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Within the Faculty of Science and Technology, research related to the oil and gas industry has an international reputation.Â The Department of Industrial Economics, Risk Management and Planning has consistently been among Norwayâ€™s most prolific research groups.

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The Stavanger region has been Norwayâ€™s hub for innovative industry for several decades and this is reflected in the universityÂ´s emphasis on technology and programmes of professional study. As member of the European Consortium of Innovative Universities (ECIU), the university aims at being a regional driving force through research activities, new forms of teaching and learning, and knowledge transfer. The University of Stavanger, Norway, has about 9200 students and 1300 staff. In July 1999, EDMC was merged into IEEJ and began operating as an IEEJ division under the same name, i.e., the Energy Data and Modeling Center. In October 1984, the Energy Data and Modeling Center (EDMC) was established as an IEEJ-affiliated organization to carry out such tasks as the development of energy data bases, building of various energy models and econometric analyses of energy. With the diversification of social needs during the three and a half decades of its operation, IEEJ has expanded its scope of research activities to include such topics as environmental problems and international cooperation closely related to energy. The aim of its establishment is to carry on research activities specialized in the area of energy from the viewpoint of the national economy as a whole in a bid to contribute to sound development of the Japanese energy-supplying and energy-consuming industries and to the improvement of people's life in the country by objectively analyzing energy problems and providing basic data, information and reports necessary for the formulation of policies.

The Institute of Energy Economics, Japan was established in June 1966 and certified as an incorporated foundation by the Ministry of International Trade and Industry in September that year.