Norway’s total petroleum output is expected to grow over the next three years as oil and gas output expand, the Norwegian Petroleum Directorate said on Thursday. The combined volume is expected to rise to 4.33 million barrels of oil equivalent in 2024, a rise of 9.1% from the preliminary 2021 reading of 3.97 million barrels, NPD forecasts showed.Norway expects oil companies to submit “dozens” of new investment plans this year, up from eight in 2021, in order to take advantage of tax incentives introduced by parliament, leading to a jump in investment in the coming years. “The investments contribute to continued high ... (full story)