https://newsletter.en.creamermedia.com
Copper|Energy|Engineering|Exploration|Gas|Marine|Mining|Oil And Gas|Oil-and-gas|Service|Solar|Turbines|Solutions|Environmental|Turbines
Copper|Energy|Engineering|Exploration|Gas|Marine|Mining|Oil And Gas|Oil-and-gas|Service|Solar|Turbines|Solutions|Environmental|Turbines
copper|energy|engineering|exploration|gas|marine|mining|oil-and-gas|oilandgas|service|solar|turbines-company|solutions|environmental|turbines-person

Norway's Aker BP may explore for seabed minerals, CEO says

20th September 2023

By: Reuters

  

Font size: - +

OSLO - Norway's second-largest listed oil and gas company, Aker BP, said it would consider applying for licenses to mine minerals from the seabed if parliament approves a plan for such exploration.

Norway could become the first country to start commercial deep sea mining if parliament gives the go-ahead to explore the remote Mid-Atlantic ridge for minerals such as copper, cobalt and rare earth elements, in a vote expected early next year.

"If parliament opens (oceans for seabed mining), we will consider applying for licenses," Aker BP CEO Karl Johnny Hersvik told Reuters on the sidelines of an energy conference in Oslo on Wednesday.

Aker BP has a group of about 10 people working on seabed minerals.

"We are currently monitoring the situation. We still need to understand whether it can be economic, and how to explore," Hersvik added.

Norway's government says deep sea mining could help Europe reduce its dependence on China for the supply of critical minerals needed to build electric vehicle batteries, wind turbines and solar panels.

The move is controversial with conservationists, who warn that mining the ocean floor would threaten the biodiversity of vital ecosystems.

Mineral-rich massive sulphide deposits have been formed by so-called hydrothermal vents along mid-ocean ridges, where unique species are also found living near active vents.

"If there's a 'go' for seabed minerals, we will definitely not target the active hydrothermal wells, because of potential environmental impact," Hersvik said.

So far, several Norwegian seabed mineral startups, such as Green Minerals and Loke Marine Minerals, have said they would seek permits to explore Norwegian waters.

Loke, established in 2019, has attracted Anglo-French engineering firm Technip and shipping company Wilhelmsen, as investors.

But Aker BP would be by far the biggest player, if it goes ahead. It is also a part of the larger Aker group AKER.OL, which includes oil service company Aker Solutions.

"We are looking at seabed minerals as part of the whole group," Aker Solutions CEO Kjetel Digre told Reuters.

Edited by Reuters

Comments

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
Weir
Weir

Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (21/02/2025)
21st February 2025 By: Martin Creamer
Magazine round up | 21 February 2025
Magazine round up | 21 February 2025
21st February 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.061 0.144s - 173pq - 2rq
Subscribe Now