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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

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

Announcement of APA 2025

The Ministry of Energy has announced this year’s licensing round on the Norwegian Continental Shelf - APA 2025. As in previous years, the licensing round follows the standard procedure with a company application deadline in September, and the award

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.

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.

More discoveries needed – Launch of the 26th Licensing Round

New discoveries of oil and gas are crucial to limit the decline in production on the Norwegian continental shelf in the coming years. The Ministry of Energy has today initiated the process for announcing the 26th licensing round on the Norwegian

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 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.

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

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.

The Revised National Budget: High production generates large revenues from the petroleum industry

The world needs large amounts of oil and gas every day. In recent years, revenues from the petroleum sector have been at historically high levels, and the government expects these revenues to remain high in 2025. In the revised national budget, 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.

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.

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.

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.

Announcing one area related to CO2-storage

The Ministry of Energy announces one area in the North Sea for companies to apply for exploration licenses related to CO2-storage.

Strong interest in new exploration areas

The Ministry of Energy has received applications from 20 companies in connection with the announcement of the license round for the best-known exploration areas on the Norwegian continental shelf.

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.

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

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.