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Profits from natural resources will be better distributed

Energy producers and the aquaculture industry make billions of kroner on our common resources. The Government is now proposing that more of the value created should go back to society.

High-price contribution on wind and hydropower

The Government is proposing to introduce a high-price contribution, with the rate set at 23 per cent of the electricity price in excess of NOK 0.70 per kWh. The contribution is designed as an excise duty payable to the treasury. The tax will be

Resource rent tax on onshore wind energy

The government proposes the introduction of resource rent tax on onshore wind energy as from 2023. The proposal will be referred for public consultation before the end of the year, and involves the taxation of resource rent at an effective rate of

Adjustment of local and county authorities’ general grant

The Government proposes a one-year deduction in the general grant to local and county authorities with income from licence power. The proposal applies to local and county authorities in the areas with the highest electricity prices.

Increased resource rent tax on hydropower

The Government is proposing to increase the effective resource rent tax rate on hydropower from 37 per cent to 45 per cent, with effect from the 2022 fiscal year.

Increased preparedness on the Norwegian Continental Shelf

Today, the Norwegian Government has decided to heighten the emergency preparedness in relation to infrastructure, onshore and offshore installations on the Norwegian Continental Shelf.

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

Prime Minister Støre joins efforts to increase renewable energy in developing countries

Prime Minister Jonas Gahr Støre has agreed to join the Global Energy Alliance for People and Planet. The Alliance aims to provide more people in poor countries with access to electricity through the development of renewable energy solutions to

Norwegian offshore wind development in New York

Prime Minister Jonas Gahr Støre highlighted Norway’s offshore wind power initiative in connection with Climate Week NYC. Equinor will be providing nearly two million US homes with electricity generated by offshore wind, making it the largest

Prime Minister Støre met Pelosi and McConnell at US Congress

On Monday evening, Prime Minister Jonas Gahr Støre met the Speaker of the House, Democrat Nancy Pelosi, and the Senate Minority Leader, Republican Mitch McConnell.

APA 2022: Applicant for production licenses on the Norwegian Continental Shelf

The Ministry of Petroleum and Energy has received applications from 26 companies in connection with the announcement of APA 2022.

Further high-level phone call to discuss energy crisis in Europe

On Monday, Prime Minister Jonas Gahr Støre and President of the European Commission Ursula von der Leyen had another telephone conversation about the energy crisis affecting Europe.

Opening speech at ONS 2022: The North Sea - the new frontier of energy transition?

Minister of Petroleum and Energy Terje Aasland held this opening speech at the Offshore Northern Seas (ONS) 2022 conference on 30th August 2022 in Stavanger, Norway.

By Minister of Energy Terje Aasland

Norway to use NOK 2 billion to help procure natural gas for Ukraine

Russia’s war on Ukraine is having a dramatic impact on energy security and the economic situation in Ukraine. The Norwegian Government is proposing to provide NOK 2 billion to help ensure that Ukrainians have access to natural gas in the coming

Prime minister Støre's speech at ONS 2022

Norway will remain a stable, predictable, and not least, a trustworthy European energy partner.

By Prime Minister Jonas Gahr Støre

Adjusted production permits for several fields on the Norwegian shelf

The Ministry of Petroleum and Energy has approved adjusted production permits for several fields on the Norwegian Continental Shelf (NCS). Total sale of gas from NCS is expected at 122 billion standard cubic meters (Sm3) in 2022.

Increased energy cooperation between the EU and Norway

The EU and Norway will cooperate even closer in the field of energy. This is clear following today’s meeting between the Norwegian Minister of Petroleum and Energy, Terje Aasland, and Commission Vice-President Frans Timmermans.

How can Europe and Norway cooperate to scale up the CCS market?

Minister of Petroleum and Energy held this keynote speech at the Northern Lights Summit in Brussels on 23th June 2022.

By Minister of Energy Terje Aasland

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.

Three applications for permits to store CO2 in the North Sea

The Norwegian Ministry of Petroleum and Energy has received applications from three companies that want to be allocated areas for future storage of CO2 on the Norwegian continental shelf.