More content from the ministry

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.

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.

Norway and the Age of Energy

'We are transitioning out of oil, out of gas, out of fossil, and now into a new chapter. I emphasize transitioning, because this is complex; when energy sources shift, power shifts and politics shifts', said Prime Minister Jonas Gahr Støre.

By Prime Minister Jonas Gahr Støre Columbia University, World Leaders Forum

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.

Meld. St. 31 (2023–2024) - Long-term Perspectives on the Norwegian Economy 2024

Chapter 1

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 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

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.

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.

The Prime Minister's opening address at Oslo Energy Forum

'When we succeed in carbon capture and storage, it may have major impact far beyond Norway. If we can do our offshore activity with 50 percent reduction of emissions, the technology can have an impact far beyond us', said Prime Minister Støre.

By Prime Minister Jonas Gahr Støre

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.

NOU 2023: 25 - The transition to low emissions

Climate policy choices towards 2050

The Minister of Petroleum and Energy's speech at the Energy Conference between Norway and the EU

Minister of Petroleum and Energy Terje Aasland held this speech at the Energy Conference between Norway and the European Union in Brussels on 24th October 2023.

By Minister of Energy Terje Aasland

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.

Ownership in the upstream gas pipeline network

The overall objective of Norway’s petroleum policy is to facilitate profitable production of oil and gas in a long-term perspective. The upstream gas pipeline network, and its regulation, plays a key role in achieving this fundamental objective.

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

Norway has introduced a price cap on Russian petroleum products

Norway has introduced a price cap on petroleum products from Russia and has incorporated this into the sanctions legislation.

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.

APA 2022: Great interest in further exploration activity on the Norwegian shelf

The Ministry of Petroleum and Energy offers 47 new production licenses on the Norwegian continental shelf in the licensing round APA 2022.

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