OSLO: Oil and gas (O&G) firms in Norway have increased their 2021 investment plans in recent months, but still plan to spend less than last year and reduce spending in 2022, a national statistics office (SSB) survey showed yesterday.
The biggest sector in Norway now expects to invest 173.6 billion Norwegian crowns (US$20.5bil) this year, up from a forecast of 166.3 billion crowns in November, the SSB said, but that still lags last year’s 179.3 billion.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!