BROWSE THROUGH OUR TRADE FAIRS IN NORWAY FOR ENERGY INDUSTRY

Norway is among the leading countries in the global and European energy industries. This is due to the state featuring an extensive and high-value energy sector. It is an industry that comprises more than 400 companies. This includes more than 390 electricity production firms. Such are present within diverse segments, including offshore oil and gas. This is one of the most significant contributors to the country’s energy industry value. For example, it has contributed up to 24% of the state’s GDP, 36% of its revenues and 52% of its total exports in recent years. This is due to Norway being the 8th most extensive natural gas producer and the 4th leading global exporter. This results in the sector contributing to the Norwegian energy industry’s high value. For example, the segment has, in recent years, reached a revenue value of 140 000 000 000 USD. The sector is also among the significant contributors to the country’s employment. It employs around 200 000 direct and indirect specialists. The Norwegian energy industry also employs a considerable amount of renewable energy sources. Such include hydropower and offshore and onshore wind energy. For example, the ten most extensive corporations produce around 75% of the state's total hydropower. Additionally, the Norwegian energy industry is a sector with a chief focus on research and development. This applies particularly to sustainability. For example, one of the leading corporations in the segment will invest 23 000 000 000 USD in the upcoming years in renewable energy production. Often, the industry displays its latest innovations during biannual trade expos. Such events attract tens of thousands of attendees.