Friday, December 8

Norway oil firms raise 2022 investment forecasts

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OSLO — Oil and gas firms in Norway have raised this year’s investment forecasts as they seek to benefit from pandemic-era tax incentives intended to boost activity, a national statistics office (SSB) survey showed on Thursday.

The biggest business sector in Norway now expects to invest 159.5 billion Norwegian crowns ($17.9 billion) in 2022, up from a forecast of 154.4 billion crowns made in November, SSB said. ($1 = 8.8984 Norwegian crowns) (Reporting by Nerijus Adomaitis, editing by Terje Solsvik)