Looking for a specific product?

Make a search for products & suppliers, articles & news.

Northern areas could generate up to NOK 55 billion in added value

Opening up more northern areas for the oil industry could create between 13,000 and 37,000 jobs, and from NOK 26-55 billions in added value.

Opening up for oil drilling in places further north in Norway could lead to somewhere between 440 and 1,100 new jobs on average each year, according to a report by Menon Business Economics.

However, it became clear on Friday that the Minister of Oil and Energy, Ola Borten Moe, wants to leave certain areas untouched for now, including Lofoten and Vesterålen.

The ministry surprised his audience on Friday, when he said that he wanted to give the area more time, and that opening up for drilling at this time may harm the fisheries industry. He was met with strong reactions form local fishermen when he traveled up to the area this week, which has affected his decision, Borten Moe explains.

Meanwhile, he is still open toward opening up the Barents Sea for drilling, another controversial area.

The estimated average increase in regional value in the case of an expansion for all areas up north, could have been between NOK 800 million and NOK 1,6 billion, depending on whether it is based on a low or high level of employment.

"It's important to highlight that these are estimates, Borten Moe told NRK before yesterday's meeting. "However, what we know from other areas in Norway is that activities at sea have a significant ripple effect on the mainland," Borten Moe explains.

"An increase in activity on this level will be reflected in all areas of society. Everything from primary activities to travel and the service industry. It's a big boost for growth in the regional and the local community," Borten Moe tells NRK.

Related news

Latest news

Eimskip strengthens its worldwide forwarding services by acquiring the logistics company SHIP-LOG A/S in Denmark

Eimskip has strengthened its position in worldwide logistics services by acquiring 75% of the freight forwarding company SHIP-LOG. 

For Sale Assets from the former BMV LAKSEVÄG YARD in Bergen, Norway!

For Sale Assets from the former BMV LAKSEVÄG YARD in Bergen, Norway! The entire shipbuilding and fabricating facility is closing and more than 500 lots is on sale.

Servogear CPP for Seasight II - Future of the Fjords

We are proud to announce that Servogear has been chosen for the delivery of Servogear...

TechnipFMC Signs Agreement with Pall to Supply Slurry Oil Filtration Systems for Fluid Catalytic Cracking Units

The associated activities will be managed by TechnipFMC Process Technology’s center in Houston,

10 Million kroner for verification funding

The Norwegian Research Council has granted 10 million...

Hilti acquires Oglaend System Group

Oglaend System’s headquarters will remain in Klepp, 

DOF Subsea AS ("DOF Subsea" or the "Company") today announces its intention to launch an initial public offering (the "IPO") of its ordinary shares and to apply for a listing on Oslo Børs

NOT FOR DISTRIBUTION OR RELEASE,

DOF Subsea North America extends charter for Jones Act Compliant vessel Harvey Deep Sea

The Harvey Deep Sea Vessel is a Multi-Purpose DPII Construction,

Untrue rumours about an on-going incident at the Halden Research Reactor in Norway

The Norwegian Radiation Protection Authority has become aware that stories about an ongoing incident involving a “meltdown” at the Norwegian Institute for Energy Technology (IFE) reactor situated in Halden are currently ci...