Oil and Gas

Oil and gas are the most important export commodities in the Norwegian economy.

Norway covers about 2% of the global crude oil demand and 3% of the gas demand. Nearly all oil and gas produced on the Norwegian shelf is exported.

Norway is the fourth largest exporter of natural gas in the world and contributes with more that 30% of the total gas consumption in the EU and UK.

Export of technology for the global oil and gas marked is one of Norway’s biggest industries. We represent the world’s most complete cluster for subsea life-of-field solutions and the cluster has a unique global position, boasting the longest subsea track record, the highest hydrocarbon recovery rate and the best health, safety and environmental performance.

We work to reduce the climate and environmental footprint from production and utilization of petroleum resources. We work to develop, implement and scale renewable energy production, electrification, energy efficiency, hydrogen and carbon capture utilization and storage (CCUS).

GCE Ocean Technology has developed into an important tool for restructuring, growth and technology transfer. A key strategy is to use our strong underwater expertise to take a leading position in the development and scaling of new ocean industries.

See examples of technology transfer from our cluster.

Browse through our projects to learn more about what we do within our focus areas.