Norway Awards 53 Licenses to Boost Its Continental Shelf Energy Sector

The APA 2024 cycle marks a turning point for Norwegian energy, with 53 licenses distributed among 20 companies. These opportunities aim to maintain competitiveness and innovation in a key European sector.

Share:

Comprehensive energy news coverage, updated nonstop

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

7-Day Pass

Up to 50 articles accessible for 7 days, with no automatic renewal

3 $/week*

FREE ACCOUNT

3 articles/month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 30,000 articles • 150+ analyses per week

The Norwegian government has allocated 53 exploration licenses as part of the Awards in Predefined Areas (APA) 2024, an annual cycle aimed at strengthening exploration in mature zones of the Norwegian continental shelf. This program is crucial for extending the lifespan of existing energy infrastructures and ensuring energy security in Europe.

Distribution of Licenses
Of the 53 licenses awarded, 33 are located in the North Sea, 19 in the Norwegian Sea, and one in the Barents Sea. A total of 20 companies, including leaders like Equinor and Aker BP, will share these opportunities. Furthermore, 13 operators have been designated, a key element in conducting exploratory projects in the awarded zones.

Main Beneficiaries of the Licenses

Equinor Energy AS stands out as the most represented company with 27 licenses, including seven as an operator, reaffirming its dominant role in exploration and resource management in Norway. DNO Norge AS follows with 13 licenses, demonstrating an ambitious strategy centered on strategic discoveries.

Aker BP, on the other hand, received 19 licenses, including 16 as an operator, consolidating its presence in key areas such as the Frigg field west of Yggdrasil. Other players like Harbour Energy Norge AS and TotalEnergies EP Norge AS have also obtained a significant share of licenses, diversifying the market landscape.

A National Energy Strategy

Norwegian authorities emphasize the importance of these allocations in maintaining employment, generating economic benefits, and ensuring a gradual energy transition. “We must ensure the stability of energy supply while encouraging new discoveries,” declared Energy Minister Terje Aasland during the official announcement.

The APA program, established in 2003, relies on a predictable and regular approach, providing companies with opportunities to explore areas already equipped with significant infrastructure, such as pipelines and production facilities.

Challenges and Perspectives for New Projects

Although these new licenses present an opportunity for companies, they are granted in a context of growing challenges, including the maturity of the Norwegian continental shelf and the pressure to reduce greenhouse gas emissions. Beneficiary companies, such as INPEX Idemitsu Norge AS (8 licenses) or OKEA ASA (8 licenses), will need to combine technological innovation with responsible resource management.

The initiative also highlights Norway’s central role in Europe’s energy supply at a time when Europe is striving to diversify its energy sources while strengthening energy security.

The US Senate has confirmed two new commissioners to the Federal Energy Regulatory Commission, creating a Republican majority that could reshape the regulatory approach to national energy infrastructure.
The federal government launches a CAD3mn call for proposals to fund Indigenous participation in energy and infrastructure projects related to critical minerals.
Opportunities are emerging for African countries to move from extraction to industrial manufacturing in energy technology value chains, as the 2025 G20 discussions highlight these issues.
According to the International Energy Agency (IEA), global renewable power capacity could more than double by 2030, driven by the rise of solar photovoltaics despite supply chain pressures and evolving policy frameworks.
Algeria plans to allocate $60 billion to energy projects by 2029, primarily targeting upstream oil and gas, while developing petrochemicals, renewables and unconventional resources.
China set a record for clean technology exports in August, driven by surging sales of electric vehicles and batteries, with more than half of the growth coming from non-OECD markets.
A night-time attack on Belgorod’s power grid left thousands without electricity, according to Russian local authorities, despite partial service restoration the following morning.
The French Academy of Sciences calls for a global ban on solar radiation modification, citing major risks to climate stability and the world economy.
The halt of US federal services disrupts the entire decision-making chain for energy and mining projects, with growing risks of administrative delays and missing critical data.
Facing a potential federal government shutdown, multiple US energy agencies are preparing to suspend services and furlough thousands of employees.
A report reveals the economic impact of renewable energy losses in Chile, indicating that a 1% drop in curtailments could generate $15mn in annual savings.
Faced with growing threats to its infrastructure, Denmark raises its energy alert level in response to a series of unidentified drone flyovers and ongoing geopolitical tensions.
The Prime Minister dismissed rumours of a moratorium on renewables, as the upcoming energy roadmap triggers tensions within the sector.
Kuwait plans to develop 14.05 GW of new power capacity by 2031 to meet growing demand and reduce scheduled outages, driven by extreme temperatures and maintenance delays.
The partnership with the World Bank-funded Pro Energia+ programme aims to expand electricity access in Mozambique by targeting rural communities through a results-based financing mechanism.
The European Commission strengthens ACER’s funding through a new fee structure applied to reporting entities, aimed at supporting increased surveillance of wholesale energy market transactions.
France’s Court of Auditors is urging clarity on EDF’s financing structure, as the public utility confronts a €460bn investment programme through 2040 to support its new nuclear reactor rollout.
The U.S. Department of Energy will return more than $13bn in unspent funds originally allocated to climate initiatives, in line with the Trump administration’s new budget policy.
Under pressure from Washington, the International Energy Agency reintroduces a pro-fossil scenario in its report, marking a shift in its direction amid rising tensions with the Trump administration.
Southeast Asia, facing rapid electricity consumption growth, could tap up to 20 terawatts of solar and wind potential to strengthen energy security.

All the latest energy news, all the time

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

7 DAY PASS

Up to 50 items can be consulted for 7 days,
without automatic renewal

3$/week*

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.