natgillin/translations-raw huggingface dataset:
Our strategy to enhance future production was presented in a White Paper in 2011.
Our strategy to enhance future production was presented in a White Paper in 2011.
In Norway we have a broad consensus on how to manage the petroleum resources.
In Norway we have a broad consensus on how to manage the petroleum resources.
The policy, the framework and the tax system have been stable and predictable for decades.
The policy, the framework and the tax system have been stable and predictable for decades.
A steady activity level must be maintained in order to achieve the goal of long-term management and value creation from the petroleum resources.
A steady activity level must be maintained in order to achieve the goal of long-term management and value creation from the petroleum resources.
This can best be facilitated through a parallel and active commitment in four areas:
This can best be facilitated through a parallel and active commitment in four areas:
Increase recovery from existing fields.
Increase recovery from existing fields.
A significant part of expected production over the next ten years will come from proven fields and discoveries.
A significant part of expected production over the next ten years will come from proven fields and discoveries.
Measures to improve recovery on mature fields are urgent.
Measures to improve recovery on mature fields are urgent.
We need to develop commercial discoveries .
We need to develop commercial discoveries .
Many of the current discoveries are small.
Many of the current discoveries are small.
They need to utilize existing infrastructure and must be developed quickly in order to be profitable.
They need to utilize existing infrastructure and must be developed quickly in order to be profitable.
Most development candidates can be developed with a subsea template tied in to existing infrastructure.
Most development candidates can be developed with a subsea template tied in to existing infrastructure.
We continue active exploration of opened acreage, both in mature and frontier areas.
We continue active exploration of opened acreage, both in mature and frontier areas.
And we are implementing opening processes for the South-eastern parts of the Barents Sea and for the island of Jan Mayen, as mentioned.
And we are implementing opening processes for the South-eastern parts of the Barents Sea and for the island of Jan Mayen, as mentioned.
Integrated Management Plans
Integrated Management Plans
Let me give a couple of comments on our integrated management plans.
Let me give a couple of comments on our integrated management plans.
We have integrated management plans for all the Norwegian seas, 3 in total.
We have integrated management plans for all the Norwegian seas, 3 in total.
The integrated management plans provide a framework for the petroleum industry.
The integrated management plans provide a framework for the petroleum industry.
The integrated management plans are presented as White Papers to the Parliament.
The integrated management plans are presented as White Papers to the Parliament.
They are based on facts, and are updated every fourth year.
They are based on facts, and are updated every fourth year.
These management plans are important, because they provide a basis for coexistence between industries, environment and management of natural resources.
These management plans are important, because they provide a basis for coexistence between industries, environment and management of natural resources.
They provide a stabile framework for the petroleum industry.
They provide a stabile framework for the petroleum industry.
And are therefore important to ensure predictability for the industry – one of the cornerstones of “the Norwegian model”.
And are therefore important to ensure predictability for the industry – one of the cornerstones of “the Norwegian model”.
I believe one of the main successes of the Norwegian model has been a combination of national control of the resources and an open system inviting foreign companies to participate.
I believe one of the main successes of the Norwegian model has been a combination of national control of the resources and an open system inviting foreign companies to participate.
The natural resources are used for the benefit of the Norwegian population in a long term perspective.
The natural resources are used for the benefit of the Norwegian population in a long term perspective.
This is in turn important for the legitimacy of the entire industry.
This is in turn important for the legitimacy of the entire industry.
Our system has generated enormous wealth for Norway and put us in a very comfortable financial situation.
Our system has generated enormous wealth for Norway and put us in a very comfortable financial situation.
Through the spending rule – where all income from the petroleum go to the pension fund and only 4 percent of this fund is put into the national budget – we have avoided the “Dutch disease”.
Through the spending rule – where all income from the petroleum go to the pension fund and only 4 percent of this fund is put into the national budget – we have avoided the “Dutch disease”.
This way, oil and gas resources do not become a curse for the nation, but on the contrary – a blessing.
This way, oil and gas resources do not become a curse for the nation, but on the contrary – a blessing.
"The Norwegian Model" - powerpoint presentation
"The Norwegian Model" - powerpoint presentation
Presenting the Norwegian petroleum model in Mexico
Petroleumstilsynet
The Norwegian Model: Evolution, Performance and Benefits
The Norwegian Model: Evolution, Performance and Benefits
The pipeline makes possible the export of gas to Sweden and Denmark, and lays the ground for industrial use of gas in the Grenland region on the East Coast.
Røyret gjer det mogleg å eksportere gass til Sverige og Danmark, og legg til rette for industriell bruk av gass i Grenland.
-We are in an economic downturn, with concern for increasing unemployment.
