The chief task of the Ministry of Petroleum and Energy is to develop a coordinated and coherent energy policy. It is an overriding goal to ensure high value creation through the efficient and environmentally-friendly management of the country’s energy resources. <br>Click "More on Energy" to find news articles, press releases and other articles related to this topic. <br>
The Government’s carbon capture and storage strategy
The Norwegian government has developed a strategy for CCS, which aims at identifying measures to promote technology development and to reduce the costs of CCS. A feasibility study report presented in July 2016 shows that realising a full-scale CCS chain in Norway by 2022 is possible and at lower costs than for projects considered in Norway earlier.
The service and supply industry
The service and supply industry is Norway’s second-largest industry measured in terms of turnover, after the oil and gas industry, and includes more than 1 250 companies. After more than 40 years of petroleum activities, the industry has developed cutting-edge expertise and is internationally competitive
Gas exports from the Norwegian shelf
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.
Related topics and insights
White Paper on Norway's energy policy: Power for Change
Today, the Norwegian government presented a White Paper on energy policy – Power for change – an energy policy towards 2030. The main message is that security of supply, consequences for climate and economic growth must be considered together to secure an efficient and climate friendly energy supply.
Johan Sverdrup phase 2: - A new milestone for Norway's largest industrial project
- This is an important day for Norway. The Sverdrup project is by far Norway's largest industrial project, and is estimated to generate more than NOK 900 billion in future revenues to the state. The development has been of great importance during a tough period for the oil service industry. It provides jobs and ripple effects throughout the country. Phase 1 and 2 combined can create up to 150.000 man-years in the period to 2025, says Søviknes.
The content about Norwegian petroleum activities is updated. The website is also improved to give a better user experience and overview of contents, especially on mobile phones.
The Norwegian energy facts website EnergyfactsNorway.no is now available in English. The site contains facts about the Norwegian energy system, and can be a useful source of information for the energy sector, educational institutions, the public sector, businesses and institutions that cooperate with the energy sector.