According to Rystad Energy, Norway and the UK have overcome recent challenges and are on course to achieve significant milestones due to notable increases in investments, exploration success and production.
Greenhouse gas emissions from UK offshore oil and gas production were cut for the third consecutive year in 2022 as the industry continued its drive to reach net zero by 2050.
The Yggdrasil and Valhall PWP-Fenris offshore development project which are to be built on the Norwegian Continental Shelf has entered into the construction phase.