Surprising growth forecast suggests recovery in Norway's oil capital

There is a significant change in the air among Stavanger's oil and gas companies, which anticipate strong revenue growth and employment, shows a new growth forecast.

Photo: Wintershall

A new growth forecast for offshore-related companies in and around Norway's oil capital in Stavanger is surprisingly optimistic at the beginning of 2018. The forecast projects high revenue growth, an order backlog as well as increased employment.

This Wednesday, Stavanger-based SR Bank published its latest forecast based on 600 companies in southern and southwest Norway.

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