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The Nexus
BUSINESSMay 28 · 04:00 UTCBLOOMBERGNayla Razzouk

Oil Investments to Drop for Third Year on War Shock, IEA Says

The IEA reports oil investments will decline for the third consecutive year due to war-related disruptions. Norway's Equinor ASA is developing the Johan Castberg Arctic oil field, estimated to hold 450-650 million barrels, as part of the country's Arctic resource extraction push.

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International Energy Agency (IEA)organizationEquinor ASAorganizationJohan CastbergtopicNorwayplaceAker Solutions ASAorganizationBarents SeaplaceStordplace
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