EnergyWatch

Norway foresees major oil investment rise in 2018

Investments have declined over the past three years, but new numbers from Statistics Norway show growth of 11 percent compared to the estimates just three months ago.

Photo: PR-foto: Statoil

The oil crisis in Norway seems to finally be over.

According to Statistics Norway (SSB) which collects data from players in the oil and gas industry, investments of NOK 160 billion (EUR 16.5 billion) will be made in 2018 in extraction and pipeline transportation. This is 7.1 percent more than the NOK 148.8 billion invested in 2017, and 11 percent more than what was estimated for 2018 back in November.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Vestas confirms spread of stolen data

Data from the OEM's IT systems have been stolen and offered to a third party, informs Vestas, which has "reasons to believe" that the leaked data mainly pertains to internal company matters, says CEO.

Further reading

Related articles

Latest News

See all jobs