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APA 2024: 53 new production licenses awarded

The Norwegian Ministry of Energy offers 53 new production licenses on the Norwegian continental shelf in the APA 2024 licensing round.

Petroleum Price Board and the norm prices

The Norwegian Ministry of Energy collects information about sale of crude, natural gas liquids (NGLs) and natural gas from the Norwegian shelf. From 1 July 2011 the companies that submit reports to the Ministry shall report their sales through the

The State acquiers increased ownership in the gas transportation system

The Ministry of Energy has entered into purchase agreements of interests in key parts of the gas infrastructure with 7 different companies.

Large revenues from the petroleum industry in 2024

The state's net cash flow from petroleum activities is estimated to be 680 billion NOK in 2024. These revenues go into the Norwegian Government Pension Fund Global and are expected to provide approximately 20 billion NOK into future budgets.

Norway and the Age of Energy

'We are transitioning out of oil, out of gas, out of fossil, and now into a new chapter. I emphasize transitioning, because this is complex; when energy sources shift, power shifts and politics shifts', said Prime Minister Jonas Gahr Støre.

By Prime Minister Jonas Gahr Støre Columbia University, World Leaders Forum

APA 2024: 21 companies are applying for new exploration areas

The Ministry of Energy has received applications from 21 companies in connection with the announcement of the license round for the best-known exploration areas on the Norwegian continental shelf.

International cooperation within energy and petroleum research

Participation in international R&D cooperation in the field of energy and petroleum has a high priority and is an important supplement to Norwegian national research. Norway participates primarily in co-operation activities within the EU, through

Energy and petroleum research

The aim of the research and development (R&D) policy within the energy and petroleum sector is to contribute to efficient and sustainable exploitation of Norwegian energy and petroleum resources Developing and implementing new solutions is a key

Meld. St. 31 (2023–2024) - Long-term Perspectives on the Norwegian Economy 2024

Chapter 1

Awarding four new licenses for CO2 storage on the Norwegian continental shelf

Today, the Norwegian Ministry of Energy announces offers for four new exploration licenses related to CO2 storage on the Norwegian continental shelf. All the licenses are in the North Sea.

Announcement of areas through APA 2024

The Norwegian Ministry of Energy is today announcing this year’s licensing round on the Norwegian continental shelf - APA 2024. The annual rounds of awards in predefined areas (APA) give oil companies the opportunity to gain access to attractive

Joint Declaration on cooperation to secure critical subsea infrastructure

Norway and five other North Sea countries have signed a joint declaration on cooperation to protect energy and telecommunications infrastructure in the North Sea.

Announcement of areas related to CO2 storage

The Ministry of Energy announces two areas in the North Sea for applications related to CO2 injection and storage on the Norwegian continental shelf.

The Prime Minister's opening address at Oslo Energy Forum

'When we succeed in carbon capture and storage, it may have major impact far beyond Norway. If we can do our offshore activity with 50 percent reduction of emissions, the technology can have an impact far beyond us', said Prime Minister Støre.

By Prime Minister Jonas Gahr Støre

62 new production licenses offered in the APA 2023 licensing round

The Norwegian Ministry of Energy offers 62 new production licenses on the Norwegian continental shelf in the APA 2023 licensing round. Last year, 47 licenses were awarded.

Ministry of Energy

The principal responsibility of the Ministry of Energy is to facilitate a coordinated and comprehensive energy policy. An overall goal is to ensure high value creation through efficient, safe, and environmentally friendly management of energy

PETROCENTER

The Petroleum research centers (PETROCENTER) are established to solve defined challenges for the utilization of petroleum resources. The centers work with challenges of great national importance and receive public funding for a maximum period of

Energi21 – National strategy for research and development of new energy technology

Energi21 is the Norwegian strategy for research, development and commercialisation of new climate friendly energy technologies. Established in 2008 it focuses on enhanced value creation and efficient use of resources in the sector by putting efforts

NOU 2023: 25 - The transition to low emissions

Climate policy choices towards 2050

The Minister of Petroleum and Energy's speech at the Energy Conference between Norway and the EU

Minister of Petroleum and Energy Terje Aasland held this speech at the Energy Conference between Norway and the European Union in Brussels on 24th October 2023.

By Minister of Energy Terje Aasland