Oil & Gas in Norway industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The oil & gas market volume is defined as the total consumption (barrels of oil equivalent) of refined petroleum products and natural gas in each country in a specific year. The value of the oil segment reflects the total volume of refined petroleum products, including refinery consumption and losses, multiplied by the average retail price of gasoline and diesel taken together. The value of the gas segment is calculated as the total volume of natural gas consumed multiplied by the retail price of natural gas.
- The Norwegian oil & gas market recorded revenues of $26.6 billion in 2024, representing a compound annual growth rate (CAGR) of 4.3% between 2019 and 2024.
- Market consumption volume increased with a CAGR of 4.3% between 2019 and 2024, reaching a total of 115.2 million BoE in 2024.
- The Norwegian oil & gas market consumption volume grew by 31.9% in 2024, driven by rising industrial demand. The expansion of industrial activities across manufacturing, construction, and mining sectors has significantly boosted the need for fuel and energy. According to Statistics Norway, in 2024, the Nominal Gross Value Added (GVA) in Norway's industry reached $193.5 billion, reflecting a 2.3% increase from the previous year, driven by higher production requirements.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the oil & gas market in Norway
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the oil & gas market in Norway
- Leading company profiles reveal details of key oil & gas market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Norway oil & gas market with five year forecasts
Reasons to Buy
- What was the size of the Norway oil & gas market by value in 2024?
- What will be the size of the Norway oil & gas market in 2029?
- What factors are affecting the strength of competition in the Norway oil & gas market?
- How has the market performed over the last five years?
- What are the main segments that make up Norway's oil & gas market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Equinor ASA
- Aker BP ASA
- Var Energi ASA
- ConocoPhillips
