Norway's oil and gas investments are set to reach a record high in 2024, driven by increased spending on exploration and field developments.
Companies are expected to spend a record-high level of investment on oil and gas extraction and pipeline transportation in 2024 offshore Norway , thanks to higher expected spending on exploration and field developments, Statistics Norway said on Tuesday. Investments in oil and gas extraction and pipeline transportation for 2024 are now estimated at $23.
6 billion 216 billion crowns in 2025, which is 5.2% higher than estimated in the previous quarter. Oil and gas companies plan to boost exploration activity and spending offshore Norway this year as Western Europe’s top oil and gas producer looks to maintain production and raise exports to the rest of Europe.
Oil Gas Investment Energy North Sea
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