Electricity demand puts rivers at risk

Rising demand for electricity and its record-high rates this winter are suddenly prompting Norwegian politicians to consider sacrificing even protected rivers and waterfalls for energy relief. On Wednesday a majority emerged in Parliament to reconsider longstanding conservation measures, and allow more production of hydroelectric power. Newspaper Klassekampen reported late last week that the Labour Party […]

Hydrogen projects also won state aid

After finally landing electricity bill relief for most Norwegians, Prime Minister Jonas Gahr Støre could also announce state investment of more than NOK 1 billion in projects that will produce and use hydrogen as an energy source. Three major companies behind the industrial projects will use hydrogen as part of Norway’s efforts to move away […]

Now Norway’s own climate fight looms

NEWS ANALYSIS: Norway supports the dramatic outcome of the UN Climate Change Conference in Glasgow, with Norwegian officials insisting it’s “major step in the right direction” and environmentalists calling it “better than nothing.” Perhaps that’s all that could be expected in an oil-producing nation with a government that, even in the midst of the Glasgow […]

Støre accused of more ‘blah, blah…’

NEWS ANALYSIS: Halfway through the UN Climate Change Conference in Glasgow, Norway is still mostly throwing more money at others to cut emissions while literally fueling them at home. The oil-producing country’s new government may even get away with it, once again. In his first international appearance in Glasgow last week as Norway’s prime minister, […]

Norway braced for battle in Glasgow

NEWS ANALYSIS: Norway’s new Labour prime minister headed for the 26th UN Climate Change Conference in Glasgow that opened on Monday, armed with more Norwegian petrokroner and promises that his oil-producing nation will meet its climate goals. Jonas Gahr Støre and others in the Norwegian delegation know, however, that their credibility is at stake and […]

Equinor CEO keen to promote tax bill

Norway’s state oil company Equinor, which reported record high quarterly profits on Wednesday, was quick to boast that it expects to pay NOK 130 billion (USD 15.6 billion) in taxes this year. Equinor CEO Anders Opedal clearly wanted to stress the company’s contribution to the Norwegian economy, at a time when its oil and gas […]

Statkraft invests in more European wind

Statkraft, the Norwegian power producer specializing in renewable energy, confirmed the purchase this week of 43 wind power installations in Europe, 39 of them in Germany and four in France. It’s the first time Statkraft has ventured into onshore wind power production in either country. The company, wholly owned by the Norwegian government, bought the […]

Controversial cable ready for testing

The world’s longest undersea power line was ready to start sending electricity from Norway to Great Britain on a trial basis on Friday. The cable is controversial, though, and the subject of ongoing political debate. The cable that runs from Kvildal in Rogaland on Norway’s southwest coast to the North Sea Links plant north of Newcastle […]

Solberg wrapped up her ‘farewell tour’

Norway’s outgoing prime minister, Erna Solberg, spent most of this past week on her last major official trip abroad. She and her foreign minister Ine Eriksen Søreide bowed out on the international stage at the UN General Assembly in New York, before both return to their seats in Parliament when a new Norwegian government takes […]

Oil industry expects a new energy crisis

Recently soaring electricity rates in Norway and high gasoline prices at the pump are just a taste of what may lay ahead, warn various oil industry players. They have their own vested interests and can profit on such booms, but several meeting in Oslo last week think consumers need to brace for a new energy […]