Search

APA 2023 submitted for consultation: A continued responsible and long-term management of the oil and gas resources

The Norwegian Ministry of Petroleum and Energy has today sent a proposal for the announcement of the APA 2023 licensing round (Awards in Predefined Areas) on public consultation.

Closer cooperation between Norway and Germany to develop green industry

Norway and Germany are expanding cooperation to increase production of renewable energy and to develop green industry. The two countries have issued two joint declarations outlining the next steps in their cooperation in the areas of hydrogen,

Norway has introduced a price cap on Russian oil

Norway has introduced a price cap of USD 60 per barrel for crude oil originating in or exported from Russia, and has incorporated this into the sanctions legislation. This corresponds to the price cap adopted by the EU and the G7 countries. The oil

Storing CO2 under the North Sea Basin

A key solution for combating climate change

This report represents the first deliverable of the North Sea Basin Task Force, which Norway and the UK established in November 2005 to work together on issues surrounding the transport and storage of CO2 beneath the North Sea. The North Sea

Facts 2014 – All you need to know about Norwegian petroleum activities

In cooperation with the Norwegian Petroleum Directorate, The Ministry of Petroleum and Energy has published a new edition of its annual book on the Norwegian petroleum sector, Facts 2014. The publication gives a comprehensive overview of the

Agreement for petroleum activities and model production licenses

Legislation requires companies to obtain licences for petroleum activities.

“Fact 2008 - Energy and Water Resources in Norway”

The Ministry of Petroleum and Energy publishes an English translation of this facts sheet on energy and water resources in Norway every other year. Fact 2008 describes stationary energy supply and central aspects of the management of water resources.

Three applications for permits to store CO2 in the North Sea

The Norwegian Ministry of Petroleum and Energy has received applications from three companies that want to be allocated areas for future storage of CO2 on the Norwegian continental shelf.

Increased resource rent tax on hydropower

The Government is proposing to increase the effective resource rent tax rate on hydropower from 37 per cent to 45 per cent, with effect from the 2022 fiscal year.

Further high-level phone call to discuss energy crisis in Europe

On Monday, Prime Minister Jonas Gahr Støre and President of the European Commission Ursula von der Leyen had another telephone conversation about the energy crisis affecting Europe.

CLIMIT - Research, development and demonstration of CO2 capture and storage technology

The CLIMIT programme is Norway’s national programme for research, development and demonstration of CO2 capture and storage technology (CCS). It covers the entire chain from long-term, competence-building basic research to projects that demonstrate

Facts 2013 – All you need to know about Norwegian petroleum activities

In cooperation with the Norwegian Petroleum Directorate, The Ministry of Petroleum and Energy have published a new edition of the annual book on Norwegian petroleum industry, (petroleum) Facts 2013. The publication gives a comprehensive overview of

Economy

The oil and gas sector plays a vital role in the Norwegian economy.

Production and exports

Norway is an important supplier of oil and gas to the global market, and almost all oil and gas produced on the Norwegian shelf is exported.

Framework

The overall objective of Norway’s petroleum policy is to provide a framework for the profitable production of oil and gas in the long term.

State-ownership in the energy sector

In the government’s view, private ownership should be the main rule in Norwegian business and industry. Direct state ownership requires a special justification.

Energy and petroleum research

Research and development (R&D) on energy and petroleum is one of the Norwegian government's priorities. The government's vision is to make Norway a global leader in developing green energy.

Seabed Minerals

It is anticipated that Norway has significant seabed mineral resources. If it turns out that these deposits are profitable and can be extracted in a sustainable and responsible manner, such activities could contribute to value creation and

Petroleum Price Board

Petroleum Price Board Secretariat The Section for analysis and markets in the Ministry of Energy is nominated as secretariat for the Petroleum Price Board. Inquiries to the Petroleum Price Board will be directed to the secretariat. Contacts in the

The Barents Sea South

The 23rd licensing round, which was announced in January 2015, includes 54 blocks in the Barents Sea, many of them in the previously disputed area west of the delimitation line between Norway and Russia.