Investment Expected to Rise in Norway, U.K. Oil & Gas Industry, an Industrial Info Market Brief
Industry Segment: Market Brief | Word Count: 204 Words
After a challenging year for oil and gas throughout 2020, with record low oil prices and the COVID-19 pandemic, the industry is set to see a significant rise in investment during 2021. The rise is largely due to the deferral of work from 2020 to 2021 on Production and Pipeline projects such as Tolmount, a gas field development in the U.K. southern North Sea; Finlaggan, which is planned to come onstream and other new discoveries expected to be sanctioned this year.