- Vi er i økonomiske nedgangstider, med uro for auka arbeidsløyse.
Skanled is important for employment and value creation in Norway.
Skanled er viktig for sysselsetjing og verdiskaping i Noreg.
The Norwegian Government is following this project closely, says Mr. Terje Riis-Johansen, Minister of Petroleum and Energy.
Regjeringa følgjer difor prosjektet tett, seier olje- og energiminister Terje Riis-Johansen.
-I am dedicated to the progress of Skanled.
- Eg er oppteken av framdrifta i Skanled.
Skanled is important to lay the ground for industrial development in Norway and to increase the gas export capacity to Europe, says Mr. Riis-Johansen.
Skanled er viktig for å leggje til rette for industriell utvikling i Noreg og å auke gasseksportkapasiteten til Europa, seier Riis-Johansen.
Skanled is a complicated project, and there are remaining challenges before the project can be realized.
Skanled er eit komplisert prosjekt, og det er framleis utfordringar som står igjen før prosjektet kan bli realisert.
The project is now in a critical phase to accomplish the scheduled submission of the Plan for Installation and Operation on 1 April 2009.
Prosjektet er inne i ein kritisk fase for å nå planen om innlevering av søknad om godkjenning av plan for anlegg og drift 1. april 2009.
Petoro will participate in the project on behalf of the States Direct Financial Interest (SDFI).
Petoro deltek i prosjektet på vegne av Statens direkte økonomiske engasjement (SDØE).
The Norwegian State versus Statoil ASA – settlement under guarantee declaration – decision by Stavanger tingrett
Staten mot Statoil ASA – oppgjør etter garantierklæring – domsavsigelse i Stavanger tingrett
Stavanger tingrett has today decided a case raised by the Norwegian State represented by the Ministry of Petroleum and Energy against Statoil ASA.
Stavanger tingrett har i dag avsagt dom i sak anlagt av staten ved Olje- og energidepartementet mot Statoil ASA.
The State will now further study the decision.
Staten vil nå studere dommen nærmere.
The arbitration was settled in January 2002.
Voldgiftssaken ble hevet som forlikt i januar 2002.
The Norwegian welfare model - prosperous and sustainable?
The Norwegian welfare model - prosperous and sustainable?
The seminar topic (Portugal's labour market – towards the Nordic Flexicurity model?) is of great relevance for all countries.
The seminar topic (Portugal's labour market – towards the Nordic Flexicurity model?) is of great relevance for all countries.
Labour and human capital is our most valuable resource and main source of economic and personal welfare, said State secretary Roger Schjerva.
Labour and human capital is our most valuable resource and main source of economic and personal welfare, said State secretary Roger Schjerva.
Ladies and gentlemen, good afternoon;
Ladies and gentlemen, good afternoon;
Labour and human capital is our most valuable resource and main source of economic and personal welfare.
Labour and human capital is our most valuable resource and main source of economic and personal welfare.
Many countries are facing a very challenging situation after the global financial crisis.
Many countries are facing a very challenging situation after the global financial crisis.
Portugal is hit hard by the crises.
Portugal is hit hard by the crises.
Understandably, the discussion is intense here currently.
Understandably, the discussion is intense here currently.
I support all the good work that has been done and is going on from the people, the social partners, the Parliament and the government, to overcome the economic and social crises.
I support all the good work that has been done and is going on from the people, the social partners, the Parliament and the government, to overcome the economic and social crises.
In Europe, the level of unemployment remains at very high levels and in some cases is still on an increasing path.
In Europe, the level of unemployment remains at very high levels and in some cases is still on an increasing path.
In some countries close to half of the young people under the age of 26 are unemployed.
In some countries close to half of the young people under the age of 26 are unemployed.
With severe budget constraints, many countries now have limited room for manoeuvre.
With severe budget constraints, many countries now have limited room for manoeuvre.
The Nordic countries have performed quite well over the last 15-20 years, and shown capacity to adapt to external shocks even in the aftermath of the financial crisis.
The Nordic countries have performed quite well over the last 15-20 years, and shown capacity to adapt to external shocks even in the aftermath of the financial crisis.
Our countries are characterized by high levels of income and employment, and low inequality.
Our countries are characterized by high levels of income and employment, and low inequality.
I believe that the relatively favourable performance is in part due to our welfare model.
I believe that the relatively favourable performance is in part due to our welfare model.
