Norway Exports Oil & Gas 2015/2016

Being a large exporter of both oil and gas, Norway plays an important role as a reliable supplier to the world’s energy markets. Norway is the world’s sixth largest supplier of crude oil and second largest exporter of natural gas.

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Norway is also a substantial exporter of petroleum related goods and services. The Norwegian based service and supplier industry has grown its international sales by almost 25% from 2007 to 2009. International sales have reached a level of almost NOK 120 billion or about USD 20 billion.  Considering the recent turbulence in the world economy, this is quite impressive.

This issue contains a series of articles to give you more in-depth understanding of Norway’s present focus and activities. In the second half of the magazine you will find cutting-edge Norwegian companies within the oil and gas industry that provide their products or services to the global market.

Associated companies:

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Engineering Nanoparticles to Boost Oil

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Ship Energy Efficiency: The Fourth Wave

Shipping has seen three waves of energy efficiency trends since 2007. The latest buzz is the Big Data revolution.

Sustainable Fish Farming Solutions: From Feed to Egg

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Standardization Key During Low Oil Price

The Norwegian petroleum industry is focusing on standardized solutions, inspired by Formula One and Lego, to help tackle rising field development costs.

Blue Growth for a Green Future

The Norwegian government recently launched its new maritime strategy “Blue Growth for a Green Future” aimed at keeping the country’s second largest export industry competitive and sustainable.

New Development Licenses Spur Ocean Farming

Norway has initiated free development licenses to spur new technology concepts to tackle the aquaculture industry’s acreage and environmental challenges. Many of the applicants are innovative ocean farms.

Bucking the trend: Norwegian Shelf Still Attractive

The Norwegian Continental Shelf continues to be attractive even amidst the low oil price environment. Statoil’s giant Johan Sverdrup oil field development is just the latest example.

British Showing Great Interest in “Frozen at sea”

The British are the world’s largest consumers of cod. 70 percent is used in the “fish and chips” market. Lately several Norwegian owners of trawlers have discovered the British market for the “frozen at sea” concept.