The investment survey conducted during the second quarter within oil and gas, manufacturing, mining and quarrying and electricity supply in 2026 amounted to NOK 370 billion. This is 3.1 per cent higher than the corresponding figure for 2025. The increase can mainly be attributed to a clear growth in investments in electricity supply. Oil and gas activities and Industrial investments are both lower in 2026 compared to 2025 and are detracting from the overall increase.
The companies' latest estimates for total investments in 2027 are expected to rise by 3.3 per cent compared to the corresponding estimate for 2026. At the same time, there is significant uncertainty surrounding next year’s estimates, as they are provided at such an early stage.
The projected increase in 2027 is primarily driven by anticipated growth in investments for both electricity supply and manufacturing. The investments in Oil and gas activities are projected to rise next year, though not significantly. For more details about investments within the oil and gas industry, please see the following article Oil investment estimate for 2026 upward adjusted.
According to Figures that are adjusted for calendar effects and seasonal variation. Such adjustment gives a more accurate picture of the underlying trend in the time series and makes it easier to compare the results of subsequent quarters., quarterly final investments had following development from the 4th of 2025 to the 1st quarter of 2026:
- Oil and gas: -1.0 %
- Manufacturing: -6.0 %
- Electricity supply: 18.3 %