Let me suggest a few characteristics of the so called Norwegian model:
Let me suggest a few characteristics of the so called Norwegian model:
comprehensive tax-financed welfare state with generous benefits and high quality public services
comprehensive tax-financed welfare state with generous benefits and high quality public services
substantial public investments in human capital
substantial public investments in human capital
sound macroeconomic policies
sound macroeconomic policies
well organized employees and employers with highly coordinated wage formation
well organized employees and employers with highly coordinated wage formation
active labour market policy and flexible labour market regulations
active labour market policy and flexible labour market regulations
and finally;
and finally;
exposed to competition, especially by openness to trade from abroad (open economy)
exposed to competition, especially by openness to trade from abroad (open economy)
In the following I will elaborate on some of these characteristics; before what is the main challenges for this model and is the model exportable?
In the following I will elaborate on some of these characteristics; before what is the main challenges for this model and is the model exportable?
Human capital is by far our most important national resource– not oil and gas
Human capital is by far our most important national resource– not oil and gas
A hundred years ago, Norway was among the poorer countries of Europe.
A hundred years ago, Norway was among the poorer countries of Europe.
By 1950 Norway had caught up with Western Europe.
By 1950 Norway had caught up with Western Europe.
Today, Norway ranks among the richest countries in the world.
Today, Norway ranks among the richest countries in the world.
GDP per capita is among the highest in the world.
GDP per capita is among the highest in the world.
Large income from natural resources, such as hydroelectric power, fisheries and since the beginning of 1970-ties petroleum, explains part of the rapid economic growth.
Large income from natural resources, such as hydroelectric power, fisheries and since the beginning of 1970-ties petroleum, explains part of the rapid economic growth.
As illustrated in the chart 4, labour is by far the largest component of our national wealth.
As illustrated in the chart 4, labour is by far the largest component of our national wealth.
The value of our work today and in the future amounts to 85 percent of total national wealth according to the figures.
The value of our work today and in the future amounts to 85 percent of total national wealth according to the figures.
Therefore, future growth and prosperity first and foremost depend upon our ability to develop and use our human capital.
Therefore, future growth and prosperity first and foremost depend upon our ability to develop and use our human capital.
The main explanation to Norwegian wealth is to be found in the high productivity growth combined with high employment rates.
The main explanation to Norwegian wealth is to be found in the high productivity growth combined with high employment rates.
How have we managed to combine economic security with high economic performance, including high labour market participation and low unemployment?
How have we managed to combine economic security with high economic performance, including high labour market participation and low unemployment?
All Nordic countries have been successful in mobilising labour forces.
All Nordic countries have been successful in mobilising labour forces.
In particular, the Nordic women have migrated into the labour market over the last 40 years.
In particular, the Nordic women have migrated into the labour market over the last 40 years.
In Norway, female labour force participation increased from 50 per cent in the beginning of the 1970-ties to 76 per cent in 2011.
In Norway, female labour force participation increased from 50 per cent in the beginning of the 1970-ties to 76 per cent in 2011.
On the other hand, measured by hours worked, the labour participation is not that high.
On the other hand, measured by hours worked, the labour participation is not that high.
A high share of part-time work among women is one explanation.
A high share of part-time work among women is one explanation.
Another explanation is a gradual lowering of the general working time.
Another explanation is a gradual lowering of the general working time.
The higher GDP per capita that has materialised of the high productivity growth, has to some degree been used to lower hours worked.
The higher GDP per capita that has materialised of the high productivity growth, has to some degree been used to lower hours worked.
As you can see on the slide (slide 7), there are some countries with higher birth rates than Norway, but except for Iceland, these countries have low labour market participation among women.
As you can see on the slide (slide 7), there are some countries with higher birth rates than Norway, but except for Iceland, these countries have low labour market participation among women.
There are also countries with higher employment rates, but many of these are struggling with low fertility rates.
There are also countries with higher employment rates, but many of these are struggling with low fertility rates.
The unique combination of high labour force participation and high birth rates is crucial for sustaining Norway's good economic performance.
The unique combination of high labour force participation and high birth rates is crucial for sustaining Norway's good economic performance.
A main conclusion from this, is that family reforms, which traditionally have been regarded as pure welfare policies, also can have significant economic benefits.
A main conclusion from this, is that family reforms, which traditionally have been regarded as pure welfare policies, also can have significant economic benefits.
It is symptomatic that the OECD – known for their hard core economic analysis, recently has pointed this out in various reports.
It is symptomatic that the OECD – known for their hard core economic analysis, recently has pointed this out in various reports.
The strong economic growth has gone in tandem with the building up of a modern welfare state with
The strong economic growth has gone in tandem with the building up of a modern welfare state with
- universal welfare services
- universal welfare services
- rather flat income distribution with strong preference for equality
- rather flat income distribution with strong preference for equality
The Norwegian welfare model is effective – not only in securing welfare services to the public.
The Norwegian welfare model is effective – not only in securing welfare services to the public.
