Investment in Norway's oil and gas sector to hit record high in 2025 — SSB

The Norwegian Statistical Office (SSB) says they're expecting a record-breaking level of investment in the country's oil and gas sector in 2025. Revised estimates indicate that total capital inflows are likely to hit 269.1 billion Norwegian kroner (about $26.46 billion), surpassing last year's figures.

This surge in financial backing is linked to the proactive exploration of new areas. Specifically, Vaar Energi is looking to greenlight up to 14 more projects focused on developing minor deposits adjacent to existing platforms. Nevertheless, the SSB advises that sustaining such elevated investment levels in 2026 may prove to be unfeasible given the dip in funding that tends to follow a period of intense exploration.

Preliminary data suggests investment is going to drop to 206.6 billion kroner ($20.31 billion) in 2026.