Final investments for 2025 within oil and gas, manufacturing, mining and quarrying and electricity supply amounted to NOK 359 billion, measured in current value. This gives an increase of 8.5 per cent compared with to the investments made in 2024. Oils and gas industry had a rise of 8.7 per cent. Investments in manufacturing had an increment of 2.4 per cent, while electricity supply showed an increase of 19 per cent.

Figure 1. Final investments. Millions current NOK.

The companies’ latest estimates for total investments in 2026 indicate a further increase of 5.8 percentage points compared to the corresponding figure for 2025. The rise in 2026 is primarily driven by higher investment activity within the electricity supply industry. Investments in oil and gas, as well as in Manufacturing show a modest increase. For more details about investments within the oil and -gas industry, please see the following article Growth in petroleum investment in 2025.

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 3rd to the 4th quarter of 2025:

  • Oil and gas: -0.6 %
  • Manufacturing: -2.3 %
  • Electricity supply: 4.7 %

Figure 2. Final investments per quarter. Seasonally adjusted. 2021=100