Norwegian Ministry of Petroleum and Energy
Encyclopedia
The Royal Norwegian Ministry of Petroleum and Energy is a Norwegian
ministry
responsible for energy
, including petroleum
and natural gas
production in the North Sea
. It is led by Minister of Petroleum and Energy
Ola Borten Moe
(Centre Party
). The department must report to the legislature, the Storting.
Wholly owned limited companies
:
Partially owned public limited companies
:
Norway
Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...
ministry
Ministry (government department)
A ministry is a specialised organisation responsible for a sector of government public administration, sometimes led by a minister or a senior public servant, that can have responsibility for one or more departments, agencies, bureaus, commissions or other smaller executive, advisory, managerial or...
responsible for energy
Energy
In physics, energy is an indirectly observed quantity. It is often understood as the ability a physical system has to do work on other physical systems...
, including petroleum
Petroleum
Petroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling...
and natural gas
Natural gas
Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
production in the North Sea
North Sea
In the southwest, beyond the Straits of Dover, the North Sea becomes the English Channel connecting to the Atlantic Ocean. In the east, it connects to the Baltic Sea via the Skagerrak and Kattegat, narrow straits that separate Denmark from Norway and Sweden respectively...
. It is led by Minister of Petroleum and Energy
Minister of Petroleum and Energy (Norway)
The Norwegian Minister of Petroleum and Energy is the head of the Royal Norwegian Ministry of Petroleum and Energy.- Councillor of State and Chief of the Ministry of Petroleum and Energy 1978 – 1992 :...
Ola Borten Moe
Ola Borten Moe
Ola Borten Moe is a Norwegian politician and Member of Parliament for the Centre Party.-Early and personal life:Borten Moe was born in Trondheim, Sør-Trøndelag to farmer Peder O. Moe and nurse Kari Borten . He is the grandson of former Prime Minister Per Borten, and married to fellow MP Anna...
(Centre Party
Centre Party (Norway)
The Centre Party is a centrist and agrarian political party in Norway, founded in 1920. The Centre Party's policy is not based on any of the major ideologies of the 19th and 20th century, but has a focus on maintaining decentralised economic development and political decision-making.From its...
). The department must report to the legislature, the Storting.
Organisation
The ministry is divided into the following sections:- Political staff
- Communication Unit
- Technology and Industry Department
- Energy and Water Resources Department
- Department of Trade and Industrial Economics
- Administration, Budgets and Accounting Department
Political staff
- Minister Terje Riis JohansenTerje Riis JohansenTerje Riis-Johansen is a Norwegian politician for the Centre Party.He was elected to the Norwegian Parliament from Telemark in 1993, but was not re-elected in 1997. From 1997 to 1999, during the first cabinet Bondevik, he was appointed political advisor in the Ministry of Finance...
(Centre) - State Secretary Guri StørvoldGuri StørvoldGuri Størvold is a Norwegian politician for the Centre Party.On the local level, she served as a member of Steinkjer municipal council from 1991 to 1995....
(Centre) - State Secretary Liv Monica Bargem Stubholt (Centre)
- Political Advisor Geir PollestadGeir PollestadGeir Pollestad is a Norwegian politician for the Centre Party.Hailing from Bryne, he served as a deputy representative to the Norwegian Parliament from Rogaland during the term 2001–2005. He took his higher education at the University of Bergen, graduating as cand.jur. in 2006...
(Centre)
Subsidiaries
Subordinate government agencies:- Norwegian Petroleum DirectorateNorwegian Petroleum DirectorateThe Norwegian Petroleum Directorate or OD is a Norwegian government agency responsible for the regulation of the petroleum resources on the Norwegian continental shelf. Based in Stavanger it is to ensure that the petroleum resources are allocated in an optimal at the same time as they incur...
- Norwegian Water Resources and Energy DirectorateNorwegian Water Resources and Energy DirectorateThe Norwegian Water Resources and Energy Directorate is a Norwegian government agency established in 1921. It is under the Ministry of Petroleum and Energy and regulates the country's water resources and energy supply. Its mandate includes contingency planning for floods, serving as a centre of...
- EnovaEnova SFEnova SF is a Norwegian government enterprise responsible for promotion of environmentally friendly production and consumption of energy. Established in 2001, it is financed through government funding in addition to a tariff of 1 øre per kWh of electricity to consumers...
- GassnovaGassnovaGassnova SF is the Norwegian state enterprise for carbon capture and storage. Gassnova stimulates technology research, development and demonstration and contributes to the realisation of technology in industrial, full-scale pioneer plants...
- StatnettStatnettStatnett is a Norwegian state owned enterprise responsible for owning, operating and constructing the stem power grid in Norway. The company has its headquarters in Oslo, Norway....
Wholly owned limited companies
Aksjeselskap
Aksjeselskap is the Norwegian term for a stock-based company. It is usually abbreviated AS or A/S, especially when used in company names. An AS is always a limited company, i.e. the owners cannot be held liable for any debt beyond the stock capital...
:
- GasscoGasscoGassco is a Norwegian state owned company that operates of natural gas pipes transporting annually of 88.5 billion cubic meter of natural gas from the Norwegian continental shelf to Continental Europe and the United Kingdom....
- PetoroPetoroPetoro, a company wholly owned by the state of Norway, manages Norway's portfolio of exploration and production licenses for petroleum and natural gas on the Norwegian continental shelf. This portfolio is collectively called State's Direct Financial Interest . The company also has a control...
Partially owned public limited companies
Allmennaksjeselskap
Allmennaksjeselskap , or ASA, is the Norwegian term for a public limited company. "ASA" or "asa" is added to the company name of all Norwegian companies registered as Allmennaksjeselskap....
:
- StatoilHydroStatoilHydroStatoil ASA, trading as Statoil and formerly known as StatoilHydro, is a Norwegian energy company, formed by the 2007 merger of Statoil with the oil and gas division of Norsk Hydro. The Government of Norway is the largest shareholder in Statoil with 67% of the shares...
(62% ownership)