Following several previous successful years, Norway once again saw record oil and gas profits in 2022, as well as progressing its renewable energy operations. With energy prices soaring last year, in response to the Russian invasion of Ukraine and the subsequent scarcity of oil and gas in Europe, Norway recorded significant profits throughout the year. The Nordic powerhouse quickly stepped in to provide gas to other European countries that were facing severe shortages, offering an alternative to Russia. Thanks to its favorable position in the international…
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