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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

Norwegian offshore wind development in New York

Prime Minister Jonas Gahr Støre highlighted Norway’s offshore wind power initiative in connection with Climate Week NYC. Equinor will be providing nearly two million US homes with electricity generated by offshore wind, making it the largest

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.

Meld. St. 20 (2019–2020) - Norway’s integrated ocean management plans — Barents Sea–Lofoten area; the Norwegian Sea; and the North Sea and Skagerrak

Report to the Storting (white paper)

CCS cooperation with UK waste disposal industry

CO2 emissions from London’s household rubbish will be captured and stored beneath the North Sea in the carbon storage facility of the Norwegian Longship CCS project. Cory, one of the UK’s leading waste management and recycling companies, will store

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.

Call for proposals for the first renewable energy guarantees

The Norwegian Government has established a new state guarantee scheme for renewable energy projects in developing countries, and on 15 November Norad will issue a call for proposals for the first renewable energy guarantees. The Government's

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.

Important milestone: Prime Minister opens Northern Lights visitor centre

On Tuesday 18 October, Prime Minister Jonas Gahr Støre officially opened the Northern Lights visitor centre in Øygarden near Bergen.

Meld. St. 14 (2020–2021) - Long-term Perspectives on the Norwegian Economy 2021

Chapter 1

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

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.

Norway to provide guarantees of NOK 2 billion for renewable energy in the Amazon and Central America

Norway is joining forces with Sweden and Denmark to provide guarantees totalling approximately NOK 2 billion to support renewable energy development in the Amazon and Central America. Together, the guarantees will unlock close to NOK 8 billion for

The time for climate change action is now

Global greenhouse gas emissions are continuing to rise, and it will take immense efforts to limit the warming of our planet. A new UN climate report concludes that we need more climate action and faster.