Norway’s 2021 Oil Investments Set To Fall Less Than Feared ...Middle East

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Investments in oil and gas offshore Norway are set to decline by 4.2 percent next year compared to 2020, a smaller drop than what the industry feared in early 2020, the Norwegian Oil and Gas Association said on Wednesday.   Next year, total investments in oil and gas development in the seas around Norway are expected to fall to US$20.5 billion (178.4 billion Norwegian crowns), down by 4.2 percent compared to the latest estimate by Statistics Norway for oil and gas investments in the country for 2020. However, the decline expected next year…

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