Norway investment 'to shrink by 14%'

Norway’s oil and gas sector is set to see investment shrink by almost 14% next year as operators cut spending on both existing fields and on new developments, according to the latest official estimates.

Spending slowdown: Statoil's Johan Sverdrup, above, could mitigate investment drop once plans are submitted, says agency
Spending slowdown: Statoil's Johan Sverdrup, above, could mitigate investment drop once plans are submitted, says agency
Published 4 December 2014, 11:04Updated 11 October 2016, 15:17