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COPENHAGEN, Denmark (AP) — Norway’s minority center-left government and two large opposition parties made a deal Tuesday to open the Arctic Ocean to seabed mineral exploration despite warnings by environmental groups that it would threaten the biodiversity of the vulnerable ecosystems in the area. Norway said in June it wanted to open parts of the Norwegian continental shelf for commercial deep sea mining in line with the country’s strategy to seek new economic opportunities and reduce its reliance on oil and gas. “This is a disaster for the sea,” said Frode Pleym, head of the local chapter of Greenpeace. According to the Norwegian Petroleum Directorate, there are sulphides and manganese crusts containing metals and minerals that are crucial for making batteries, wind turbines, PCs and mobile phones. The planned area is located southwest of the Arctic island of Svalbard.

Persons: —, ”, Frode Pleym, ” Martin Sveinssønn Melvær, –, Center Party –, NTB Organizations: Greenpeace, “, Norwegian Bellona, Labor, Center Party, Progress Party, Norwegian, Norwegian Petroleum Directorate, Ministry of Petroleum, Energy Locations: COPENHAGEN, Denmark, Norway, Norwegian, “ Norway, Hoeyre, Svalbard

☆ Norway Opens Door for Deep-Sea Mining of Copper and Other Critical Materials
▼ + stars: | 2023-06-20 | by ( Yusuf Khan | ) www.wsj.com time to read: +4 min

The target crusts contain copper, zinc and cobalt, as well as some rare-earth elements, according to the Norwegian Petroleum Directorate. A seabed nodule obtained during a Norwegian Petroleum Directorate expedition to the Mohns Ridge in the Norwegian Sea in 2020. Currently, deep-sea mining in international waters isn’t yet legal, but it is expected to become so this year. “To forge ahead and unleash deep-sea mining in the Arctic would be criminal. Companies including Maersk and Lockheed Martin have also been divesting their deep-sea mining investments.

Persons: ”, Terje Aasland, Aasland, Nag, Louisa Casson, Lockheed Martin, Yusuf Khan Organizations: Sustainable Business, Clarion, Minerals, Norwegian Petroleum Directorate, Norway’s, Petroleum, Energy, NPD, International, Companies, Mining, Greenpeace International, Maersk, Lockheed Locations: Norwegian, Europe, Zone, Mexico, Hawaii, Norway, Jamaica, France, Germany, Clarion, yusuf.khan

☆ Norway Opens Door For Deep-Sea Mining of Copper and Other Critical Materials
▼ + stars: | 2023-06-20 | by ( Yusuf Khan | ) www.wsj.com time to read: +4 min

☆ Norway faces backlash from campaigners for 'reckless' pursuit of Arctic oil and gas
▼ + stars: | 2023-05-22 | by ( Sam Meredith | ) www.cnbc.com time to read: +6 min

Norway oil and gas giant Equinor and Vår Energi, one of the country's largest exploration and production companies, confirmed to CNBC that the minister recently issued this call. Frode Pleym Head of Greenpeace NorwayIt is estimated that roughly two-thirds of the country's undiscovered oil resources lies off the country's northern coast in the Arctic's Barents Sea. The alternative to oil and gas is not more oil and gas, it is more energy efficiency and renewable energy." A spokesperson for Equinor told CNBC that the company hoped to see "new attractive acreage in the Barents Sea." Separately, a mid-April study from gas infrastructure operator Gassco said building a pipeline to transport gas produced in the Arctic Barents Sea could be worth re-examining due to the country stepping up its gas exports to Europe.

☆ Norway discovers trove of metals, minerals and rare earths on its seabed
▼ + stars: | 2023-01-30 | by ( Reuters Laura Paddison | Laura Paddison | ) edition.cnn.com time to read: +3 min

A Norwegian study has found a “substantial” amount of metals and minerals ranging from copper to rare earths on the seabed of its extended continental shelf, authorities said on Friday in their first official estimates. “Of the metals found on the seabed in the study area, magnesium, niobium, cobalt and rare earth minerals are found on the European Commission’s list of critical minerals,” the Norwegian Petroleum Directorate (NPD), which conducted the study, said in a statement. About 24 million tonnes of magnesium and 3.1 million tonnes of cobalt are estimated to be in manganese crusts grown on bedrock over millions of years, as well as 1.7 million tonnes of cerium, a rare earth element used in alloys. The manganese crusts are also estimated to contain other rare earth metals, such as neodymium, yttrium and dysprosium. “Costly, rare minerals such as neodymium and dysprosium are extremely important for magnets in wind turbines and the engines in electric vehicles,” the NPD said.

