The Norwegian government said it gave its consent for new oil and natural gas operations offshore in the North Sea and Barents Sea, with Statoil the big winner. Statoil was granted consent by the Petroleum Safety Authority of Norway to operate at three different sites this week. The most significant of those three was consent to drill three wells at the Snohvit natural gas field in the Barents Sea. The Norwegian government confirmed a sizable discovery of oil and natural gas at the Snohvit field in the Barents Sea two years ago at 525 billion cubic feet of recoverable natural gas and more than 130 million barrels of recoverable oil […]