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Oil and Gas The petroleum sector The petroleum industry is very important to Norway. The industry accounts for a third of state income (2005 figures). Around 80 000 people are employed by petroleum-related businesses, and the knock-on effects on other industries are ... + More
Business Norwegian oil production through 35 years 30/06/2006 :: Twenty billion barrels of oil have been pumped up from the Norwegian continental shelf since production started in June 1971. It all began at the Ekofisk field, which in 2006 is Norway's most productive oil and gas field and a national cultural heritage monument. + More Business Innovative project can reduce CO2 emissions while increasing oil recovery 23/03/2006 :: Shell and the Norwegian petroleum company Statoil have signed an agreement to work towards developing the world's largest project using carbon dioxide (CO2) for enhanced oil recovery (EOR) offshore. + More		Business Norway Helps Developing Countries with Oil Management 09/03/2006 :: During the period 2006-2010, the Norwegian government will give NOK 250 million (EUR 31,3 million) more to aid poor nations avoid internal struggles over oil. "Oil for Development" was launched in 2005 and aims to help developing nations better manage their oil resources. + More
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