Statoil, Norway’s biggest energy company, appears to be at a turning point. As nation’s newly elected conservative government considers reducing Norway’s 67 percent stake in Statoil, the company is increasingly focused on diversifying geographically. Bloomberg reported this month that Statoil, which already has staked a claim in North American shale, is considering more overseas acquisitions.
Still, Statoil believes the nation’s oil and gas output can remain at current levels until 2025 and possibly beyond, even as it tightens spending amid rising costs.
Check out the photos above from a tour last week aboard the Statoil-operated Oseberg A offshore gas platform located 140 kilometers (87 miles) from Bergen, Norway, on Friday, Jan. 17, 2014.