☆ Norway finds 'substantial' mineral resources on its seabed
▼ + stars: | 2023-01-27 | by ( Nerijus Adomaitis | ) www.reuters.com time to read: +2 min

The resources estimate, covering remote areas in the Norwegian Sea and Greenland Sea, showed there were 38 million tonnes of copper, almost twice the volume mined globally each year, and 45 million tonnes of zinc accumulated in polymetallic sulphides. About 24 million tonnes of magnesium and 3.1 million tonnes of cobalt are estimated to be in manganese crusts grown on bedrock over millions of years, as well as 1.7 million tonnes of cerium, a rare earth metal used in alloys. The manganese crusts are also estimated to contain other rare earth metals, such as neodymium, yttrium and dysprosium. "Costly, rare minerals such as neodymium and dysprosium are extremely important for magnets in wind turbines and the engines in electric vehicles", the NPD said. ENVIRONMENTAL IMPACTEnvironmental groups have called on Norway to postpone its seabed mineral exploration until more studies are conducted to understand the organisms living on the seabed and the impact of mining on them.

☆ Norway expects jump in oil output and gas near record highs
▼ + stars: | 2023-01-09 | by ( Nerijus Adomaitis | ) www.reuters.com time to read: +2 min

OSLO, Jan 9 (Reuters) - Norway's oil output is expected to rise by 6.9% this year as the huge Johan Sverdrup field ramps up production while gas volumes are predicted to remain unchanged near record highs, the Norwegian Petroleum Directorate (NPD) said on Monday. Production of crude oil and other petroleum liquids such as condensate is likely to increase to 2.02 million barrels per day (bpd) in 2023 from 1.89 million last year, NPD's forecasts show. The combined volume of oil and gas is expected to rise to 4.12 million barrels of oil equivalent per day (boed) in 2023, up from a preliminary 3.99 million boed last year, the NPD's forecasts show. The country's gas output is expected to stay virtually unchanged in 2023 at 122 billion cubic metres (bcm), or 2.1 million barrels of oil equivalent per day, the NPD said, in line with a recent government projection. ($1 = 9.9232 Norwegian crowns)Reporting by Nerijus Adomaitis Editing by Terje Solsvik and David GoodmanOur Standards: The Thomson Reuters Trust Principles.

☆ Eni's Vaar Energi makes Arctic gas discovery
▼ + stars: | 2022-12-23 | by ( ) www.reuters.com time to read: +1 min

OSLO, Dec 23 (Reuters) - Norway's Vaar Energi (VAR.OL), majority owned by Italy's Eni (ENI.MI), said on Friday it had made a gas discovery near the Goliat field in the Arctic Barents Sea, supporting the group's long-term plans to expand in the area. "This is the largest discovery on the (Norwegian continental) shelf this year and comes as a Christmas gift," Vaar exploration manager Alessandro Barberis said in a statement. Preliminary estimates place the size of the gas discovery between 57 million and 132 million barrels of recoverable oil equivalents, or 9 million to 21 million standard cubic metres. "The discovery could serve as another step towards realising additional gas infrastructure in the Barents Sea in the future," said Rune Oldervoll, Vaar's head of production and exploration. "We have a long-term growth strategy for the Barents Sea and will continue to chase new opportunities for value creation."

☆ Norway's November oil and gas output lag forecast
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: 1 min

OSLO, Dec 20 (Reuters) - Norway's crude oil and gas output fell in November from the previous month, lagging official forecasts, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Tuesday. Crude oil output fell to 1.74 million barrels per day (bpd) in November, 8.7% below a forecast of 1.91 million bpd and down from 1.75 million bpd in October, the NPD said. Natural gas production in November averaged 346.4 million cubic metres (mcm) per day, 1.8% below a forecast of 352.8 mcm per day and down from 349.4 mcm per day in October. Reporting by Nerijus Adomaitis, editing by Terje Solsvik and Nora BuliOur Standards: The Thomson Reuters Trust Principles.

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