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Oil and gas production is shut at the Oseberg field in the North Sea after mulitple power...

  • Friday, March 15, 12:54 PM ET
    Oil and gas production is shut at the Oseberg field in the North Sea after mulitple power failures yesterday, and the situation is still unstable, Statoil (STO +0.3%) says. The company plans to airlift some workers from the area out of ~700 working on the facilities during a period of high activity. Oseberg gas output today was cut by ~21M cubic meters/day.
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This news story has 2 comments:

  •  
    If this evolves in a way that the Elgin Field gas leak evolved for Total (TOT), then revenues could be severely impacted at Statoil (STO).
    15 Mar, 06:22 PM Reply Like
  •  
    Shut in. Get it right.

    Electrical failures are a fact of life. They will be back on production by Monday.
    16 Mar, 03:11 AM Reply Like
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