Norway’s oil and gas sector is set to achieve a historic investment milestone in 2025, with projections indicating a total expenditure of 275 billion Norwegian kroner (approximately $24.7 billion). This marks an increase from the 263.7 billion kroner invested in 2024 and surpasses previous forecasts. Reuters
The surge in investment is attributed to several factors, including cost inflation, accelerated development timelines, and expanded activities across multiple fields. Notably, plans are underway to drill 45 exploration wells in 2025, the highest number since 2019.
Major contributors to this investment include industry giants such as Equinor, Aker BP, Vår Energi, ConocoPhillips, and Shell, which collectively account for nearly all of Norway’s oil and gas output. Significant projects slated for commencement in 2025 encompass Equinor’s Johan Castberg and Vår Energi’s Balder X oilfields, with Aker BP’s Yggdrasil field expected to follow in 2027.
Despite the optimistic outlook for 2025, projections indicate a decline in investments post-2025, with expectations of 203 billion kroner by 2029. Reuters
As Western Europe’s largest oil and gas producer, Norway’s robust investment plans underscore its commitment to sustaining production levels in the coming years.
- Doomhammer42: “Ah yes, another oil ‘boom’! Because the world isn’t already sinking fast enough, right? Let’s just burn some more barrels and see what happens.”
- GrumbleMage91: “2025: The year we all live in our oil-slicked caves and laugh at the incompetence of ‘progress’.”
- CavernDweller77: “So, in 2025, I’m supposed to believe in a future full of more ‘energy projects’? If only that energy was spent on fixing society… but nope, let’s just dig deeper.”
- FrostBiter76: “Investment in fossil fuels? How quaint. I’ll be over here, waiting for the eventual collapse. It’s going to be fabulous.”
- Wrecklord2000: “Oh sure, the trolls are clapping, but I’ll be too busy running for cover when the whole world goes up in flames. Literally.”
- Shadowcaster88: “Trolls know better than to trust these so-called ‘big plans.’ 2025 is just one big ‘oops’ waiting to happen.”
- BlackFang44: “Everyone’s betting on oil and gas like it’s the ‘cure’ to their problems. Newsflash: The real problem is that we never learned how to stop digging our own graves.”
The world keeps spinning toward chaos… with oil as the main fuel. ?
