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Norway News

 

Norwegian Oil Investment Will Peak in '25

Aug 14, 2025

Norwegian oil and gas investments are expected to peak this year, and start declining next year as major projects are completed, a statistics office survey of industry players showed on Thursday.Norway produces about 2% of global oil, and became Europe's largest supplier of pipeline gas after Russia's invasion of Ukraine in February 2022.The country's biggest business sector expects to invest a record 274…

Driven by Oil & Gas, Norway Wealth Fund Approachs $2 Trillion

Dec 06, 2024

The value of Norway's sovereign wealth fund, the world's largest, rose to a record 20 trillion crowns ($1.8 trillion) on Friday, doubling its value in just five years as oil and gas revenue flowed in and stock markets rose.Built since 1996 as rainy-day savings…

Current News

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MODEC Ramps Up Hammerhead FPSO Work After ExxonMobil's Go-Ahead

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Seatrium Secures ABS Backing for Deepwater FPSO Design

MDL Secures Cable Laying Job in Asia Pacific

MDL Secures Cable Laying Job in Asia Pacific

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