NORW - Norway's Fiscal And Regulatory Stability Continues To Drive Upstream Investment Amid Market And Energy Transition Pressures
- Over the past decade, Norway has remained an attractive destination for E&P investment, despite maintaining a relatively high government take of oil and gas revenue during the oil market downturns in 2014-16 and 2020.
- Consensus among Norway's mainstream political parties regarding the critical role of the hydrocarbon industry in the national economy reduces the risk of significant oil policy shifts.
- The Norwegian government has played a benign role in advancing the country's climate goals in the oil and gas sector through its collaboration with E&P companies and the provision of state financial support to facilitate the development of low-carbon projects.
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Norway's Fiscal And Regulatory Stability Continues To Drive Upstream Investment Amid Market And Energy Transition Pressures