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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

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.

An Energy Policy for Employment, Transition and security in times of uncertainty

On 8 April, the Norwegian Government presented its supplementary white paper on energy policy. The white paper shows how the Russian military invasion of Ukraine has affected world energy markets and underlines the importance of secure and stable

Agreement for petroleum activities and model production licenses

Legislation requires companies to obtain licences for petroleum activities.

“Fact 2008 - Energy and Water Resources in Norway”

The Ministry of Petroleum and Energy publishes an English translation of this facts sheet on energy and water resources in Norway every other year. Fact 2008 describes stationary energy supply and central aspects of the management of water resources.

Facts 2014 – All you need to know about Norwegian petroleum activities

In cooperation with the Norwegian Petroleum Directorate, The Ministry of Petroleum and Energy has published a new edition of its annual book on the Norwegian petroleum sector, Facts 2014. The publication gives a comprehensive overview of the

Meld. St. 20 (2014–2015) - Update of the integrated management plan for the Barents Sea–Lofoten area including an update of the delimitation of the marginal ice zone

Meld. St. 20 (2014–2015) Report to the Storting (white paper)

Meld. St. 35 (2016–2017) - Update of the integrated management plan for the Norwegian Sea

CLIMIT - Research, development and demonstration of CO2 capture and storage technology

The CLIMIT programme is Norway’s national programme for research, development and demonstration of CO2 capture and storage technology (CCS). It covers the entire chain from long-term, competence-building basic research to projects that demonstrate

Facts 2013 – All you need to know about Norwegian petroleum activities

In cooperation with the Norwegian Petroleum Directorate, The Ministry of Petroleum and Energy have published a new edition of the annual book on Norwegian petroleum industry, (petroleum) Facts 2013. The publication gives a comprehensive overview of

Economy

The oil and gas sector plays a vital role in the Norwegian economy.

Production and exports

Norway is an important supplier of oil and gas to the global market, and almost all oil and gas produced on the Norwegian shelf is exported.

Framework

The overall objective of Norway’s petroleum policy is to provide a framework for the profitable production of oil and gas in the long term.

Developments and operations

In the 50 years since Norwegian petroleum activities began, about 45 percent of the estimated total recoverable resources on the continental shelf have been produced and sold from a total of 108 fields.

State-ownership in the energy sector

In the government’s view, private ownership should be the main rule in Norwegian business and industry. Direct state ownership requires a special justification.

APA 2025: 57 new production licenses awarded

The Norwegian Ministry of Energy offers 57 new production licenses to 19 companies on the Norwegian continental shelf in the APA 2025 licensing round.