A view of the Johan Sverdrup oilfield in the North Sea
Norwegian North Sea proving resilient
Low carbon intensity and sizeable projects such as Johan Castberg coming onstream in late 2024 suggest a robust outlook at least until 2030
Oil opportunities continue to knock for Norway. While Johan Sverdrup may be the star, there is a cast of worthy supporting actors that could even lead to production topping 2m b/d in the next couple of years compared with 1.8m b/d now. With a green approach to its upstream operations, Norway could remain resilient in the face of the energy transition. Alex Hazel, a senior analyst at consultancy Welligence Energy Analytics, noted that Johan Sverdrup has more or less arrested the decline of Norway’s oil production and extended the c.4m boe/d plateau reached in the early 2000s. “Output had been looking shaky until the discovery of Sverdrup,” said Hazel. Sverdrup’s second phase came online at th
Also in this section
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
Africa must dramatically scale energy investment to meet rising demand while cutting emissions. ARDA’s Anibor Kragha argues that a “just, Africa-centric transition”—focused on refining capacity, cleaner fuels, infrastructure and innovative finance—will be essential
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny
