Short biography
Pofessor at BI Norwegian School of Management since 1977, from1990 holder of the FINA Chair in petroleum economics and management, later, until 2005, the Total chair.
Since 1990 Programme Director of the M.Sc. progamme in energy economics and managment at BI.
Numerous teaching and research assignments at Norwegian and foreign universities and institutions.
Numerous consultancies for Norwegian, foreign and international public and private organisations, including the governments of Norway, Denmark and Sweden, the US Department of State, the US Internal Revenue Service, the United Nations, the World Bank, the International Monetary Fund, the International Energy Agency, and several oil and gas companies; former member of the Supervisory Board of RWE DEA (Hamburg).
Expert witness before the International Court of Justice, The Hague, Netherlands, in the LAPCO case, the United States oil companies Arco and Sun Oil versus the Islamic Republic of Iran, 1983-1989.
Expert witness before the United States Tax Court, Washington D.C, the case of Exxon versus the United States Internal Revenue Service, 1996-1998.
Walker, Thomas; Barabanov, Sergey, Michaeli, Maya & Kelly, Victoria (red.). Sustainability in the Oil and Gas Sector. Adaptation and Mitigation Strategies for Tackling Climate Change.
The oil industry has experienced long periods of remarkable stability, interrupted only by brief discontinuities which have yielded new company patterns. The First World War eliminated Germany’s access to the Middle East’s oil resources and left the international oil industry in the hands of British, French, and US interests until the 1973 Yom Kippur war. The early 2020s signal a restructuring of the oil industry’s pattern; particularly, the 2022 Russia-Ukraine war may trigger extensive changes. Market forces drove the twentieth-century transition away from coal; oil was cheaper, more convenient, and cleaner. Although some governments, such as those of Germany and the United Kingdom, then took measures to protect coal industries slowing the shift, in the twenty-first century, governments are increasingly pushing for a move away from oil, accelerating the shift. Energy availability and prices are as much the product of regulations, taxes, and subsidies, which relate to political intentions, as they are of market forces, which mean relative costs. The oil share of the world energy market is in decline, but the volumes extracted and consumed continue to rise, as well as the business figure and the industry turnover. Demand is moving to Africa and Asia; China is the world’s largest oil importer. The international oil industry is no longer dominated by the United States and European multinationals; Chinese, Russian, and Saudi companies are increasingly important. The US dollar is no longer the only petro-currency; the Chinese yuan holds a rising place in the oil trade. China is the major market for Gulf oil, and it would prefer to develop comprehensive bilateral economic ties to eventually conduct trade in yuan. The issues being raised today concern money as much as security, with the possibility of a petro-yuan challenging the petro-dollar. Oil is the world’s most traded commodity; any large-scale move into yuan represents a risk for the US dollar and therefore the ability for the United States to project power around the world. The important question to ask is to what extent oil trading in yuan would enhance China’s and even Russia’s positions as global powers.
Noreng, Øystein (2021)
The Oil Business and the State. National Energy Companies and Government Ownership.
Routledge.
National oil companies are big business with about 80 percent of the world’s proven oil reserves, and they are crucial to the world’s energy supplies. They are giants, some of the world’s largest companies, measured by market capitalisation, cash flow and investment. Little is known about their modus operandi, how they make decisions about investment and production or about relations with their government-owners. However, it is known that they conduct business with a political mandate, often with multiple long-term objectives, broadly defined and hard to quantify. Unclear mandates give national oil companies leeway to pursue their own distinctive interests, apart from those of the government-owner. As investors, governments are less zealous than private investors. They generally observe multiple objectives, not only return on capital. Therefore, the senior management of national oil companies enjoy more discretionary power and consider longer time horizons than their counterparts in the private sector. The Oil Business and the State explains the practice of state ownership in a capital-intensive industry with high risks and high return, and how these companies act in a market with imperfect competition. This book looks to give readers more insight into the oil industry, into the background of oil exporting countries as well as the economic and political challenges confronting them, including problems of state ownership. The book discusses wider consequences of China replacing the United States as the world’s leading oil importer. It will be of interest to researchers, academics and students in the fields of international business, management history, corporate governance, political economy and economic development of oil-rich countries.
Noreng, Øystein (2020)
Evolving U.S., Russian, and Chinese Energy Policies: Implications for GCC Oil
Journal of Energy and Development, 45(2), s. 227- 258.
Noreng, Øystein (2020)
OPEC -from peak to peak: The History of 'peak oil' and its relevance for OPEC
Garavini, Giuliano & Claes, Dag Harald (red.). Handbook of OPEC and the Global Energy Order
This paper discusses the Energy Union project of the current European Union (EU), asmanifest in the 2018 Clean Energy for All.1 The focus is on energy policy objectives in relation to wider political ambitions, using energy policy to further convergence and integration of member countries, centralizing authority, and strengthening Brussels’ authority. Emphasis is on the interaction between France and Germany as the historical driving force.2 The discussion will focus on policies and performance since the finance crisis in 2008–2009. The overriding objective is to reduce greenhouse gas emissions by 85 to 90 percent by 2050 from their 1990 levels. Indeed, from that perspective, the EU energy policy is to a large extent about climate.
Noreng, Øystein (2018)
The Resource Endowment Challenge - Extending the Value Chain
Thune, Taran Mari; Engen, Ole Andreas Hegland & Wicken, Olav (red.). Petroleum industry transformations : lessons from Norway and beyond
Noreng, Øystein (2017)
Norway: A Reliable Long-Term Gas Supplier for Europe?
Hafner, Manfred & Tagliapietra, Simone (red.). The European Gas Markets: Challenges and Opportunities
Noreng, Øystein (2017)
The Global Dimension of EU Energy Policy
Sitter, Nick; Andersen, Svein S & Goldthau, Andreas (red.). Energy Union: Europe's New Liberal Mercantilism?
The Oil Industry and Government Strategy in the North Sea
Routledge.
Noreng, Øystein (2015)
Political Detente and Economic Tensions
Bahgat, Gawdat (red.). The Changing Energy Landscape in the Gulf: Strategic Implications
Noreng, Øystein (2014)
Oil and gas in the capitals: The crimea crisis, Russian gas and Norway
World Oil, 235(4)
Noreng, Øystein & Al-Sahlawi, Mohammed (2013)
A century after Sykes-Picot: Restructuring the Middle East through Iraq, Kurdistan, and the Arab spring
Journal of Energy and Development, 39(1)
Lodgaard, Sverre & Noreng, Øystein (2013)
Inter-State Relations in the Middle East: Systemic Analysis
Lodgaard, Sverre (red.). In the wake of the Arab Spring: conflict and cooperation in the Middle East
Noreng, Øystein & Al-Sahlawi, Mohammed (2013)
The Arab Spring. The driving Forces and the Oil Dimension
Lodgaard, Sverre (red.). In the wake of the Arab Spring: conflict and cooperation in the Middle East
Noreng, Øystein (2013)
Global Resource Scramble and New Energy Realities
Glodthau, Andreas (red.). The Handbook of Global Energy Policy
Peak Oil no longer applies. The shale gas and oil breakthrough changes the economics and and the geopolitics of the petroleum industrry, as weel as of he Middle Easr.
Noreng, Øystein (2011)
Norway and Russia - From Cold War to Warm Peace
Oil, Gas and Energy Law (OGEL), s. 1- 24.
Noreng, Øystein (2011)
Ny giv for utbygging på norsk sokkel
Magma forskning og viten, 14(6), s. 57- 60.
Noreng, Øystein (2011)
Brazil and Norway—Offshore Petroleum Experiences and Lessons
Journal of Energy and Development, 35(1), s. 79- 99.
Noreng, Øystein (2010)
Risk and precaution in the offshore petroleum industry: Comparing the United States and Norway
Oil, Gas and Energy Law (OGEL), 8(3)
Noreng, Øystein (2009)
Securing Natural Gas for Europe: Lessons and Prospects
Journal of Energy and Development, 33(1), s. 57- 80.
Noreng, Øystein (2009)
Energy security for Europe : a choice for suppliers and partners
Fermann, Gunnar (red.). Political economy of energy in Europe: forces of integration and fragmentation
Noreng, Øystein (2007)
USAs politikk overfor Midtøsten - drivkrefter og virkninger
Internasjonal Politikk
Noreng, Øystein (2007)
Hva gjør vi med alle pengene? Behov, investeringer og risiko
Magma forskning og viten, 10(4), s. 41- 72.
Noreng, Øystein (2006)
Liberalisation, Integration and Specialisatrion: The Restructuring of the European Oil Industry
Jerome Davis (ed),The Changing World of Oil: An Analysis of Corporate Change and Adaptation
Noreng, Øystein (2006)
Oil and Islam - Economic Distress and Political Opposition
Bulent Gokay (ed), The Politics of Oil
Noreng, Øystein (2006)
Europe's Natural Gas Market - Security of Supply and Industry Restructuring
Journal of Energy and Development
Noreng, Øystein (2006)
Norges betydning i markedene for olje og naturgass!
