Norwegian oil companies plan to invest more in 2023 and 2024 than previously thought, survey shows

📆 17.08.2023 17:11:00
📰 globeandmail

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Norway’s biggest business sector now expects to invest 213 billion Norwegian crowns in 2023, up from a forecast of 197.8 billion made in May

Norwegian oil and gas companies plan to invest more in 2023 and 2024 than previously thought, driven mainly by rising activity as well as cost inflation from a weaker crown currency, a national statistics office survey showed on Thursday.

Oil companies now plan to invest 207 billion crowns in 2024, compared to a previous estimate of 181.9 billion.

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