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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.

Petroleum Price Board and the norm prices

The Norwegian Ministry of Energy collects information about sale of crude, natural gas liquids (NGLs) and natural gas from the Norwegian shelf. From 1 July 2011 the companies that submit reports to the Ministry shall report their sales through 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.

Questions and answers about the Longship project

Here you find the most usual questions we receive about the fullscale CO₂ carbon capture, transport and storage project Longship.

Speech at G20 energy transition working group

Minister of Energy Terje Aasland delivered this speech at the minister meeting in the G20 energy transition working group in Foz do Iguaçu, Brazil on October 4th 2024.

By Minister of Energy Terje Aasland

A responsible approach to floating offshore wind

The government’s offshore wind initiative continues on a steady course. The government will announce the next project areas for development of offshore wind on the Norwegian continental shelf in 2025 and is proposing 35 billion NOK for a support

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

The Longship project is near completion

The Norwegian government continues its investment in the Longship project and proposes an allocation of 2.1 billion NOK in the state budget for 2025. In 2025, a large part of the full-scale project for CCS in Norway will be completed.

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.

Speech at roundtable meeting in Brazil

Minister of Energy Terje Aasland delivered this speech at a roundtable meeting on carbon management in Foz do Iguaçu, Brazil, on October 3, 2024

By Minister of Energy Terje Aasland

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.

Sørlige Nordsjø II

The area of Sørlige Nordsjø II is located south in the North Sea, close to the border to Denmark, and was opened for renewable offshore energy production on the 12th of June with a capacity of 3000 MW. Ventyr SN II AS won the auction for the

Utsira Nord

Utsira Nord is located outside off the coast of Rogaland, and was opened for offshore renewable energy production on the 12th of June 2020. Because of the sea depth, the area will be built with floating offshore wind.

Applications for permits to store CO2 in the North Sea

The Ministry of Energy has received applications from six companies in connection with the announcement of three areas in the North Sea related to CO2 storage on the Norwegian continental shelf.

APA 2024: 21 companies are applying for new exploration areas

The Ministry of Energy has received applications from 21 companies in connection with the announcement of the license round for the best-known exploration areas on the Norwegian continental shelf.

International cooperation within energy and petroleum research

Participation in international R&D cooperation in the field of energy and petroleum has a high priority and is an important supplement to Norwegian national research. Norway participates primarily in co-operation activities within the EU, through

Energy and petroleum research

The aim of the research and development (R&D) policy within the energy and petroleum sector is to contribute to efficient and sustainable exploitation of Norwegian energy and petroleum resources Developing and implementing new solutions is a key

Offshore wind

Norway has an ambition to allocate areas for 30,000 MW of offshore wind production by 2040. The first areas for renewable energy production at sea on the Norwegian continental shelf were opened in 2020. Since then, the authorities have been working

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

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.