Norway's 2015 oil and gas investment to fall more than expected

|By:, SA News Editor

Norway's oil and gas investments are seen falling 13.9% Y/Y in 2015, more than earlier forecasts, Reuters reports; companies are now expected to invest 185B Norwegian crowns ($29.8B) in the sector, vs. 215B crowns in 2014.

Norway has been one of the best-performing economies through Europe's slowdown, but it has struggled in recent quarters due to weak exports and consumption; the country's fortunes could sour further as its energy firms, which account for nearly 25% of the economy, cancel or delay some of their biggest projects.

Related: RDS.A, RDS.B, STO.