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Public consultation of the first licensing round for seabed minerals

The Ministry of Energy has presented a proposal for the announcement of the first licensing round for seabed minerals on the Norwegian continental shelf for public consultation. The proposal sets out the areas where the companies will be able to

Strengthening the energy bonds between Moldova and Norway

During the state visit from Moldova, an energy roundtable was held at Norad. At the event, an MOU was signed by the energy ministers of Moldova and Norway on closer cooperation between the two countries. During the roundtable discussions several

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.

Target to double climate finance exceeded for second year in a row

Norway’s climate finance amounted to NOK 16.5 billion in 2023. This is NOK 2.5 billion more than the target pledged in 2021 to double our climate finance.

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 government proposes to increase the allocation for resource and environmental mapping of seabed minerals

The government will facilitate responsible, sustainable and profitable seabed mineral activity on the Norwegian continental shelf. We need more knowledge about the mineral resources, the environmental conditions in the Norwegian deep-sea areas, and

Norway to provide guarantees of NOK 2 billion for renewable energy in the Amazon and Central America

Norway is joining forces with Sweden and Denmark to provide guarantees totalling approximately NOK 2 billion to support renewable energy development in the Amazon and Central America. Together, the guarantees will unlock close to NOK 8 billion for

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

A Historic Breakthrough for CO2 Management

Minister of Energy, Terje Aasland opens the world’s first commercial facility for the transport and permanent storage of CO2 beneath the seabed at Øygarden, outside Bergen.

Norwegian support to strengthen Moldova’s resilience

The Norwegian support to Moldova announced during the state visit of Moldovan President Maja Sandu to Norway in the spring has now been distributed. Approximately NOK 275 million of the total NOK 350 million in funding announced by Prime Minister

Northern Lights Gathering

Minister of Petroleum and Energy Marte Mjøs Persen held this speech at the digital Northern Lights gathering on 16th December 2021.

By Minister of Petroleum and Energy Marte Mjøs Persen

Important step for Offshore Wind

The Norwegian Government has great ambitions for the development of offshore wind power in Norway and aims to tender the first phase of Sørlige Nordsjø II and Utsira Nord by the end of the first quarter of 2023.

German Vise-Chancellor visits Norway in January

Germanys Vise-Chancellor Robert Habeck visits Norway 5th and 6th of January 2023. Habeck will amongst other discuss Norwegian-German industry- and energy collaboration with the Norwegian Prime minister and other ministers, attend The Confederation

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.

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

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.

Government launches electricity support package worth billions

The government has today announced a temporary scheme that will help ordinary people across Norway to cope with their electricity bills this winter, with energy prices recently reaching new record highs. The scheme will provide support to households

The National Budget 2024: The Government will introduce a resource rent tax on onshore wind power from 2024

The Government is today presenting a modified bill for the introduction of a resource rent tax on onshore wind power from 2024. The proposal will ensure that a larger share of the value added in the wind power industry will accrue to society as a