It also contributes to labour participation, flexibility and high productivity.
It also contributes to labour participation, flexibility and high productivity.
Ambitious welfare and family policies have been instrumental in supporting the participation of women into the labour market.
Ambitious welfare and family policies have been instrumental in supporting the participation of women into the labour market.
In addition they are entitled to one year's paid parental leave – divided between the mother and father.
In addition they are entitled to one year's paid parental leave – divided between the mother and father.
The Nordic countries have fairly flexible labour markets that have proved effective in reallocating labour from declining low productivity industries to rising high productivity industries.
The Nordic countries have fairly flexible labour markets that have proved effective in reallocating labour from declining low productivity industries to rising high productivity industries.
The welfare system, combined with active labour market policies, plays an important role in facilitating this reallocation.
The welfare system, combined with active labour market policies, plays an important role in facilitating this reallocation.
An active labour market policy is an important tool both to smooth the labour market through business cycles and to ensure that persons on the fringe of the labour market can take part in the labour market.
An active labour market policy is an important tool both to smooth the labour market through business cycles and to ensure that persons on the fringe of the labour market can take part in the labour market.
In that context the government put emphasis on including as many as possible in active working life.
In that context the government put emphasis on including as many as possible in active working life.
We have also sought to avoid rigid employment protection legislation, which might contribute to highly segmented labour markets.
We have also sought to avoid rigid employment protection legislation, which might contribute to highly segmented labour markets.
Taken together this has ensured an inclusive growth in Norway.
Taken together this has ensured an inclusive growth in Norway.
Safety nets may promote a sense of security that have made workers more open for changes in industrial structures and thus increased the economy's ability to adapt to changes.
Safety nets may promote a sense of security that have made workers more open for changes in industrial structures and thus increased the economy's ability to adapt to changes.
Together with an open economy, flexible labour markets and our specific production structure, this has helped us reap the benefits of globalisation.
Together with an open economy, flexible labour markets and our specific production structure, this has helped us reap the benefits of globalisation.
A well functioning social security system, including an unemployment scheme, has made the economy less vulnerable to economic shocks because it has supported a flexible labour market and made it easier to carry out downscaling without large social costs and conflicts.
A well functioning social security system, including an unemployment scheme, has made the economy less vulnerable to economic shocks because it has supported a flexible labour market and made it easier to carry out downscaling without large social costs and conflicts.
However, it is vital that income benefit systems are designed in such a way that they stimulate job searching and labour market flexibility in general.
However, it is vital that income benefit systems are designed in such a way that they stimulate job searching and labour market flexibility in general.
Tripartite cooperation between the social partners (unions and employers) and the Government has a long tradition in Norway.
Tripartite cooperation between the social partners (unions and employers) and the Government has a long tradition in Norway.
A close tripartite cooperation may play a role to keep a well functioning labour market, in spite of obvious interest conflicts.
A close tripartite cooperation may play a role to keep a well functioning labour market, in spite of obvious interest conflicts.
The origin of this cooperation is centred on our system for wage formation.
The origin of this cooperation is centred on our system for wage formation.
Wages are set in highly centralised negotiations between a few big unions and employers.
Wages are set in highly centralised negotiations between a few big unions and employers.
Given their size, unions have an incentive to take into account the impact of wage increases on unemployment.
Given their size, unions have an incentive to take into account the impact of wage increases on unemployment.
In order to avoid increased unemployment, overall wage growth has by and large been restricted to what export-oriented industries can pay and remain competitive.
In order to avoid increased unemployment, overall wage growth has by and large been restricted to what export-oriented industries can pay and remain competitive.
Also, it facilitates an emphasis on common interests and a fairly equal distribution of income.
Also, it facilitates an emphasis on common interests and a fairly equal distribution of income.
The cooperative quality of our system has been instrumental both in times of crisis and when dealing with long-term structural issues.
The cooperative quality of our system has been instrumental both in times of crisis and when dealing with long-term structural issues.
Capital and labour in the Nordic countries are to a large degree put to use where they offer the highest return.
Capital and labour in the Nordic countries are to a large degree put to use where they offer the highest return.
In combination with comprehensive income insurance schemes and ambitious active labour market policies, that has made the labour market more flexible.
In combination with comprehensive income insurance schemes and ambitious active labour market policies, that has made the labour market more flexible.
Coordinated wage negotiations may increase the productivity.
Coordinated wage negotiations may increase the productivity.
Without coordination the wage level in firms and sectors with different productivity will tend to differ.
Without coordination the wage level in firms and sectors with different productivity will tend to differ.
These wage differentials may be inefficient.
These wage differentials may be inefficient.