Norway oil industry expects to make record high investments in 2025

Norwegian oil and gas investments are expected to hit a new record this year, a statistics office survey of industry players showed on Tuesday.

The country's biggest business sector now expects to invest 269.1 billion Norwegian crowns ($26.62 billion) in 2025, up from a 253.8 billion crowns estimate in February and compared to 251.2 billion last year.

Preliminary estimates for oil and gas investments in 2026 stood at 206.6 billion crowns, compared to a previous estimate of 197.1 billion crowns in February.

Forecasts will normally rise as companies firm up spending plans in the months leading up to a new year.

(Reporting by Stine Jacobsen, editing by Louise Rasmussen)