Magma forskning og viten, s. 23- 39.
Noreng, Øystein (2006)
USA, Midtøstens olje og Kina
Internasjonal Politikk, s. 95- 22.
Noreng, Øystein (2005)
Norsk oljehistorie - økonomien
Norsk Oljemuseums Årbok
Noreng, Øystein (2005)
The Norwegian Experience of Economic Diversification in Relation to Petroleum Industry
The Gulf Oil and Gas Sector: Potential and Constraints, ed. Mary Abrams
Noreng, Øystein (2005)
Crude Awakenings: Global Oil Security and American Foreign Policy
Perspectives on Politics
Noreng, Øystein (2005)
Drivkrefter bak Irakkrigen
Babylon - Nordisk tidsskrift for Midtøstenstudier, s. 30- 41.
Noreng, Øystein (2005)
The Rise of Asia and the Restructuring of International Oil Trading
Journal of Energy and Development
Noreng, Øystein (2005)
Oljepolitikk og utenrikspolitikk
Internasjonal Politikk, s. 183- 216.
Noreng, Øystein (2004)
The Predicament of the Gulf Rentier State
Helge Hveem and Daniel Heradstveit (eds.): Obstacles to Market Economy and Democratic Development in the Gulf
Noreng, Øystein (2004)
Oil, the Euro and the Dollar
Journal of Energy and Development, 30(1), s. 53- 80.
Noreng, Øystein (2004)
Road Bump or Different Highways? The United States and Europe over Iraq and the Middle East
Journal of Energy and Development, 29(2), s. 187- 199.
Noreng, Øystein (2003)
Olje som motiv for Irak-krigen?
Internasjonal Politikk, 61(4), s. 391- 424.
Noreng, Øystein (2003)
Olje og stormakter siden 11. september
Ib Faurby og Märta-Lisa Magnusson (eds.): Korsvej og minefelt
Noreng, Øystein (2002)
Crude Power
I.B. Tauris.
Noreng, Øystein (2002)
Liberalizing and Restructuring European Natural Gas—Winners and Losers
Journal of Energy and Development, 27(1), s. 15- 32.
Noreng, Øystein (2002)
Maintaining North Sea Output by Restructuring the Norwegian Petroleum Industry
Journal of Energy and Development, 27(2), s. 213- 236.
Noreng, Øystein (2002)
Golfen og oljemarkedet ett år etter 11. september
Internasjonal Politikk, 60(3), s. 285- 317.
Noreng, Øystein (2001)
The World Natural Gas Market and Its Implications for the World Oil Market
The Future of Natural Gas in the World Energy Market (ECSSR)/ Abu Dhabi (Ed.)
Noreng, Øystein (2001)
Current Development in the Norwegian Oil and Gas Sector
World Oil, 222
Noreng, Øystein (2001)
North Sea Natural Gas Industry Changing
World Oil, 222
Noreng, Øystein (2001)
Big Changes in European Natural Gas
World Oil, 222
Noreng, Øystein (2001)
Liberalisation, Integration and Specialization - The restructuring of the European Oil Industry
Journal of Energy and Development, 26(1), s. 35- 54.
Noreng, Øystein (2000)
The New Balance of Private and Public Interests in the Restructuring of the Petroleum Industry - A European Perspective
Journal of Energy and Development, 25(2), s. 187- 202.
Noreng, Øystein (1999)
Konsentrasjon og kostnader på norsk sokkel
Offshore & Energi
Noreng, Øystein (1999)
Statoils muligheter - stille før stormen?
Offshore & Energi
Noreng, Øystein (1999)
Norges gass i det europeiske markedet
Offshore & Energi
Noreng, Øystein (1999)
Hva gjør vi med statens olje og gass - Statoil og SDØE?
Offshore & Energi
Noreng, Øysten (1999)
Etterlyses: helhetssyn og strategi
Offshore & Energi
Noreng, Øystein (1999)
Oljeprisfallet 1998 - økonomiske og politiske årsaker
Internasjonal Politikk, 57(1), s. 3- 33.
Noreng, Øystein (1999)
The euro and the oil market: new challenges to the industry
Journal of Energy Finance and Development, 4, s. 29- 68.
Noreng, Øystein; Andersen, S.S. & Anker-Nilssen, Per (1999)
Climate for all the money`s worth. Review Essay
?, 10(2), s. 213- 220.
Noreng, Øystein (1998)
Household Energy Use in the Perspective of Living Conditions, Life Styles and Time Cost
