That the Parliament notes reports that Norway has awarded 57 new oil and gas production licences to 19 companies in its latest Awards in Predefined Areas (AP) round, which, it understands, reinforces continued exploration in mature parts of the Norwegian continental shelf; understands that the licences, 31 of which are in the Norwegian sector of the North Sea, underline Norway’s intention to keep production going in their three established basins in the North Sea, the Norwegian Sea and the Barents Sea; considers that this shows that Norway is making the most of its resources, supporting high value investment as global energy markets undergo broader transition, in direct contrast, it believes, to the situation in the UK, where the Energy Profits Levy is leading to a premature shutdown of production in Scottish waters; calls on the UK Government to follow Norway's lead and adopt a more practical approach to its energy policy before any more damage is done to the oil and gas sector in the North East, and believes that this is a perfect example of how smaller nations are better suited to steward their own resources when they have the full powers of independence to allow them to do so.