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Energy and manufacturing
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Investment growth in oil in 2018
Total investments in oil and gas activity in 2018, including pipeline transportation, are now estimated at NOK 160 billion. The estimate is 7.1 per cent higher than corresponding estimates for 2017, given in the 1st quarter of 2017.
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Crude oil and natural gas prices up
The Producer Price Index (PPI) increased 3.1 per cent from December to January, which continued the overall growth that started in July 2017. The rise from December to January was led by higher prices on crude oil and natural gas.
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Pronounced rise in new orders
Compared with the fourth quarter of 2016, new orders received in the order-based industry showed a considerable growth in the fourth quarter of 2017. The value of new orders in the last quarter of the 2017 is bigger than the deliveries and therefo...
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All-time high domestic electricity consumption
The gross consumption of electricity came to 134.1 TWh in 2017; an increase of 0.7 per cent compared with 2016 and the highest level ever recorded.
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Growth in manufacturing output
Norwegian manufacturing output went up 1.1 per cent from the third quarter to the fourth quarter of 2017, according to seasonally-adjusted figures. An increase in both petroleum-related manufacturing and other industries contributed to the growth.
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Considerable growth in manufacturing turnover
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 4.2 per cent from the third to the fourth quarter of 2017. It was especially the industry grouping refined petroleum, chemicals and pharmaceuticals ...
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Optimism in manufacturing
Norwegian industrial managers report a production increase in the fourth quarter of 2017, with expectations of increased production and new orders in the first quarter of 2018. The general expectations for the first quarter of 2018 are also positi...
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Increased total sales
Total sales of petroleum products in December amounted to 634 million liters, a 26 million litres increase compared to December last year.
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PPI continues to rise
The producer price index (PPI) went up by 2.9 per cent from November to December. This was the fifth month in a row with an increase and stems from rising prices on crude oil and natural gas during the period. The PPI is now at its highest level s...
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The positive development in manufacturing turnover continues
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 2.5 per cent from September to November 2017 compared to the previous three-month period. Moreover, a 0,9 per cent increase was recorded from Octobe...
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Minor growth in manufacturing output
Norwegian manufacturing output saw an increase of 0.4 per cent from September to November 2017 compared to the previous three-month period, according to seasonally-adjusted figures. On a month to month basis, from October to November 2017, manufac...
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Increased sales
Total sales of petroleum products in November amounted to 677 million liters, about the same volume as last year.
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A tough year for the extraction industry
2016 was another tough year for the industries within extraction of oil and natural gas and extraction related services. A continued price decline led to a significant fall in production value and the downsizing of the workforce.
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Prices of crude oil rose in November
The producer price index went up by 3.2 per cent from October to November. This increase was due to a sharp rise in the price of crude oil as well as prices of electricity and basic metals.
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Positive development in manufacturing turnover
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 2.5 per cent from August to October 2017 compared to the previous three-month period. 2017. Moreover, a 1.8 per cent increase was recorded from Sept...
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