Norway has announced plans to continue expanding hydrocarbon extraction in the Arctic, particularly in the Barents Sea, according to a statement from the Norwegian Ministry of Petroleum and Energy. The move positions Norway as a critical energy supplier to Europe at a time when the EU is reassessing its Arctic drilling stance.
The European Commission has initiated an internal review of its previous support for a ban on new oil and gas drilling in Arctic waters, sources familiar with the matter confirmed. The shift reflects the bloc’s urgent need to diversify energy sources away from Russian supplies following the invasion of Ukraine. While the EU had previously advocated for a moratorium on Arctic exploration—citing environmental risks and climate goals—the energy crisis has forced a pragmatic recalibration.
Norway, already Europe’s largest natural gas supplier, argues that its Arctic operations meet the highest environmental and safety standards. “We are committed to exploring our Arctic resources responsibly, in full compliance with international regulations and with strict oversight,” said a spokesperson for the Norwegian Petroleum Directorate.
Environmental groups have strongly opposed the expansion. Greenpeace Norway warned that drilling in the fragile Arctic ecosystem would accelerate climate change and risk catastrophic oil spills. “The EU must not sacrifice the Arctic on the altar of energy security,” said Frode Pleym, head of Greenpeace Norway. “There are cleaner, faster alternatives like renewables and energy efficiency.”
The Arctic region is estimated to hold about 13% of the world’s undiscovered oil and 30% of undiscovered natural gas, according to the U.S. Geological Survey. However, extraction is technically challenging and expensive, and many environmentalists argue that any new fossil fuel development is incompatible with the Paris Agreement targets.
Analysts note that the EU’s review does not guarantee a policy reversal. Member states remain divided: nations like Germany and the Netherlands are wary of backtracking on climate pledges, while Finland and Sweden, which share Arctic borders, are more open to exploration as a short-term security measure.
Norway has already licensed several blocks in the Barents Sea in its latest licensing round, with drilling expected to begin as early as 2027. The outcome of the EU’s review will be closely watched by energy markets and environmental advocates alike.