Norwegian oil investments look set for big slide in 2016

Norway's central statistics bureau has published its latest numbers for investments in exploration and extraction of oil and gas expected to take place on the Norwegian Shelf next year. The country is in for a setback the likes of which the industry has not seen in years.

BY TOMAS KRISTIANSEN

Following three years in which Norwegian investments in oil and gas projects have noted a solidly rising trend, this development will turn around 180 degrees for a big plunge next year, notes Norway's central statistics bureau, Statistisk Sentralbyrå.

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