Norway oil companies face higher investment costs due inflation ...Middle East

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A general view of Equinor’s Johan Sverdrup oilfield platforms in the North Sea, Norway, December 3, 2019. REUTERS/Ints Kalnins//File Photo Acquire Licensing Rights OSLO, Nov 16 (Reuters) – Norwegian oil and gas companies plan to invest more in 2023 and 2024 than previously thought as inflation drives up the cost of field developments, a national statistics office (SSB) survey showed on Thursday. The country’s biggest business sector now expects to invest 216 billion Norwegian crowns ($19.94 billion) in 2023, up from a forecast of 213 billion made in August, SSB said. Oil companies now plan to invest 232 billion crowns in 2024, compared to a previous estimate of 207 billion. “The hi

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