Published by Global Banking & Finance Review®
Posted on November 13, 2025
2 min readLast updated: January 21, 2026
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Norwegian oil companies have raised their 2026 investment forecasts, with current estimates at 248.6 billion crowns, reflecting a 7.3% increase from last year.
OSLO (Reuters) -Norwegian oil and gas companies have increased their projected investments for 2026 compared to estimates made three months ago, a quarterly statistics office survey of industry players showed on Thursday.
Norway produces about 2% of global oil and became Europe's largest supplier of natural gas after Russia's invasion of Ukraine in February 2022.
The country's biggest business sector expects to invest a record 275 billion Norwegian crowns ($27.38 billion) in 2025, in line with estimates from August and up 7.3% from last year.
Still, investments remain on course for a decline in 2026 from a peak this year, Statistics Norway said.
Preliminary estimates for oil and gas investments next year 2026 were seen at 248.6 billion crowns, compared to a previous estimate of 229.4 billion crowns in August.
Record high investments this year are driven by projects that had been approved by oil companies in 2022, supported by temporary tax incentives.
With ongoing projects reaching their investment peak, and few new having been approved since 2022, the overall oil investments are set to decline.
(Reporting by Nerijus Adomaitis and Terje Solsvik, editing by Essi Lehto)
Investment refers to the allocation of resources, usually money, in order to generate income or profit. It can involve purchasing assets such as stocks, bonds, or real estate.
Oil and gas investment involves funding projects related to the exploration, extraction, and production of oil and natural gas. This sector can be highly lucrative but also carries significant risks.
Economic growth is the increase in the production of goods and services in an economy over a period of time, usually measured by the rise in Gross Domestic Product (GDP).
Investment estimates are projections of future spending in a specific sector or industry, often based on surveys and historical data, helping businesses and investors make informed decisions.
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