Norway Climbs Further on Oil and Gas

Thomas Edwards | 3rd September 2025 | Brussels, International, Lobbying, Trade Associations
StatfjordA(Jarvin1982)

Norway is ramping up investment in oil and gas even amid green energy expansion. Output continues to exceed expectations, with new licensing rounds and record field development. Political parties differ on the strategy, but the petroleum sector remains central to the economy and Europe’s energy supply.

Norway is placing its bets firmly on oil and gas, even as green energy ambitions simmer in the background. As Europe scrambles to replace Russian supplies, Oslo insists that its petroleum sector remains indispensable. Record investments are expected to peak this year before tapering off, but the government is pushing ahead with new licensing rounds into frontier areas of the Barents and Norwegian Seas to sustain momentum. Energy Minister Terje Aasland has signalled that the Norwegian continental shelf will continue to deliver jobs, state revenue and stability for Europe, positioning the country as the reliable supplier it has become.  Output continues to exceed expectations. In July, oil production surpassed forecasts by nearly 4 per cent, driven by the ramp‑up of a major new oilfield in the Barents Sea. Equally, gas production edged above estimates, despite seasonal maintenance work, confirming Norway’s status as Europe’s leading gas exporter.  State‑owned operators and global firms a...

Subscribe to The Mace

Join the member community shaping British politics and stay ahead of what's really happening in the world of politics and public affairs, with expert analysis, breaking news, and insider insights from Westminster and Brussels. The Mace is the leading news source and resource for the government affairs industry, offering required reading and lobby intelligence for professionals.

To see what you are missing out on by not subscribing to The Mace, click here to download our full membership info-pack. This includes having no paywall on op-ed content or profiles/interviews, allowing professional profiles to be read with maximum impact and visibility by government, special advisers, MPs, peers, civil servants, and policy and political decision-makers.



Industry reacts: Teacher pay rise in England 

Lucy Carrier-Pilkington | September 17, 2026

The government has agreed to fully fund a forthcoming pay increase for teachers in England in a sudden U-turn.

Burnham went to Kyiv. Now comes the harder journey to Washington

Andriy Dovbenko | September 16, 2026

The Prime Minister’s first foreign visit was a welcome act of solidarity. But for Ukraine, British friendship will be judged by whether it can help unlock the air

Why AfD’s election win in Saxony-Anhalt has upended the political consensus in Germany

James Jeffrey | September 14, 2026

After walking through Saxony, James Jeffrey is not surprised by the AfD’s dramatic election win in Germany.

Leader in Public Affairs: Ros Morgan, Chief Executive, Heart of London Business Alliance, “Build a strong, proud and open culture where everyone has a voice”

Mace | September 8, 2026

After two decades spent in advocacy on behalf of business, Ros reveals what parts of the industry she believes needs reform.

Burnham vows support for Ukraine despite threats from Russia 

Ella Beadman | August 27, 2026

Andy Burnham has promised to keep the pressure on Russia despite Moscow’s “outrageous threats”, on his first official overseas visit to Ukraine as Prime Minister.

What Ukrainians really need is Burnham in Washington, defence expert says

Mace | August 27, 2026

Andriy Dovbenko is a Ukrainian-born, London-based entrepreneur who works extensively across the UK and Ukrainian defence.

Brooks Newmark on winning the Ukrainian Order of Merit: “There is a huge amount of goodwill here in Ukraine for the UK” 

Lucy Carrier-Pilkington | August 26, 2026

A former politician who held a number of senior roles in the UK Parliament over a decade, Brooks is now Founder and Chairman of Trypillian, a British-Ukrainian defence

The Mace Questionnaire: Marshall Manson, CEO, FleishmanHillard UK – “Politics is seeping into business through every crack” 

Mace Magazine | August 12, 2026

The innovative digital comms veteran Marshall Manson, now CEO of FleishmanHillard UK, reveals how he misses The West Wing, was introduced to Westminster by Gyles Brandeth's political diaries

The Strategist: Michael Prescott, Managing Director, Hanover – “Better to risk being the most overdressed person in the room than the scruffiest” 

Mace | August 11, 2026

From political editor of The Sunday Times to bringing down two BBC chiefs, Michael Prescott reflects on his distinguished career as a journalist and now leading UK corporate

Industry Reacts: Lucy Powell and education reform

Lucy Carrier-Pilkington | August 6, 2026

The Burnham administration has unveiled an ambitious new vision for Britain's school system. Mace asks leaders across the education sector for their verdict.