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"Norway Price" to Ensure Predictable and Stable Electricity Prices for Consumers

The government proposes introducing an alternative support scheme for electricity for households, called the "Norway Price." Under the Norway Price support scheme households will be offered a fixed price on electricity at 40 øre per kWh (excluding

Longship goes into operation – A Global Breakthrough for Carbon Capture and Storage

Norway is taking a historic step in the fight against climate change as the world’s first full-scale value chain for carbon capture and storage (CCS) is now being launched. The Longship project marks a milestone in reducing industrial emissions -

Norway and Switzerland sign Agreement on cooperation on Carbon Capture, Utilisation and Storage and Carbon Dioxide Removal

The bilateral agreement, signed during the Longship Launch event in Oslo, will strengthen cross-border cooperation on carbon capture and storage (CCS) and carbon dioxide removal (CDR).

CO₂ storage capacity for Northern Lights to be expanded

The Ministry of Energy has today approved the development plan for the expansion of Northern Lights. Phase 2 of Northern Lights involves a significant increase in developed CO₂ injection capacity on the Norwegian Continental Shelf.

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.

Agreement between Sør-Fosen Sijte and Fosen Vind

The mediation between the Sør-Fosen Sijte reindeer herding district and Fosen Vind has resulted in the parties entering into an amicable agreement.

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.

Strengthened cooperation between Norway and Switzerland on CCS and CDR

Today, Norway and Switzerland signed a Declaration of Intent to strengthen cooperation on carbon capture and storage (CCS) and carbon dioxide removals between our two countries.

Announcing three areas related  to CO2-storage

The Ministry of Energy announces three areas in the North Sea for companies to apply for exploration licences related to CO2-storage on the Norwegian continental shelf.

Five applicants qualified for the offshore wind auction for Sørlige Nordsjø II

After a thorough review, five applicants are approved for the auction round for Sørlige Nordsjø II. The auction opens Monday 18th of March at 9 AM GMT +1/Norwegian time zone.

Press Invitation to the Launch of the Longship Project

Norway’s Largest Climate Initiative Ready for Operation - featuring the world’s first carbon capture facility in the cement industry, Brevik CCS.

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

Chapter 1

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.

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

Norway’s Brazil strategy: Partnership for a common future

Brazil is Norway’s most important partner in Latin America. More than 230 Norwegian companies are present in Brazil. The country is the most important investment market for Norwegian businesses outside of Europe and the USA.

Major initiative to promote offshore wind power

The Government has announced plans to implement phase one of wind power production in the area of Sørlige Nordsjø II. The electricity produced from these wind farms will be transmitted via subsea cable to the Norwegian mainland. The goal is to

Three new offshore wind areas considered for opening and tender in 2025

The Government has instructed the Norwegian Water Resources and Energy Directorate (NVE) to commence strategic impact assessments of three offshore wind areas that may be suitable for opening and tender in 2025.

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.

Closer cooperation between Norway and Germany to develop green industry

Norway and Germany are expanding cooperation to increase production of renewable energy and to develop green industry. The two countries have issued two joint declarations outlining the next steps in their cooperation in the areas of hydrogen,

Thorium as an energy source

- Opportunities for Norway

An investigation into the possibility and risk of utilizing thorium as a source of energy.