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Posts Tagged ‘Ministry of Petroleum and Energy’

Common sense resource management

Posted in Norway, Offshore Energy - General, tagged , , , on June 29, 2023| Leave a Comment »

OSLO, June 28 (Reuters) – Norway’s government said on Wednesday it has given approval for oil companies to develop 19 oil and gas fields with investments exceeding 200 billion Norwegian crowns ($18.51 billion), part of the country’s strategy to extend production for decades to come.

“These are projects that will contribute to a continued high and stable output from Norway’s continental shelf as well as employment and value creation,” Minister of Petroleum and Energy Terje Aasland told a news conference.

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No oil and gas leasing pause in Norway

Posted in Norway, Offshore Energy - General, tagged , , on September 15, 2021| Leave a Comment »

15 Sept 2021: The Ministry of Petroleum and Energy received applications from 31 companies in connection with the announcement of Allocation in Predefined Areas (APA) 2021. The Ministry’s announcement includes some good lessons on resource management:

It is gratifying that the oil companies still see good opportunities on the Norwegian shelf. Exploration is important for maintaining activity and good resource management, and it lays the foundation for value creation and safe jobs throughout the country, says Minister of Petroleum and Energy Tina Bru.

Predictability about which areas it is possible to apply for in APA and regular replenishment of new area is important to achieve an effective exploration. APA rounds are therefore conducted annually.

Ministry of Petroleum and Energy

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