With the Norwegian Hydroelectric Company evaluating OrmenLange oil field in the Norwegian Sea, the company announced new oil discoveries in this area, which is part of a natural gas development project with a total value of $2.6-3.3 billion.
An oil layer with a thickness of 4m was discovered in Well 6305/8- 1, which marked the first discovery of a deepwater oil block in the Norwegian Sea. The Norwegian Petroleum Committee said in a report that it is too early to say what the discovery of oil will mean to the region, but it believes that the Norwegian Sea has great potential to find oil reserves.
Norway is the sixth largest hydropower country in the world. Norway's hydropower industry is to adapt to the change of water supply of power plants in nature and adjust power output according to seasonal demand changes. Some reservoirs can store excess water in wet years, so as to use it in years with less precipitation, so as to facilitate coordination with countries that use thermal energy to generate electricity. The electricity trade between Norway and other countries is conducted according to Nordell and Nordpur, that is, the Nordic electricity exchange agreement.
Hyderabad Agriculture became independent in 2004 and established yara internation, which was listed on the Oslo Stock Exchange.