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Minister of Petroleum and Energy's speech at Climit Summit

Minister of Petroleum and Energy Terje Aasland held this speech at the Climit Summit in Larvik on 8th February 2023.

By Minister of Energy Terje Aasland

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

Opening of NEL factory for electrolysers

Minister of Petroleum and Energy Terje Aasland held this speech at the opening of NEL Hydrogen´s factory electrolysers at Herøya on 20th April 2022.

By Minister of Energy Terje Aasland

Norway and the United Kingdom to strengthen cooperation on clean industry and energy

Today, Norway and the United Kingdom signed a Memorandum of Understanding (MoU) on a Green Industrial Partnership. The agreement marks a new milestone in the longstanding Norwegian-British cooperation on energy and the green transition.

Norway and France establish arrangement on cross border CO2 transport and storage

An arrangement between Norway and France paves the way for transporting CO₂ from French industrial emission sources to Norway for safe storage beneath the North Sea seabed. This marks a significant step towards a common European market for carbon

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

German-Norwegian cooperation on hydrogen

Germany and Norway are continuing the cooperation on evaluating an industry-driven and commercial large-scale supply of hydrogen from Norway to Germany. Industrial players are in the driver’s seat for bringing the commercial and technical processes

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.

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.

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

Public consultation of the first licensing round for seabed minerals

The Ministry of Energy has presented a proposal for the announcement of the first licensing round for seabed minerals on the Norwegian continental shelf for public consultation. The proposal sets out the areas where the companies will be able to

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.

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.

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

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 government proposes to increase the allocation for resource and environmental mapping of seabed minerals

The government will facilitate responsible, sustainable and profitable seabed mineral activity on the Norwegian continental shelf. We need more knowledge about the mineral resources, the environmental conditions in the Norwegian deep-sea areas, and

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

A Historic Breakthrough for CO2 Management

Minister of Energy, Terje Aasland opens the world’s first commercial facility for the transport and permanent storage of CO2 beneath the seabed at Øygarden, outside Bergen.

Norway contributes to Ukraine’s energy security

Energy is one of the main focus areas of Norway’s support to Ukraine. Since Russia’s invasion of Ukraine in 2022, Norway has contributed approximately NOK 6.2 billion to the Ukrainian energy sector. In addition, further contributions of NOK 4.5