Watching Government: Norway's Arctic approach

Norway is taking a phased development approach as it tries to create sustainable Arctic offshore oil and gas projects in the Barents Sea, its energy minister said on Nov. 9. The first well was drilled there more than 30 years ago, and the first oil discovery came soon after, Ola Borten Moe said during a presentation at the Brookings Institution. "However, we needed to enter a new millennium before development could start," he added. "During the last decade we have been on a very positive trend," Moe said. "Through a thorough process involving all stakeholders we established broad consensus about establishing the Barents Sea as a new petroleum province on the Norwe...

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