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Joint Declaration - German-Norwegian Partnership on Climate, Renewable Energy and Green Industry

Norway and Germany agree to enter a strategic partnership on Climate, Renewable Energy and Green Industry. The overarching aim is to reach the long-term temperature goal in the Paris Agreement, create new green industries and jobs and strengthen

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

Norway and France will strengthen cooperation on CCS

Norway and France has signed a Letter of Intent to promote mutually beneficial cooperation on the development and deployment of Carbon Capture and Storage (CCS). This confirms the governments’ intentions to cooperate on CCS and recognize the

Consultation on resource rent tax on onshore wind power

The Government proposes to introduce a resource rent tax on onshore wind power from 2023 and is today sending the proposal for consultation, as described in the State Budget for 2023. It is one of several resource rent proposals which will lead to

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

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.

Concluding remarks at Equinor's Autumn Conference 2022

Minister of Petroleum and Energy, Terje Aasland, held the concluding remarks at Equinor's Autumn Conference on 29th November 2022 in Oslo, Norway.

By Minister of Energy Terje Aasland

How can Switzerland and Norway cooperate on CCS?

Minister of Petroleum and Energy held this speech at a stakeholder event with participants from Norway and Switzerland in Oslo 25th November2022.

By Minister of Energy Terje Aasland

Closer cooperation between Norway and Switzerland on CCS

Norway and Switzerland will strengthen cooperation on carbon capture and storage (CCS) and carbon dioxide removal (CDR). This is clear following today’s meeting between the Norwegian Minister of Petroleum and Energy Terje Aasland and the Swiss

Prime Minister Jonas Gahr Støre offers support to crisis-hit Moldova

Prime Minister Jonas Gahr Støre spoke to Moldovan Prime Minister Natalia Gavrilița today. Moldova is facing an acute energy crisis caused by Russia’s manipulation of energy supplies, which is reducing the country’s access to gas and electricity.

Welcoming adress CCUS Forum

Minister of Petroleum and Energy held this opening speech at CCUS Forum in Oslo on 27th October 2022.

By Minister of Energy Terje Aasland

We will not be intimidated. We will stand together.

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.

CCUS Conference in Oslo 27 – 28 October

Norway is co-hosting the EU’s annual CCUS conference "CCUS Forum", which will take place in Oslo on 27-28 October. EU Commissioner for Energy Kadri Simson is coming to Oslo to open the conference together with Minister for Petroleum and Energy Terje

How today’s energy reality informs tomorrow’s policy

Minister of Petroleum and Energy held this keynote speech at DNVs launch of Energy Transition Outlook in Copenhagen on 13th October 2022.

By Minister of Energy Terje Aasland

High-price contribution on wind and hydropower

The Government is proposing to introduce a high-price contribution, with the rate set at 23 per cent of the electricity price in excess of NOK 0.70 per kWh. The contribution is designed as an excise duty payable to the treasury. The tax will be

Resource rent tax on onshore wind energy

The government proposes the introduction of resource rent tax on onshore wind energy as from 2023. The proposal will be referred for public consultation before the end of the year, and involves the taxation of resource rent at an effective rate of

Adjustment of local and county authorities’ general grant

The Government proposes a one-year deduction in the general grant to local and county authorities with income from licence power. The proposal applies to local and county authorities in the areas with the highest electricity prices.

Profits from natural resources will be better distributed

Energy producers and the aquaculture industry make billions of kroner on our common resources. The Government is now proposing that more of the value created should go back to society.

Increased resource rent tax on hydropower

The Government is proposing to increase the effective resource rent tax rate on hydropower from 37 per cent to 45 per cent, with effect from the 2022 fiscal year.