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The Ministry

The principal responsibility of the Ministry of Energy is to achieve a coordinated and integrated energy policy. A primary objective is to ensure high value creation through efficient and environment-friendly management of Norway’s energy resources.

PETROMAKS2 – large program for petroleum research

PETROMAKS2 succeeds the PETROMAKS program, which was completed in 2012. The program is administered by the Research Council of Norway and includes both strategic basic research and competence development as well as applied research and technology

ENERGIX - Large program for energy research

The ENERGIX program was established in 2013 and supports research and development on renewable energy, energy effienciency, energy system and energy policy. ENERGIX will contribute to achieving energy policy goals as well as increased value creation

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

Demo 2000

Demo 2000 is a research program that aims to help reduce costs and risks for the industry and commercialize new technology through support for piloting and demonstration.

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.

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

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.

Opening of the Baltic Pipe line

Minister of Petroleum and Energy Terje Aasland held this speech when he participated at the opening of the gas pipeline Baltic Pipe that connects Poland with Denmark and the Norwegian upstream gas pipeline network in Northwestern Europe. The opening

By Minister of Energy Terje Aasland

Concluding remarks at Equinor's Autumn Conference 2022

Minister of Petroleum and Energy, Terje Aasland, held the concluding remarks at Equinor's Autumn Conference on 29th November 2022 in Oslo, Norway.

By Minister of Energy Terje Aasland

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.

Announcement of exploration area through APA 2022

The Norwegian Ministry of Petroleum and Energy is today announcing this year's licensing round for the APA area - APA 2022.

Meld. St. 14 (2020–2021) - Long-term Perspectives on the Norwegian Economy 2021

Chapter 1

Enabling high Norwegian Gas Production

The Ministry of Petroleum and Energy has approved applications for revised production permits for the Oseberg, Troll and Heidrun fields.

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.

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.

Oslo Energy Forum 2023

Minister of Petroleum and Energy Terje Aasland spoke at the Oslo Energy Forum on the 15th of february 2023.

By Minister of Energy Terje Aasland

APA 2023: Applicant for production licenses on the Norwegian Continental Shelf

The Ministry of Petroleum and Energy has received applications from 25 companies in connection with the announcement of APA 2023.

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

Chapter 1

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.