Ministry of Energy

Press Invitation to the Launch of the Longship Project

On June 17 and 18, we will mark the launch of the Longship project, Norway’s largest climate initiative and Europe’s first complete value chain for carbon capture and storage (CCS). Longship represents a pioneering effort in climate technology.

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 government estimates that the state's net cash flow from the sector this year will be 698 billion NOK.

The History of Norwegian Hydropower in 5 Minutes

Modern Norway was built and industrialised when we started to utilize rivers and waterfalls to produce electricity. Hydropower is still the backbone of the Norwegian power system, and will remain so in the foreseeable future. More than 100 years after the first hydroelectric power plant was built in Norway, nearly all our electricity production is based on hydropower.

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 petroleum potential of the North Sea. Petroleum activities have contributed significantly to economic growth in Norway, and to the financing of the Norwegian welfare state.