Oil firms expect to spend 4.8 percent more on oil and gas operations offshore Norway in 2021 compared to the previous estimate three months ago, thanks to more fields coming on stream, Statistics Norway said in its quarterly survey on Wednesday. Total investments in oil and gas activity, including pipeline transportation, are now estimated at US$21.
8 billion (181.9 billion Norwegian crowns) for this year, which is 4.8 percent higher than estimated in the previous quarter. The higher investment forecast is mainly driven by field development and…Norway's Oil Industry Boosts Investment Despite IEA Report
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