Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
ENERGY
Norway and the UK have overcome recent challenges and are on course to achieve significant milestones due to notable increases in investments, exploration success and production according to Rystad Energy.
- Solid oil and gas production from the region is also providing indispensable resources through the energy transition.
- Investments in Norway's oil and gas industry are expected to reach a record-high of about NOK 225billion ($21billion) in 2023 after several key project approvals in recent years.
- This investment is essential for maintaining a strong service industry while it undergoes a gradual transition towards alternative energy sources.
- Norwegian oil and gas production is set to rise again despite a decline of almost 15%, from a peak of nearly 4.6MMboed in 2004. Production might rise back towards peak levels by 2025 because of increased focus on gas.
- UK oil and gas investments in 2023 will be around 75% lower than 2013, when investment peaked at nearly £18 billion ($22.7 billion) but next year could see the highest number of projects sanctioned in a decade. The three largest projects are Rosebank, Cambo and Clair Phase 3.
Source: Rystad Energy
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok