Petroleum Price Board
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Petroleum Price Board
The Petroleum Price Board (''Petroleumsprisrådet'') is a Norwegian government agency responsible for setting norm prices for petroleum produced on the Norwegian continental shelf. The Board has six permanent members, including four government-appointed independent experts and one representative each from the Ministry of Finance and the Ministry of Petroleum and Energy The Royal Norwegian Ministry of Petroleum and Energy ( no, Olje- og energidepartementet) 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 .... The Board meets quarterly. References Government agencies of Norway Energy in Norway Petroleum economics {{Norway-gov-stub ...
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Government Agency
A government or state agency, sometimes an appointed commission, is a permanent or semi-permanent organization in the machinery of government that is responsible for the oversight and administration of specific functions, such as an administration. There is a notable variety of agency types. Although usage differs, a government agency is normally distinct both from a department or ministry, and other types of public body established by government. The functions of an agency are normally executive in character since different types of organizations (''such as commissions'') are most often constituted in an advisory role—this distinction is often blurred in practice however, it is not allowed. A government agency may be established by either a national government or a state government within a federal system. Agencies can be established by legislation or by executive powers. The autonomy, independence, and accountability of government agencies also vary widely. History Early exa ...
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Petroleum
Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crude oil and petroleum products that consist of refined crude oil. A fossil fuel, petroleum is formed when large quantities of dead organisms, mostly zooplankton and algae, are buried underneath sedimentary rock and subjected to both prolonged heat and pressure. Petroleum is primarily recovered by oil drilling. Drilling is carried out after studies of structural geology, sedimentary basin analysis, and reservoir characterisation. Recent developments in technologies have also led to exploitation of other unconventional reserves such as oil sands and oil shale. Once extracted, oil is refined and separated, most easily by distillation, into innumerable products for direct use or use in manufacturing. Products include fuels such as gasol ...
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Norwegian Continental Shelf
The Norwegian continental shelf ( no, Den norske kontinentalsokkelen) (abbreviated as NCS) is the continental shelf over which Norway exercises sovereign rights as defined by the United Nations Convention on the Law of the Sea. The area of the shelf is four times the area of Norway mainland and constitutes about one-third of the Europe continental shelf. It is rich in petroleum and gas and it is the base of the petroleum economy of Norway The economy of Norway is a highly developed mixed economy with state-ownership in strategic areas. Although sensitive to global business cycles, the economy of Norway has shown robust growth since the start of the industrial era. The country .... References External links Interactive Map over the Norwegian Continental Shelf live information, facts, pictures and videos. Norwegian Government "Continental shelf – questions and answers" Continental shelves of Europe Landforms of Norway Landforms of the North Sea Geology of the No ...
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Ministry Of Finance (Norway)
The Royal Norwegian Ministry of Finance (Norwegian: Finansdepartementet) is a Norwegian ministry established in 1814. The ministry is responsible for state finance, including the state budget, taxation and economic policy in Norway. It is led by Trygve Slagsvold Vedum ( Centre Party). The department must report to the Parliament of Norway. Organization The ministry is divided into the following sections: * Political staff * Information Unit * Asset Management Department * Budget Department * Financial Markets Department * Tax Law Department * Tax Policy Department * Economic Policy Department * Department of Administrative Affairs Subsidiaries The following government agencies are subordinate to the ministry: * Pension Fund Global * National Insurance Scheme Fund * Bank of Norway * Norwegian Customs and Excise Authorities * Norwegian Financial Supervisory Authority * Norwegian Government Agency for Financial Management * Norwegian National Collection Agency * Norwegian Tax Adm ...
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Ministry Of Petroleum And Energy (Norway)
The Royal Norwegian Ministry of Petroleum and Energy ( no, Olje- og energidepartementet) 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 Terje Aasland ( Labour Party). 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 Marte Mjøs Persen (Labor Party) Subsidiaries Subordinate government agencies: * Norwegian Petroleum Directorate * Norwegian Water Resources and Energy Directorate * Enova * Gassnova * Statnett Wholly owned limited companies: * Gassco * Petoro Partially owned public limited companies: * Equinor (62% ownership) References External links Of ...
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Government Agencies Of Norway
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The major types of political systems in the modern era are democracies, monarchies, and authoritarian and totalitarian regimes. Historically prevalent forms of government include monarchy, aristocracy, timocracy, oligarchy, democracy, theocracy, and tyranny. These forms are not always mutually exclusive, and mixed govern ...
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Energy In Norway
Norway is a large energy producer, and one of the world's largest exporters of oil. Most of the electricity in the country is produced by hydroelectricity. Norway is one of the leading countries in the electrification of its transport sector, with the largest fleet of electric vehicles per capita in the world (see plug-in electric vehicles in Norway and electric car use by country). Since the discovery of North Sea oil in Norwegian waters during the late 1960s, exports of oil and gas have become very important elements of the economy of Norway. With North Sea oil production having peaked, disagreements over exploration for oil in the Barents Sea, the prospect of exploration in the Arctic, as well as growing international concern over global warming, energy in Norway is currently receiving close attention. Overview Fossil fuels In 2011, Norway was the eighth largest crude oil exporter in the world (at 78 Mt), and the 9th largest exporter of refined oil (at 86&nbs ...
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