Oil and gas

Statistics

Extraction and related services
An economic overview of the activity on the continental shelf and related services.
Foreign subsidiaries in Norway
The statistics provide an overview of foreign-controlled enterprises’ activity in Norway
Index of industrial production
Monitors the development of added value in oil and gas, manufacturing, mining and electricity
Producer price index
Measures the price of domestic produced goods sold both to the Norwegian and foreign market
Production and consumption of energy, energy balance and energy account
Shows total production, transformation and use of all energy products on Norwegian territory
Sales of petroleum products and liquid biofuels
The statistics present sales of finished refined petroleum products by industry and by county.
Turnover in oil and gas, manufacturing, mining and electricity supply
Monitors the turnover within oil and gas, manufacturing, mining and electricity supply
Commodity price index for the industrial sector
The statistics has been discontinued

Analyses, articles and publications

Showing 5 of 5

  1. Lower revenues and higher costs on the Norwegian Continental Shelf in 2023

    Following a record year in 2022, the oil and gas extraction industries are experiencing an anticipated decline in production values for 2023. At the same time, there is a significant increase in both wage costs and investments compared to previous years, partly due to a weaker Norwegian currency and a general increase in costs.

  2. The role of oil prices in Norwegian petroleum investments

    This paper provides evidence that oil price fluctuations have been an important driver of petroleum investment in Norway.

  3. U.S. tight oil supply flexibility - A multivariate dynamic model for production and rig activity

    This paper examines the supply of U.S. LTO from both a theoretical and empirical point of view. The theory model combines endogenous rig activity and stylized reservoir pressure mechanics with the classic Hotelling model for exhaustible resource extraction.

  4. Production value for Norwegian oil and gas drops for the second year in a row

    The decline is mainly caused by lower oil and gas prices, while production volume remains stable. Meanwhile, production value in the support industries rise for the third year in a row.

  5. Plausible futures for the Norwegian Offshore Energy Sector: Business as Usual, Harvest or Rebuild?

    The global energy transition from fossil to low-carbon energy challenges the future of the Norwegian petroleum sector, a major factor in the country’s economy, now facing financial climate risk and long-term declining demand, particularly for gas to the EU.

Older analyses, articles and publications
for subtopic oil and gas.