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TotalEnergies looks into Norway drillings
The CEO of Total Energies announced that the company is considering implementing new oil and gas exploration operations in Norway, as they plan to appoint a new Exploration Operations Manager in the city of Stavanger. The company emphasizes that the Norwegian continental shelf possesses significant future potential, and Total is seeking opportunities to increase its market share in Norway, especially with the rising European demand for stable and secure energy resources. This trend is particularly notable following escalating geopolitical tensions in other regions and Europe's increased reliance on natural gas from Norway, which has become its largest supplier after Russia's invasion of Ukraine. Currently, Total produces around 220,000 barrels of oil per day in Norway and plans to increase its investments if geological conditions are suitable, amid Europe's desire to diversify energy sources and reduce dependence on unstable regions.
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