EnergyWatch

Norwegian yards and rig companies facing growth spurt

For the first time since the crisis, revenue in the Norwegian oil industry is expected to hit over NOK 300 billion, says EY. Yards and rig companies will be the players to feel strong growth rates, but several factors could slow the development, says the accounting giant.

Photo: /Ritzau Finans/AP/Jacob Ford

After several years with a pressured oil sector, optimism has recently begun to spread in the Norwegian oil industry.

And for good reason, according to a new report from auditing firm EY, which has analyzed the development in 1,200 companies in the Norwegian oil and gas sector.

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