High investments in oil and gas activity

The total investments in Norwegian oil and gas activity, including pipeline transportation, will be higher in 2012 than in 2011, and the growth is expected to continue in 2013.

According to new estimates for 2012 by Statistics Norway (SSB), the total investments in oil and gas activity, including pipeline transportation, are expected to amount to NOK 180.6 billion measured in current value.

The estimate is slightly lower than that given for 2012 in the previous quarter, but is 18.4 per cent higher than the corresponding result for 2011. The estimate for 2013 is adjusted upward to NOK 207.8 billion; 12.6 per cent higher than the corresponding estimate for 2012.

The increase for 2012 is due to higher investments in field development and fields on stream, while the estimate indicates a moderate decrease in exploration, onshore activity and pipeline transportation.

The estimated increase for 2013 is due to higher investments in exploration, field development and fields on stream.

Related news

Latest news

New contract: Windcat 41 - no 17 in the Servogear series

Servogear announces the signing of a new contract with Windcat Workboats BV for the delivery of Servogear Controllable Pitch Propellers (CPP)  for their new vessel Windcat 41. 

Seacat Enterprise to be launched January 12th

Seacat Services, is preparing to launch its first High Speed Utility Vessel (HSUV), Seacat Enterprise at January 12th.

Norsafe Signs Contract with the Swedish Coast Guard (KBV)

On Wednesday 21st December, Norsafe signed yet another new contract with the Swedish Coast Guard (KBV) to deliver nine new Magnum 750 MKII boats.

A Unique Second-generation Tomograph is Developed

A new gamma-ray tomograph designed to image up to 4” diameter pipes, is developed by CMR Prototech for the Saskatchewan Research Council (SRC) in Canada.

Sohome launches a new website

Sohome has launched a new website that makes it easier to find key information. 

Sohome AS receives orders for Johan Sverdrup Project

Sohome AS is proud to be a sub-contractor to Intelecom AS for the Johan Sverdrup Project. 

New 55'' Ultra High Definition Chart and Planning table passes Type Approval testing

Most advanced maritime display system ever produced, the 55'' Ultra High Definition Chart & Planning table, enables Integrated Bridge System manufacturers to develop new multi-data solutions.

Norsafe's experience in the Polar Code Pays Off

In readiness for the introduction of the Polar code, Norsafe has become the first LSA supplier to have executed full scale tests and trials 

Øglænd System Group winner of Business of the Year Award

Øglænd System Group won the Business of the Year Award in the Stavanger-region 2016.