Norway and Russia strengthen a sustainable collaboration in the energy sector in the High North. The Norwegian energy corporation StatoilHydro signed an agreement on October 25 on energy cooperation to develop the Russian Shtokman field.  

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The Norwegian companies Hydro and Statoil are merging their oil and gas operations to form the world’s largest offshore operator.  

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Twenty billion barrels of oil have been pumped up from the Norwegian continental shelf since production started in June 1971. It all began at the Ekofisk field, which in 2006 is Norway's most productive oil and gas field and a national cultural heritage monument.

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Norway is the world’s third largest exporter of both oil and gas. Its role as an oil and gas nation is important for the country’s economy as well as for the energy supply security of our trading partners.

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More than 500 representatives from the world’s resource rich countries will meet in Oslo 16-17 October 2006 to take the Extractive Industries Transparency Initiative (EITI) to the next level.

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Shell and the Norwegian petroleum company Statoil have signed an agreement to work towards developing the world's largest project using carbon dioxide (CO2) for enhanced oil recovery (EOR) offshore.

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