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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.

Target to double climate finance exceeded for second year in a row

Norway’s climate finance amounted to NOK 16.5 billion in 2023. This is NOK 2.5 billion more than the target pledged in 2021 to double our climate finance.

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

Meld. St. 21 (2023–2024) - Norway’s integrated ocean management plans

Meld. St. 21 (2023–2024) Report to the Storting (white paper)

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

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 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.

Norwegian support to strengthen Moldova’s resilience

The Norwegian support to Moldova announced during the state visit of Moldovan President Maja Sandu to Norway in the spring has now been distributed. Approximately NOK 275 million of the total NOK 350 million in funding announced by Prime Minister

Petroleum Price Board

Petroleum Price Board Secretariat The Section for analysis and markets in the Ministry of Energy is nominated as secretariat for the Petroleum Price Board. Inquiries to the Petroleum Price Board will be directed to the secretariat. Contacts in the

Norway’s oil history in 5 minutes

In the late 1950s, very few people believed that the Norwegian continental shelf (NCS) might conceal rich oil and gas deposits. However, the discovery of gas at Groningen in the Netherlands in 1959 caused people to revise their thinking on the

Energy and petroleum research

The aim of the research and development (R&D) policy within the energy and petroleum sector is to contribute to efficient and sustainable exploitation of Norwegian energy and petroleum resources Developing and implementing new solutions is a key

The Barents Sea South

The 23rd licensing round, which was announced in January 2015, includes 54 blocks in the Barents Sea, many of them in the previously disputed area west of the delimitation line between Norway and Russia.

The Ministry

The principal responsibility of the Ministry of Energy is to achieve a coordinated and integrated energy policy. A primary objective is to ensure high value creation through efficient and environment-friendly management of Norway’s energy resources.

NOU 2015: 15 - Environmental Pricing (Summary)

Report from a Green Tax Commission

Chapter 1 Executive summary (50,4 kB) Chapter 2 The Commission (63,8 kB) Chapter 3 Summary (225,1 kB) Chapter 12 The recommendations of the Commission (100,6 kB)

Northern Lights Gathering

Minister of Petroleum and Energy Marte Mjøs Persen held this speech at the digital Northern Lights gathering on 16th December 2021.

By Minister of Petroleum and Energy Marte Mjøs Persen

Important step for Offshore Wind

The Norwegian Government has great ambitions for the development of offshore wind power in Norway and aims to tender the first phase of Sørlige Nordsjø II and Utsira Nord by the end of the first quarter of 2023.

German Vise-Chancellor visits Norway in January

Germanys Vise-Chancellor Robert Habeck visits Norway 5th and 6th of January 2023. Habeck will amongst other discuss Norwegian-German industry- and energy collaboration with the Norwegian Prime minister and other ministers, attend The Confederation

Storing CO2 under the North Sea Basin

A key solution for combating climate change

This report represents the first deliverable of the North Sea Basin Task Force, which Norway and the UK established in November 2005 to work together on issues surrounding the transport and storage of CO2 beneath the North Sea. The North Sea