Norway’s Oil Industry Raises 2026 Investment Forecast

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Norway's oil industry is expected to invest $24.8 billion in 2026, a $1.9 billion increase from the previous quarter's forecast, mainly driven by higher costs in field development and operating fields.

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Market impact analysis based on bullish sentiment with 80% confidence.

Sentiment
Bullish
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80%

Article Context

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Energy operators offshore Norway expect to invest $24.8 billion (249 billion Norwegian crowns) in oil and gas activities next year, Statistics Norway’s latest quarterly survey showed on Thursday. The estimate is $1.9 billion higher compared to the previous quarter’s forecast, mainly driven by higher forecasts of investments in field development and operating fields, the Norwegian statistics office said. The increased estimate of investment in field development is chiefly pushed up by higher costs being reported for…

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Original article published by OilPrice.com on November 13, 2025.
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