Petoro has set its sights at reducing its carbon emissions on the Norwegian continental shelf even as it takes aim at fresh drilling plans.

“Ever since the beginning [of the North Sea oil industry] 50 years ago, Norway has led the way when it comes to introducing strict climate and environmental requirements — much of this thanks to the initiative shown by the Norwegian authorities,” Grethe Moen, chief executive of the Norwegian state oil player, told Upstream late last week.