Oil & Gas

The petroleum industry is Norway's largest industry. In 2012, the petroleum sector represented more than 23 per cent of the country’s total value creation. The revenues from the petroleum sector constitute 30 percent of the state revenues. Today Norway is the 7th largest producer of oil and the 3rd largest producer of gas in the world.

Ship vessel. 
Photo: Torben Rønning.

On 18th April, Statoil delivered their first cargo of liquefied natural gas (LNG) to China. The shipment marked a significant milestone in the relationship between Statoil and China. Read more

LNG Seminar. 
Photo: Mr. Sim Caluyong/ CCOP.

Representatives from the Norwegian and Chinese energy sector attended a three day seminar on ‘LNG strategy, policy, technology and systems with particular emphasis on the role of LNG for a reduced Carbon footprint’ hosted in collaboration with Petrad, Sinopec and CCOP in Beijing on 11-13th of June. Read more

Photo: NDP.

The Norwegian Petroleum Directorate (NPD) completed the mapping of potential CO2 stores on the Norwegian shelf in May. Read more

The Norwegian Petroleum Facts app was developed by the Norwegian Petroleum Directorate (NPD) and launched at the Offshore Northern Shelf (ONS) oil show in Stavanger last year. It is now also available for Android and Windows Phones. Read more

Photo: Statoil.

After several years of exploration outside of Norwegian territory, the Norwegian state-owned oil company, Statoil, has recently made its largest ever discovery outside Norwegian borders. Read more

The last “gas year”, 1 October 2011 till 31 September 2012, Norwegian gas export was record high. Now every fifth European home uses Norwegian gas for heating. Read more

Beijing Energy Club workshop with Chinese officials and experts . 
Photo: Beijing Energy Club.

Lasse Karlsen, Technical Director of the Norwegian Maritime Authority visited China this week to exchange views with Chinese experts on the use of LNG as shipping fuel. Norway is currently the world leader in this sector, with 29 LNG fuelled ships in operation. This is currently the whole world fleet of LNG fuelled ships. Mr. Karlsen was invited by the Beijing Energy Club and the LNG China 2012... Read more

Photo: Jian Guo/INTSOK.

China Oilfield Services Limited (COSL) has taken delivery of the COSL Promoter, the third deep-water semi-submersible drilling rig ordered from CIMC for Statoil. The rig, with a high content of Norwegian technology, is an excellent example of Norwegian-Chinese cooperation in the field of advanced offshore engineering. The Norwegian Ambassador to China, Svein Sæther, was present in Yantai. Read more