Henceforth (and perhaps forever more) Australia to relinquish the moniker "The lucky Country" to Norway.
From OilPrice, March 18:
Norway’s Equinor Makes Oil Discovery Near Huge Arctic Field
Equinor has made an oil discovery in a wildcat well in a prospect close to the giant Johan Castberg field in the Barents Sea, the Norwegian Offshore Directorate said on Wednesday.
Equinor, as the operator, and its partners in the Polynya Tubåen prospect, Var Energi and Petoro, estimate to have found between 14 and 24 million barrels of recoverable oil equivalent, and are now considering whether they could tie the discovery back to the Johan Castberg field.
In 2025, Equinor started up the Johan Castberg project, which last summer hit full capacity of 220,000 barrels per day (bpd) of crude oil production.
Johan Castberg will produce crude for 30 years, boost Norway’s oil exports, and bolster the role of Western Europe’s biggest oil and gas producer as a reliable and long-term supplier of energy, Equinor said....
....MUCH MORE
Earlier today:
