Oil & Gas - Norway Exports

Looking for a specific product?

Make a search for products & suppliers, articles & news.

Oil & Gas

Since discovering oil off the Norwegian coast in the late 1960s, Norway has developed into the world's seventh-largest petroleum-producing nation and its third-largest exporter of crude oil. The country is also Western Europe's most important source of natural gas.

Petroleum-related activities top the list of Norwegian exports. In 2003, the export of crude oil and natural gas accounted for more than 40 percent of the country's total export of goods and services. Moreover, the construction and operation of the largest offshore installations on earth has led to the establishment of a substantial offshore technology industry.


Norwegian companies are among the largest operators in terms of construction and production volume at sea. The national business portfolio reflects a commitment to innovative technology that has led to a fundamental shift in oilfield economics. Examples include subsea-to-shore field development concepts and intelligent well completions. A number of full-service technology firms not only provide niche products and services, but also routinely take on entire field developments, from feasibility studies to the design, installation and maintenance of fixed, floating and subsea production systems. A recent study concluded that the annual turnover in the Norwegian supply and service industry abroad is $5.5 billion and growing.


The Norwegian oil and gas industry continues to deliver leading-edge technologies. The two large Norwegian field development projects Snøhvit by Statoil and Ormen Lange by Hydro are due to deliver liquefied natural gas to the United States and piped natural gas to the United Kingdom markets in 2006 and 2007, respectively. These projects are based on robust, innovative and competitive Norwegian supply chains in gas field developments that are prepared to compete on similar projects internationally.


For more information on the Norwegian oil and gas industry, see www.norwayexports.no.

Related articles

Latest articles


Technology has been imperative for the Norwegian oil adventure.  With high expenses and a focus on cutting costs, it may become even more important in the fight to secure the future of the Norwegian Continental Shelf....

Privacy Policy

We value your privacy. Read the details of our Privacy policy below.

Cookies information

Read our cookies information, specifying what they are and how they are used on NorwayExports.no. NorwayExports.no is owned by Media Digital AS.

Profitable Sustainable Fish Farming

Norwegian fish farmers are incorporating the UN Sustainable Development Goals into their business strategy. Even fish sludge could profitably save the environment. 

Digital Future: The New Maritime Sharing Economy

In the old days, ships left port and they hopefully arrived where they should. Now masses of data points and sensors are enabling a new maritime sharing economy.

Near-Zero Emission Technology to Power Platforms

Norwegian researchers are exploring near-zero emission platform technology using fuel cells combined with carbon capture to help meet climate targets.

Fish Vessels Go Electric

The Norwegian aquaculture and fishing industry has joined the green shipping wave with a number of pioneering electric fleet initiatives.

Norway’s Greener Future Fleet

Norway was the first nation to have a fully electric car and a passenger ferry. Now the country will make all future ferries green and a zero-emission maritime industry by 2050.

Could Iran be the Next Big Market?

Iran is opening up for billions of dollars in oil and gas investments after the lifting of decades-long sanctions. The Norwegian oil industry is cautiously eyeing possibilities.