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Reuters: Norway oil sector lowers 2019 investment forecast


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Reuters: Norway oil sector lowers 2019 investment forecast

Business

Category: Business and Investment News

Oil and gas companies working in Norway have lowered their investment forecasts for 2019 to 172.7 billion crowns ($20.1 billion) from 175.3 billion crowns seen in November, a survey by the country’s statistics agency (SSB) showed on Thursday.

In 2020 investments are expected to fall to 158.5 billion crowns, according to initial forecasts, though the forecasts could be revised upwards in the months to come, it added.

Read entire article HERE.

See the SSB article on the survey (Norwegian) HERE.

Source: Reuters