second-quarter profit on Wednesday, helped by higher volumes of natural gas transported through its pipelines. Pipeline operators such as Kinder Morgan ( KMI ) are banking on a rise in demand for natural gas from LNG export facilities as well as for electricity associated with AI operations, cryptocurrency mining...
Aerospace firm AAR Corp Q4 adjusted profit beats expectations
Aerospace firm AAR Corp Q4 adjusted profit beats expectations
Jul 16, 2025
Overview * AAR Corp ( AIR ) fiscal Q4 sales rise 15% to $755 mln, beating expectations, per LSEG data * Adjusted EPS for fiscal Q4 beats analyst estimates, per LSEG data * Co completed integration of Product Support acquisition, divested Landing Gear Overhaul business Outlook * Company expects to gain market share in Parts Supply in fiscal 2026. *...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Starwood Property to buy Fundamental Income Properties for about $2.2 billion
Starwood Property to buy Fundamental Income Properties for about $2.2 billion
Jul 16, 2025
July 16 (Reuters) - Starwood Property Trust ( STWD ) said on Wednesday it would acquire Fundamental Income Properties for about $2.2 billion. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved