Extraction and related services
Articles, analysis, and publications
2024
Lower revenues and higher costs on the Norwegian Continental Shelf in 2023 Article 18 December
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.
2021
Production value for Norwegian oil and gas drops for the second year in a row Article 14 December
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.