ShippingWatch

Norwegian oil companies increase investments big-time

Billion dollar investments in the Norwegian oil industry are climbing, shows a new survey for 2019, which projects growth of almost 12 percent. And yet the market remains very volatile, says the Director of Norsk olje&gas to ShippingWatch.

Photo: Statoil

Norway's oil companies are starting to regain their willingness to invest and their faith in the market.

A new survey from Statistics Norway (SSB), published Thursday, estimates that oil companies' investments will grow almost NOK 20 billion (USD 2.3 billion) from 2018 to 2019.

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