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Last Trade - 09/04/21

Sector
Energy
Size
Large Cap
Market Cap £6.50bn
Enterprise Value £9.35bn
Revenue £1.87bn
Position in Universe 115th / 1831

Norway oil firms raise 2021 investment plans, cuts seen for 2022

Wed 17th February, 2021 7:00am
OSLO, Feb 17 (Reuters) - Oil and gas firms in Norway have
raised their investment budgets for 2021 in recent months, but
still plan to spend less than last year and also expect a
decline in 2022, an industry survey by the national statistics
office (SSB) showed on Wednesday.
    Investment in the country's main economic sector is now
projected at 173.6 billion Norwegian crowns ($20.5 billion) this
year, up from a forecast of 166.3 billion crowns in November,
lagging last year's 185.4 billion, SSB said.
    For 2022, the survey's initial forecast of 138 billion
crowns was 8.9% lower than the similar predictions for 2021 a
year ago, SSB said.
    
($1 = 8.4731 Norwegian crowns)

 (Reporting by Terje Solsvik, editing by Nora Buli)
 ((terje.solsvik@thomsonreuters.com; +47 918 666 70))
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