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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

New Important Step in the Government’s Offshore Wind Initiative: Announcing competition for project areas at Utsira Nord

The Ministry of Energy is announcing a competition for three project areas for floating offshore wind at Utsira Nord. The project aims to facilitate increased renewable power production, technological development, and new growth opportunities for

Seminar for National Oil Companies

Minister of Energy Terje Aasland held this speech at a seminar for national oil companies. The seminar was organized by Rystad Energy, and took place in Oslo.

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

Norway to strengthen cooperation with Brazil to address global challenges

The Norwegian Government is today launching a new strategy to enhance cooperation with Brazil.

Norway and the United Kingdom to strengthen cooperation on clean industry and energy

Today, Norway and the United Kingdom signed a Memorandum of Understanding (MoU) on a Green Industrial Partnership. The agreement marks a new milestone in the longstanding Norwegian-British cooperation on energy and the green transition.

The Minister of Energy's speech at Nordic Electricy Markets Forum

Minister of Energy Terje Aasland held this speech during the opening of the Nordic Electricity Markets Forum in Oslo.

By Minister of Energy Terje Aasland

"Norway Price" to Ensure Predictable and Stable Electricity Prices for Consumers

The government proposes introducing an alternative support scheme for electricity for households, called the "Norway Price." Under the Norway Price support scheme households will be offered a fixed price on electricity at 40 øre per kWh (excluding

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.

Remarks by the Prime Minister at Oslo Energy Forum

'We put clear targets on technological transition, cutting emissions. So, this will be a sector for the future, now when we move towards the low-emission economy. And I believe that the gas to be sold in 10, 20, 30 years ahead has to be the gas with

By Prime Minister Jonas Gahr Støre Scandic Holmenkollen Park

New steps to reduce electricity bills and maintain control over national energy resources

The Norwegian Government has proposed a set of new measures to lower the cost of consumer electricity bills. Under the new plan, consumers will be able to choose between subscribing to the general electricity support scheme or a new fixed price of

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.

Awarding two new licences for CO2 storage on the Norwegian continental shelf

The Ministry of Energy offers two new exploration licences for CO2 storage on the continental shelf. Both licences are located in the North Sea.

Continued international support Is crucial to protect Ukraine’s energy system

On Friday, December 13, Norway participated in the handover of 12 gas piston engines to local authorities in Kharkiv. These engines will benefit 800,000 residents and 47 hospitals this winter and are already in place in the city.

Norway provides new contribution to support Moldova's resilience this winter

Moldova is facing a challenging winter. The country is especially vulnerable due to increased energy prices and uncertainties regarding gas supplies in 2025. Norway is now providing a new contribution of 60 million NOK through the World Bank’s

The future development of the Norwegian continental shelf

'We shall continue to contribute to the green transition. We cannot be complacent. Through low-carbon energy production and new technologies. Overall, we are committed to reach our climate goal. There is no alternative. It's not a question about if,

By Prime Minister Jonas Gahr Støre Opening speech at the Equinor’s Autumn Conference

Address by the Prime Minister on “Sustainable development and energy transition”

'Let me underline our strong endorsement of Mission 300; the World Bank and African Development Bank-led initiative to provide electricity to 300 million people in Africa by 2030', said Prime Minister Jonas Gahr Støre.

By Prime Minister Jonas Gahr Støre G20 Summit, Rio de Janeiro

Call for proposals for the first renewable energy guarantees

The Norwegian Government has established a new state guarantee scheme for renewable energy projects in developing countries, and on 15 November Norad will issue a call for proposals for the first renewable energy guarantees. The Government's

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.

High-powered support for renewable energy projects

Norway is providing NOK 248 million in grant funding to companies seeking to advance the renewable energy sector in developing countries. Grants are awarded during an early project phase in order to decrease risk. ‘This scheme is popular because it