Norway awards record 75 oil exploration licenses

Norway has awarded a record 75 offshore oil exploration licenses, to Statoil, Aker BP Shell, Total and ConocoPhillips among others. The licenses comprised 45 in the North Sea, 22 in the Norwegian Sea and eight in the Barents Sea

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fact is that Norway needs massive oil discoveries 

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Right. I read that the country will be able to sustain its oil and gas production over the next five years. However, due the reduced exploration and lack of discoveries in the past two years will spell trouble for them after 2023

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Sounds like brokers trying to gain stock after the rise in prices and the  consensus to make higher oil prices after hammering Russia, Venezuela and Middle East with fracking oil.

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 Norway is not all about oil and gas. It has done very well on hydro, and has a great solar multinational as well. 

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