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Norway cuts gas investment forecasts

The Norwegian Petroleum Directorate has revised down its forecasts for investment in Norway's gas sector over the next five years The Norwegian Petroleum Directorate has revised down its forecasts for investment in Norway's gas sector over the next five years.
By Silvia Favasuli 11 January 2019 Europe & Russia / Exploration & Production 0 33826
Norwegian petroleum industry investment forecast, 2018 vs 2019

The Norwegian Petroleum Directorate (NPD) has lowered its forecasts for investment in Norway’s oil and gas sector in the next five years. In a report released on Thursday, the NPD showed investment levelled out at around NOK 125 billion ($14.8 billion) in 2018 compared with a forecast made in January 2017 of NOK 122 billion. Investment is expected to rise by 13% in 2019, with the amount forecast to be in excess of...