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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

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.

Strengthening the energy bonds between Moldova and Norway

During the state visit from Moldova, an energy roundtable was held at Norad. At the event, an MOU was signed by the energy ministers of Moldova and Norway on closer cooperation between the two countries. During the roundtable discussions several

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.

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.

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

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

Press conference with the Minister of Petroleum and Energy and EU Commissioner for energy

Minister of Petroleum and Energy Terje Aasland and EU Commissioner for energy, Kadri Simson, will meet the press in connection with Simson's visit to Norway on Thursday 27th October.

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.

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.

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.

Meld. St. 33 (2019–2020) - Longship – Carbon capture and storage

Meld. St. 33 (2019–2020) Report to the Storting (white paper)

Offshore wind: Planning of the offshore grid and criterias for Utsira Nord

The government has decided to give Statnett the responsibility for the overall planning of the offshore grid. The government will use qualitative criterias in the allocation round of Utsira Nord.

Announcement of new CO2 storage area

The Norwegian Ministry of Petroleum and Energy announces a new area for CO2 storage in the North Sea. The announcement comes due to interest from the industry and is in accordance with CO2 storage regulations.

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.

"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