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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

Speech at the Autumn Conference 2025

Minister of Energy Terje Aasland held this keynote speech at the Autumn Conference 2025 hosted by Equinor, the International Energy Agency (IEA) and the Norwegian Ministry of Energy in Oslo on 25th of November 2025.

By Minister of Energy Terje Aasland

The National Budget 2026: High production and large revenues from the petroleum industry

The state's net cash flow from petroleum activities is estimated to be 664 billion NOK in 2025. The estimate for 2026 is approximately 521 billion NOK.

Strong interest in new exploration areas

The Ministry of Energy has received applications from 20 companies in connection with the announcement of the license round for the best-known exploration areas on the Norwegian continental shelf.

More discoveries needed – Launch of the 26th Licensing Round

New discoveries of oil and gas are crucial to limit the decline in production on the Norwegian continental shelf in the coming years. The Ministry of Energy has today initiated the process for announcing the 26th licensing round on the Norwegian

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

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

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.

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.

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.

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

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.